Ecuador: Meat Dishes Market 2024

Meat Dishes Market Size in Ecuador

The Ecuadorian meat dishes market fell modestly to $X in 2022, declining by -1.9% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Meat Dishes Production in Ecuador

In value terms, meat dishes production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 40% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Meat Dishes Exports

Exports from Ecuador

In 2022, shipments abroad of meat dishes increased by 14% to X tons, rising for the sixth consecutive year after two years of decline. Overall, exports, however, continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 521% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat dishes exports surged to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 711%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons), Colombia (X tons) and Germany (X tons) were the main destinations of meat dishes exports from Ecuador, with a combined 96% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +3.3%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) emerged as the key foreign market for meat dishes exports from Ecuador, comprising 51% of total exports. The second position in the ranking was held by Colombia ($X), with a 21% share of total exports. It was followed by Hong Kong SAR, with a 20% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-8.7% per year) and Hong Kong SAR (+6.7% per year).

Export Prices by Country

The average meat dishes export price stood at $X per ton in 2022, with an increase of 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 31%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Hong Kong SAR ($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 Finland (+96.4%), while the prices for the other major destinations experienced mixed trend patterns.

Meat Dishes Imports

Imports into Ecuador

In 2022, purchases abroad of meat dishes increased by 11% to X tons, rising for the second year in a row after two years of decline. In general, imports showed a perceptible increase. The pace of growth appeared the most rapid in 2013 with an increase of 147%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, meat dishes imports expanded slightly to $X in 2022. Overall, total imports indicated temperate growth from 2012 to 2022: its value 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, imports increased by +58.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% 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

Bolivia (X tons), the United States (X tons) and Peru (X tons) were the main suppliers of meat dishes imports to Ecuador, together comprising 80% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bolivia (with a CAGR of +34.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X), Peru ($X) and the United States ($X) were the largest meat dishes suppliers to Ecuador, together accounting for 77% of total imports.

Among the main suppliers, Bolivia, with a CAGR of +34.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average meat dishes import price stood at $X per ton in 2022, with a decrease of -6.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 57%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :