Ecuador: Market for Jams, Jellies, Puree And Pastes 2024

Market Size for Jams, Jellies, Puree And Pastes in Ecuador

In 2021, after two years of growth, there was significant decline in the Ecuadorian market for jams, jellies, puree and pastes, when its value decreased by -19.9% to $X. Over the period under review, consumption showed a deep contraction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Jams, Jellies, Puree And Pastes in Ecuador

In value terms, jam, jelly, puree and paste production totaled $X in 2021 estimated in export price. Overall, production showed a perceptible descent. The pace of growth appeared the most rapid in 2014 when the production volume increased by 14% against the previous year. Jam, jelly, puree and paste production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Jams, Jellies, Puree And Pastes

Exports from Ecuador

After two years of decline, shipments abroad of jams, jellies, puree and pastes increased by 49% to X tons in 2021. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 50%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, jam, jelly, puree and paste exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), the United States (X tons) and Russia (X tons) were the main destinations of jam, jelly, puree and paste exports from Ecuador, with a combined 51% share of total exports. Chile, Spain, Ukraine, the UK, Israel, Japan, France, China and Poland lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +23.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Russia ($X) were the largest markets for jam, jelly, puree and paste exported from Ecuador worldwide, together accounting for 53% of total exports. These countries were followed by Chile, Spain, the UK, Ukraine, France, Japan, Israel, China and Poland, which together accounted for a further 31%.

Among the main countries of destination, China, with a CAGR of +16.1%, saw the highest growth rate of 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 2021, the average export price for jams, jellies, puree and pastes amounted to $X per ton, which is down by -6.6% against the previous year. In general, the export price recorded a slight contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 6.9%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Poland ($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 France (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Jams, Jellies, Puree And Pastes

Imports into Ecuador

In 2021, the amount of jams, jellies, puree and pastes imported into Ecuador soared to X tons, picking up by 22% against the previous year. Over the period under review, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -8.3% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 36%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, jam, jelly, puree and paste imports soared to $X in 2021. Overall, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Chile (X tons) constituted the largest supplier of jam, jelly, puree and paste to Ecuador, with a 82% share of total imports. Moreover, jam, jelly, puree and paste imports from Chile exceeded the figures recorded by the second-largest supplier, Greece (X tons), more than tenfold. Spain (X tons) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume from Chile stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+41.1% per year) and Spain (+28.8% per year).

In value terms, Chile ($X) constituted the largest supplier of jams, jellies, puree and pastes to Ecuador, comprising 77% of total imports. The second position in the ranking was held by Greece ($X), with a 6.7% share of total imports. It was followed by Spain, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from Chile stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+40.1% per year) and Spain (+22.4% per year).

Import Prices by Country

The average import price for jams, jellies, puree and pastes stood at $X per ton in 2021, with an increase of 15% against the previous year. Over the period under review, the import price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2014 an increase of 21%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained 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 Colombia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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