Ecuador: Battered Fish Fillet Market 2025

Battered Fish Fillet Market Size in Ecuador

For the sixth consecutive year, the Ecuadorian battered fish fillet market recorded growth in sales value, which increased by 14% to $X in 2021. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +45.0% against 2014 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in years to come.

Battered Fish Fillet Production in Ecuador

In value terms, battered fish fillet production reached $X in 2021 estimated in export price. Overall, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 45%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Battered Fish Fillet Exports

Exports from Ecuador

In 2021, overseas shipments of fish fillets in batter or breadcrumbs decreased by -13.6% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 124% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, battered fish fillet exports fell to $X in 2021. In general, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 131% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for battered fish fillet exports from Ecuador, with a 98% share of total exports. It was followed by Bolivia (X tons), with a 1.5% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Colombia amounted to +11.3%.

In value terms, Colombia ($X) remains the key foreign market for fish fillets in batter or breadcrumbs exports from Ecuador, comprising 98% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Colombia amounted to +12.7%.

Export Prices by Country

In 2021, the average battered fish fillet export price amounted to $X per ton, surging by 2.2% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 8.8% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Colombia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+1.3%).

Battered Fish Fillet Imports

Imports into Ecuador

In 2021, the amount of fish fillets in batter or breadcrumbs imported into Ecuador surged to X tons, growing by 235% on the previous year's figure. Overall, imports, however, saw a deep slump. The pace of growth was the most pronounced in 2015 with an increase of 4,715%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, battered fish fillet imports soared to $X in 2021. In general, imports showed a temperate expansion. The pace of growth was the most pronounced in 2015 with an increase of 5,332%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest battered fish fillet supplier to Ecuador, accounting for a 88% share of total imports. Moreover, battered fish fillet imports from the United States exceeded the figures recorded by the second-largest supplier, Thailand (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +21.8%.

In value terms, the United States ($X) constituted the largest supplier of fish fillets in batter or breadcrumbs to Ecuador, comprising 88% of total imports. The second position in the ranking was held by Thailand ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +16.7%.

Import Prices by Country

The average battered fish fillet import price stood at $X per ton in 2021, remaining constant against the previous year. Overall, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +9.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, battered fish fillet import price increased by +17.1% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of 157% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+61.0%).

Source: IndexBox Platform

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