Ecuador: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in Ecuador

The Ecuadorian lettuce and chicory market expanded remarkably to $X in 2022, surging by 8% against the previous year. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Lettuce And Chicory Production in Ecuador

In value terms, lettuce and chicory production expanded notably to $X in 2022 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.5% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 61% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average lettuce and chicory yield in Ecuador stood at X tons per ha, approximately mirroring 2021 figures. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the yield increased by 2.2% against the previous year. Over the period under review, the average lettuce and chicory yield reached the maximum level 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.

The lettuce and chicory harvested area in Ecuador totaled X ha in 2022, approximately reflecting the year before. The harvested area increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the harvested area increased by 12% against the previous year. Over the period under review, the harvested area dedicated to lettuce and chicory production reached the peak figure at X ha in 2015; however, from 2016 to 2022, the harvested area remained at a lower figure.

Lettuce And Chicory Exports

Exports from Ecuador

In 2022, exports of lettuce and chicory from Ecuador surged to X tons, increasing by 135% compared with the previous year's figure. Over the period under review, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 617% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, lettuce and chicory exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a perceptible decrease. The growth pace was the most rapid in 2020 when exports increased by 565% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for lettuce and chicory exports from Ecuador, with a 83% share of total exports. Moreover, lettuce and chicory exports to Germany exceeded the volume sent to the second major destination, Switzerland (X kg), ninefold. The third position in this ranking was taken by Spain (X kg), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+25.0% per year) and Spain (-7.9% per year).

In value terms, Germany ($X) remains the key foreign market for lettuce and chicory exports from Ecuador, comprising 78% of total exports. The second position in the ranking was taken by Switzerland ($X), with an 8.8% share of total exports. It was followed by Spain, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+2.2% per year) and Spain (-7.0% per year).

Export Prices by Country

In 2022, the average lettuce and chicory export price amounted to $X per ton, dropping by -5% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lettuce and chicory export price increased by +62.4% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 62% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Germany ($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 Ireland (+24.6%), while the prices for the other major destinations experienced mixed trend patterns.

Lettuce And Chicory Imports

Imports into Ecuador

In 2022, the amount of lettuce and chicory imported into Ecuador surged to X kg, with an increase of 60% compared with the year before. Over the period under review, imports, however, recorded a precipitous decrease. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, lettuce and chicory imports skyrocketed to $X in 2022. Overall, imports, however, faced a dramatic contraction. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X kg) was the main supplier of lettuce and chicory to Ecuador, accounting for a approx. 100% share of total imports.

From 2016 to 2022, the average annual growth rate of volume from Brazil stood at +60.0%.

In value terms, Brazil ($X) constituted the largest supplier of lettuce and chicory to Ecuador.

From 2016 to 2022, the average annual growth rate of value from Brazil stood at +90.0%.

Import Prices by Country

The average lettuce and chicory import price stood at $X per ton in 2022, surging by 19% against the previous year. In general, the import price, however, showed a deep downturn. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2016 to 2022, the rate of growth in terms of prices for Brazil amounted to +18.7% per year.

Source: IndexBox Platform

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