Ecuador: Frozen Fruit Market 2022

Frozen Fruit Market Size in Ecuador

In 2021, the Ecuadorian frozen fruit market decreased by -X% to $X for the first time since 2011, thus ending a nine-year rising trend. Overall, consumption, however, posted strong growth. Over the period under review, the market reached the peak level at $X in 2020, and then declined markedly in the following year.

Frozen Fruit Production in Ecuador

In value terms, frozen fruit production shrank to $X in 2021 estimated in export price. In general, production, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Frozen fruit production peaked at $X in 2020, and then shrank in the following year.

Frozen Fruit Exports

Exports from Ecuador

In 2021, shipments abroad of frozen fruits increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen fruit exports skyrocketed to $X in 2021. In general, exports posted resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for frozen fruit exports from Ecuador, accounting for a X% share of total exports. Moreover, frozen fruit exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), ninefold. Canada (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and Canada (+X% per year).

In value terms, the United States ($X) remains the key foreign market for frozen fruit exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and Canada (+X% per year).

Export Prices by Country

The average frozen fruit export price stood at $X per ton in 2021, waning by -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the the average export prices remained at a lower figure.

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

Frozen Fruit Imports

Imports into Ecuador

Frozen fruit imports into Ecuador skyrocketed to X tons in 2021, picking up by X% compared with 2020. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, frozen fruit imports surged to $X in 2021. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. 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, Colombia (X tons) constituted the largest supplier of frozen fruit to Ecuador, with a X% share of total imports. Moreover, frozen fruit imports from Colombia exceeded the figures recorded by the second-largest supplier, Brazil (X tons), ninefold. The third position in this ranking was taken by Argentina (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Colombia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Argentina (-X% per year).

In value terms, the largest frozen fruit suppliers to Ecuador were Colombia ($X), Brazil ($X) and Argentina ($X), with a combined X% share of total imports.

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

Import Prices by Country

The average frozen fruit import price stood at $X per ton in 2021, jumping by X% against the previous year. Overall, the import price, however, saw a slight reduction. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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