Ecuador: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Ecuador

The Ecuadorian market for fresh or chilled pig meat other than cuts or carcases reduced slightly to $X in 2022, almost unchanged from the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.9% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Ecuador

In value terms, production of fresh or chilled pig meat other than cuts or carcases dropped modestly to $X in 2022 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 56% against the previous year. Over the period under review, production of hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports from Ecuador

In 2021, approx. X kg of fresh or chilled pig meat other than cuts or carcases were exported from Ecuador; remaining stable against the year before. Over the period under review, exports recorded a significant contraction. The smallest decline of -20% was in 2014. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases stood at $X in 2021. Overall, exports saw a significant decrease. The smallest decline of -20% was in 2014. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X kg) was the main destination for exports of fresh or chilled pig meat other than cuts or carcases from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Switzerland was relatively modest.

Export Prices by Country

In 2021, the average export price for fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, leveling off at the previous year. In general, the export price posted a resilient increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 130%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Luxembourg amounted to 0.0% per year.

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports into Ecuador

In 2022, approx. X tons of fresh or chilled pig meat other than cuts or carcases were imported into Ecuador; with a decrease of -28.7% on the year before. Overall, imports saw a significant decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 174%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases contracted significantly to $X in 2022. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 214%. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of fresh pork other than cuts or carcases to Ecuador, with a 87% share of total imports. Moreover, imports of fresh or chilled pig meat other than cuts or carcases from Canada exceeded the figures recorded by the second-largest supplier, the United States (X kg), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from Canada stood at -20.7%.

In value terms, Canada ($X) constituted the largest supplier of fresh or chilled pig meat other than cuts or carcases to Ecuador, comprising 73% of total imports. The second position in the ranking was taken by the United States ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada totaled -14.1%.

Import Prices by Country

In 2022, the average import price for fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, picking up by 5.3% against the previous year. In general, the import price saw prominent growth. The pace of growth appeared the most rapid in 2014 an increase of 101%. The import price peaked at $X per ton in 2019; however, from 2020 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 the United States ($X per ton), while the price for Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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