Ecuador: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2025

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Ecuador

In 2021, the Ecuadorian meat meals and pellets market decreased by -0.2% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +5.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, leveling off in the following year.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Ecuador

In value terms, meat meals and pellets production plummeted to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 43%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from Ecuador

For the ninth year in a row, Ecuador recorded decline in overseas shipments of flours, meals and pellets of meat or meat offal, which decreased by -44.4% to X tons in 2021. Over the period under review, exports saw a precipitous shrinkage. The smallest decline of -15.8% was in 2019. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, meat meals and pellets exports fell sharply to $X in 2021. In general, exports recorded a sharp downturn. The smallest decline of -20% was in 2020. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X kg), the United States (X kg) and Spain (X kg) were the main destinations of meat meals and pellets exports from Ecuador, with a combined 91% share of total exports. These countries were followed by Chile, which accounted for a further 4.5%.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +43.9%), while shipments for the other leaders experienced a decline.

In value terms, the United States ($X) remains the key foreign market for flours, meals and pellets of meat or meat offal exports from Ecuador, comprising 42% of total exports. The second position in the ranking was held by Spain ($X), with a 19% share of total exports. It was followed by Chile, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -38.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-40.7% per year) and Chile (+33.1% per year).

Export Prices by Country

The average meat meals and pellets export price stood at $X per ton in 2021, jumping by 44% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +12.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, meat meals and pellets export price increased by +51.3% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Norway ($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 Spain (+49.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into Ecuador

In 2021, approx. X tons of flours, meals and pellets of meat or meat offal were imported into Ecuador; jumping by 34% against the previous year's figure. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 86% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, meat meals and pellets imports soared to $X in 2021. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 94% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest meat meals and pellets supplier to Ecuador, accounting for a 83% share of total imports. Moreover, meat meals and pellets imports from the United States exceeded the figures recorded by the second-largest supplier, Peru (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+18.4% per year) and Chile (-27.5% per year).

In value terms, the United States ($X) constituted the largest supplier of flours, meals and pellets of meat or meat offal to Ecuador, comprising 83% of total imports. The second position in the ranking was taken by Peru ($X), with a 4.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +27.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+28.0% per year) and Chile (-11.7% per year).

Import Prices by Country

In 2021, the average meat meals and pellets import price amounted to $X per ton, surging by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2015 an increase of 26% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+21.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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