Ecuador: Market for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes 2024

Market Size for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Ecuador

The Ecuadorian fruit or nut preserves market contracted remarkably to $X in 2021, waning by -41.3% against the previous year. Over the period under review, consumption continues to indicate a noticeable curtailment. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Ecuador

In value terms, fruit or nut preserves production declined to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 16% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Exports from Ecuador

In 2021, shipments abroad of jams, marmalades, fruit jellies, fruit or nut purees and pastes increased by 49% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 50% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, fruit or nut preserves exports soared to $X in 2021. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 fruit or nut preserves exports from Ecuador, with a combined 55% share of total exports. These countries were followed by Spain, Chile, Ukraine, the UK, Israel, Japan, France, China and Poland, which together accounted for a further 27%.

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 +24.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Russia ($X) constituted the largest markets for fruit or nut preserves exported from Ecuador worldwide, with a combined 55% share of total exports. These countries were followed by Spain, Chile, the UK, Ukraine, France, Japan, Israel, China and Poland, which together accounted for a further 26%.

China, with a CAGR of +17.2%, 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

In 2021, the average fruit or nut preserves export price amounted to $X per ton, reducing by -3.1% against the previous year. Over the period under review, the export price showed a slight downturn. The pace of growth was the most pronounced 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 failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, 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 Chile (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Imports into Ecuador

In 2021, the amount of jams, marmalades, fruit jellies, fruit or nut purees and pastes imported into Ecuador soared to X tons, picking up by 22% against 2020 figures. Overall, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -8.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 36%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, fruit or nut preserves imports skyrocketed to $X in 2021. In general, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked 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 fruit or nut preserves to Ecuador, accounting for a 83% share of total imports. Moreover, fruit or nut preserves imports from Chile exceeded the figures recorded by the second-largest supplier, Greece (X tons), more than tenfold. The third position in this ranking was held by Spain (X tons), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume from Chile amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+39.9% per year) and Spain (+30.1% per year).

In value terms, Chile ($X) constituted the largest supplier of jams, marmalades, fruit jellies, fruit or nut purees and pastes to Ecuador, comprising 76% of total imports. The second position in the ranking was taken by Greece ($X), with an 8.9% share of total imports. It was followed by Spain, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Chile stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+44.5% per year) and Spain (+23.2% per year).

Import Prices by Country

The average fruit or nut preserves import price stood at $X per ton in 2021, rising by 14% against the previous year. In general, the import price, however, continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2014 an increase of 21% against the previous year. 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, amid the top importers, 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 Greece (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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