Report Update Nov 1, 2024

Ecuador - Crude Sunflower-Seed and Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Market for Crude Sunflower-Seed And Safflower Oil 2024

Market Size for Crude Sunflower-Seed And Safflower Oil in Ecuador

In 2022, after two years of growth, there was significant decline in the Ecuadorian market for crude sunflower-seed and safflower oil, when its value decreased by -30.5% to $X. In general, consumption, however, posted a strong expansion. As a result, consumption reached the peak level of $X, and then declined remarkably in the following year.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Ecuador

In 2022, after seven years of decline, there was growth in overseas shipments of crude sunflower-seed and safflower oil, when their volume increased by 2.2% to X tons. In general, exports, however, continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2014 with an increase of 36% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, crude sunflower-seed and safflower oil exports contracted to $X in 2022. Overall, exports, however, faced a sharp contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 92%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for crude sunflower-seed and safflower oil exports from Ecuador, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -37.8%.

In value terms, the United States ($X) also remains the key foreign market for crude sunflower-seed and safflower oil exports from Ecuador.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -31.7%.

Export Prices by Country

The average export price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, shrinking by -2.9% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude sunflower-seed and safflower oil export price increased by +4.9% against 2016 indices. The most prominent rate of growth was recorded in 2014 an increase of 41% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +9.9% per year.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Ecuador

In 2022, purchases abroad of crude sunflower-seed and safflower oil decreased by -26.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 116%. As a result, imports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, crude sunflower-seed and safflower oil imports shrank notably to $X in 2022. Overall, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 199%. As a result, imports reached the peak of $X, and then reduced sharply in the following year.

Imports by Country

Bolivia (X tons), Peru (X tons) and Argentina (X tons) were the main suppliers of crude sunflower-seed and safflower oil imports to Ecuador, with a combined 98% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bolivia (with a CAGR of +33.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Bolivia ($X) and Argentina ($X) appeared to be the largest crude sunflower-seed and safflower oil suppliers to Ecuador, together accounting for 98% of total imports.

In terms of the main suppliers, Bolivia, with a CAGR of +26.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for crude sunflower-seed and safflower oil stood at $X per ton in 2022, shrinking by -8.7% against the previous year. Over the period under review, the import price recorded a slight setback. The growth pace was the most rapid in 2021 when the average import price increased by 38%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude sunflower-seed and safflower oil in the world?

The countries with the highest volumes of crude sunflower-seed and safflower oil consumption in 2021 were Russia, Turkey and India, together comprising 37% of global consumption. China, Ukraine, Argentina, Spain, Italy, France, Iran, Hungary, Germany and Romania lagged somewhat behind, together accounting for a further 39%.

What are the largest producers of crude sunflower-seed and safflower oil in the world?

The countries with the highest volumes of crude sunflower-seed and safflower oil production in 2021 were Ukraine, Russia and Argentina, together accounting for 63% of global production. Turkey, Hungary, Bulgaria, Romania, France, Spain and Kazakhstan lagged somewhat behind, together accounting for a further 21%.

What are the leading suppliers of crude sunflower-seed and safflower oil to Ecuador?

In value terms, the largest crude sunflower-seed and safflower oil suppliers to Ecuador were Peru, Bolivia and Argentina, together comprising 100% of total imports.

What are the leading importers of crude sunflower-seed and safflower oil from Ecuador?

In value terms, the United States remains the key foreign market for crude sunflower-seed and safflower oil exports from Ecuador.

What is the average export price for crude sunflower-seed and safflower oil in Ecuador?

The average export price for crude sunflower-seed and safflower oil stood at $1,230 per ton in 2021, growing by 20% against the previous year.

What is the average import price for crude sunflower-seed and safflower oil in Ecuador?

In 2021, the average import price for crude sunflower-seed and safflower oil amounted to $942 per ton, surging by 6.2% against the previous year.

This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 268 - Oil of Sunflower Seed
FCL 281 - Oil of Safflower Seed

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023