Ecuador: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Ecuador

In 2021, the Ecuadorian glycosides and vegetable alkaloids market increased by 32% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw buoyant growth. Glycosides and vegetable alkaloids consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Exports of Glycosides And Vegetable Alkaloids

Exports from Ecuador

In 2021, approx. X tons of glycosides and vegetable alkaloids were exported from Ecuador; growing by 3% compared with 2020. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 260% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, glycosides and vegetable alkaloids exports declined notably to $X in 2021. Over the period under review, exports enjoyed temperate growth. The most prominent rate of growth was recorded in 2015 with an increase of 241%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

South Africa (X tons) was the main destination for glycosides and vegetable alkaloids exports from Ecuador, with a 80% share of total exports. Moreover, glycosides and vegetable alkaloids exports to South Africa exceeded the volume sent to the second major destination, Panama (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume to South Africa amounted to +16.7%.

In value terms, South Africa ($X) remains the key foreign market for glycosides and vegetable alkaloids exports from Ecuador, comprising 100% of total exports. The second position in the ranking was taken by Panama ($X), with a 0.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to South Africa totaled +15.9%.

Export Prices by Country

In 2021, the average glycosides and vegetable alkaloids export price amounted to $X per ton, waning by -37.2% against the previous year. In general, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 137%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, 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 South Africa ($X per ton), while the average price for exports to Panama stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (-0.7%), while the prices for the other major destinations experienced a decline.

Imports of Glycosides And Vegetable Alkaloids

Imports into Ecuador

In 2021, purchases abroad of glycosides and vegetable alkaloids increased by 41% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 108%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, glycosides and vegetable alkaloids imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +35.5% against 2019 indices. The growth pace was the most rapid in 2014 when imports increased by 88%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of glycosides and vegetable alkaloids to Ecuador, with a 88% share of total imports. Moreover, glycosides and vegetable alkaloids imports from China exceeded the figures recorded by the second-largest supplier, Uruguay (X tons), more than tenfold. Germany (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Uruguay (+84.4% per year) and Germany (-12.8% per year).

In value terms, China ($X) constituted the largest supplier of glycosides and vegetable alkaloids to Ecuador, comprising 44% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 16% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+14.2% per year) and India (+37.8% per year).

Import Prices by Country

In 2021, the average glycosides and vegetable alkaloids import price amounted to $X per ton, reducing by -16.3% against the previous year. In general, the import price showed a abrupt descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by 40% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, 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 the Czech Republic ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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