Ecuador: Coffee Extract Market 2024

Coffee Extract Market Size in Ecuador

The Ecuadorian coffee extract market contracted dramatically to $X in 2021, shrinking by -30.3% against the previous year. Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then shrank remarkably in the following year.

Coffee Extract Production in Ecuador

In value terms, coffee extract production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Coffee Extract Exports

Exports from Ecuador

In 2021, exports of coffee extracts, essences and concentrates from Ecuador skyrocketed to X tons, surging by 38% against the previous year's figure. Overall, exports, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2019 when exports increased by 40% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, coffee extract exports surged to $X in 2021. In general, exports, however, saw a pronounced downturn. The growth pace was the most rapid in 2019 when exports increased by 48% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X tons), Poland (X tons) and Germany (X tons) were the main destinations of coffee extract exports from Ecuador, together accounting for 71% of total exports. These countries were followed by Turkey, Colombia, Belgium, Peru, Japan, the Netherlands and the UK, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +108.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for coffee extract exported from Ecuador were Russia ($X), Germany ($X) and Poland ($X), with a combined 63% share of total exports. Peru, Belgium, Colombia, Turkey, Japan, the Netherlands and the UK lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, Colombia, with a CAGR of +96.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average coffee extract export price stood at $X per ton in 2021, reducing by -5.5% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 7.1% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Coffee Extract Imports

Imports into Ecuador

In 2021, imports of coffee extracts, essences and concentrates into Ecuador soared to X tons, with an increase of 33% on the previous year's figure. The total import volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, coffee extract imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Colombia (X tons), Brazil (X tons) and the UK (X tons) were the main suppliers of coffee extract imports to Ecuador, together accounting for 95% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +5.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) constituted the largest supplier of coffee extracts, essences and concentrates to Ecuador, comprising 74% of total imports. The second position in the ranking was held by Brazil ($X), with a 19% share of total imports. It was followed by the UK, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Colombia stood at +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-1.1% per year) and the UK (+17.6% per year).

Import Prices by Country

The average coffee extract import price stood at $X per ton in 2021, which is down by -14.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 22%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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