Ecuador: Market for Frozen Vegetables other than Potato and Corn 2025

Market Size for Frozen Vegetables other than Potato and Corn in Ecuador

In 2022, the Ecuadorian market for frozen vegetables other than potato and corn increased by 3.2% to $X for the first time since 2013, thus ending a eight-year declining trend. In general, consumption, however, showed a deep slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Frozen Vegetables other than Potato and Corn in Ecuador

In value terms, production of frozen vegetables other than potato and corn reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by 5.6% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Frozen Vegetables other than Potato and Corn

Exports from Ecuador

In 2022, the amount of frozen vegetables other than potato and corn exported from Ecuador reached X tons, approximately equating 2021. Overall, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 12%. Over the period under review, the exports of hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of frozen vegetables other than potato and corn amounted to $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.3% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 15% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons), the United States (X tons) and Germany (X tons) were the main destinations of exports of frozen vegetables other than potato and corn from Ecuador, with a combined 69% share of total exports. Canada, the UK, Russia, Belgium, the Netherlands and Sweden lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +34.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Germany ($X) appeared to be the largest markets for frozen vegetables other than potato and corn exported from Ecuador worldwide, with a combined 73% share of total exports. Canada, the UK, Belgium, the Netherlands, Russia and Sweden lagged somewhat behind, together accounting for a further 10%.

In terms of the main countries of destination, Canada, with a CAGR of +30.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for frozen vegetables other than potato and corn amounted to $X per ton, flattening at the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 4.3% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Vegetables other than Potato and Corn

Imports into Ecuador

In 2022, after three years of growth, there was decline in supplies from abroad of frozen vegetables other than potato and corn, when their volume decreased by -1.5% to X tons. Overall, imports, however, posted a strong expansion. The growth pace was the most rapid in 2016 when imports increased by 184% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, imports of frozen vegetables other than potato and corn contracted slightly to $X in 2022. In general, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 165% against the previous year. Over the period under review, imports of attained the maximum at $X in 2021, and then shrank slightly in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest frozen vegetables other than potato and corn supplier to Ecuador, accounting for a 31% share of total imports. Moreover, imports of frozen vegetables other than potato and corn from Spain exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Belgium (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +91.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+16.4% per year) and Belgium (+17.4% per year).

In value terms, the largest frozen vegetables other than potato and corn suppliers to Ecuador were Spain ($X), the United States ($X) and Belgium ($X), with a combined 59% share of total imports.

Spain, with a CAGR of +82.6%, saw 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

In 2022, the average import price for frozen vegetables other than potato and corn amounted to $X per ton, remaining constant against the previous year. In general, the import price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 6.9% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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