Ecuador: Fruit Flour Market 2024

Fruit Flour Market Size in Ecuador

In 2022, after three years of decline, there was significant growth in the Ecuadorian fruit flour market, when its value increased by 319% to $X. In general, consumption, however, showed a deep downturn. Fruit flour consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Fruit Flour Production in Ecuador

In value terms, fruit flour production contracted modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.5% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by 31% against the previous year. Fruit flour production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Fruit Flour Exports

Exports from Ecuador

In 2022, shipments abroad of fruit flour decreased by -8.4% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 294%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, fruit flour exports shrank to $X in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 435%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Germany (X tons) was the main destination for fruit flour exports from Ecuador, with a 19% share of total exports. Moreover, fruit flour exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.2% per year) and the Netherlands (+44.7% per year).

In value terms, Germany ($X), the United States ($X) and the Netherlands ($X) constituted the largest markets for fruit flour exported from Ecuador worldwide, together comprising 34% of total exports. South Korea, Vietnam, the UK, Japan, the United Arab Emirates, Iran and Russia lagged somewhat behind, together accounting for a further 15%.

In terms of the main countries of destination, the UK, with a CAGR of +72.8%, 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 fruit flour export price amounted to $X per ton, approximately mirroring the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price 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, fruit flour export price increased by +1.9% against 2017 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 36%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Russia ($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 the United Arab Emirates (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fruit Flour Imports

Imports into Ecuador

After seven years of growth, supplies from abroad of fruit flour decreased by -22.2% to X tons in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 93% against the previous year. Imports peaked at X tons in 2021, and then reduced markedly in the following year.

In value terms, fruit flour imports shrank sharply to $X in 2022. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 61%. Imports peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2022, Chile (X tons) constituted the largest fruit flour supplier to Ecuador, accounting for a 67% share of total imports. Moreover, fruit flour imports from Chile exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. India (X kg) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from Chile stood at +42.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+25.3% per year) and India (+13.5% per year).

In value terms, Chile ($X) constituted the largest supplier of fruit flour to Ecuador, comprising 75% of total imports. The second position in the ranking was taken by Spain ($X), with a 16% share of total imports. It was followed by India, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Chile amounted to +44.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+27.3% per year) and India (+23.5% per year).

Import Prices by Country

In 2022, the average fruit flour import price amounted to $X per ton, growing by 4.3% against the previous year. Overall, the import price posted a measured expansion. The most prominent rate of growth was recorded in 2014 an increase of 79% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Chile ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :