Ecuador: Grapefruit Market 2024

Grapefruit Market Size in Ecuador

The Ecuadorian grapefruit market was estimated at $X in 2022, approximately mirroring the previous year. In general, consumption recorded a pronounced slump. The growth pace was the most rapid in 2020 when the market value increased by 5.6% against the previous year. Grapefruit consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Grapefruit Production in Ecuador

In value terms, grapefruit production expanded to $X in 2022 estimated in export price. Overall, production recorded a deep slump. The growth pace was the most rapid in 2020 when the production volume increased by 18%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

In 2022, the average grapefruit yield in Ecuador shrank slightly to X tons per ha, remaining stable against the previous year. In general, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the yield increased by 0.8%. Over the period under review, the average grapefruit yield hit record highs at X tons per ha in 2013; however, from 2014 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the grapefruit harvested area in Ecuador amounted to X ha, leveling off at 2021. Overall, the harvested area recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 2.4%. The grapefruit harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area stood at a somewhat lower figure.

Grapefruit Exports

Exports from Ecuador

In 2022, overseas shipments of grapefruits were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2016 with an increase of 745%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, grapefruit exports amounted to $X in 2022. In general, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 328%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for grapefruit exports from Ecuador, with a 65% share of total exports. Moreover, grapefruit exports to Poland exceeded the volume sent to the second major destination, Slovakia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland stood at +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+504.1% per year) and the Czech Republic (+11.2% per year).

In value terms, Slovakia ($X), the Czech Republic ($X) and Poland ($X) appeared to be the largest markets for grapefruit exported from Ecuador worldwide, together comprising 98% of total exports.

Slovakia, with a CAGR of +462.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grapefruit export price stood at $X per ton in 2022, shrinking by -8.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 17%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 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 the Czech Republic ($X per ton), while the average price for exports to Poland ($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 Czech Republic (-5.1%), while the prices for the other major destinations experienced a decline.

Grapefruit Imports

Imports into Ecuador

In 2022, overseas purchases of grapefruits were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 965%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, grapefruit imports surged to $X in 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,242% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Chile (X tons) was the main supplier of grapefruit to Ecuador, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Chile stood at +15.0%.

In value terms, Chile ($X) constituted the largest supplier of grapefruits to Ecuador.

From 2012 to 2022, the average annual rate of growth in terms of value from Chile stood at +23.0%.

Import Prices by Country

The average grapefruit import price stood at $X per ton in 2022, with an increase of 19% against the previous year. Overall, the import price posted prominent growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 44%. Over the period under review, average import prices hit record highs at $X per ton in 2020; afterwards, it flattened through to 2022.

As there is only one major supplying country, the average price level is determined by prices for Chile.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to +7.0% per year.

Source: IndexBox Platform

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