Ecuador: Mixed Juices Market 2024

Mixed Juices Market Size in Ecuador

The Ecuadorian mixed juices market contracted slightly to $X in 2022, with a decrease of -4.3% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Mixed Juices Production in Ecuador

In value terms, mixed juices production fell modestly to $X in 2022 estimated in export price. Overall, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.9% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 33% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Mixed Juices Exports

Exports from Ecuador

Mixed juices exports from Ecuador contracted remarkably to X tons in 2022, with a decrease of -48.2% against the year before. Over the period under review, exports continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2021 when exports increased by 3,550% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, mixed juices exports reduced sharply to $X in 2022. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 4,176%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for mixed juices exports from Ecuador, with a 47% share of total exports. Moreover, mixed juices exports to Poland exceeded the volume sent to the second major destination, Germany (X tons), twofold. Spain (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland totaled -23.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+46.3% per year) and Spain (+22.4% per year).

In value terms, Poland ($X), Spain ($X) and Germany ($X) were the largest markets for mixed juices exported from Ecuador worldwide, together accounting for 80% of total exports.

Germany, with a CAGR of +54.2%, saw the highest rates of growth with regard to the value of exports, in terms of 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 mixed juices export price stood at $X per ton in 2022, remaining constant against the previous year. In general, the export price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 an increase of 69%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Poland ($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 France (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Juices Imports

Imports into Ecuador

In 2022, after three years of growth, there was decline in supplies from abroad of mixtures of fruit and vegetable juices, when their volume decreased by -3.7% to X tons. Overall, imports, however, saw a slight expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 167% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, mixed juices imports shrank to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 154%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Guatemala (X tons), the United States (X tons) and Spain (X tons) were the main suppliers of mixed juices imports to Ecuador, together accounting for 93% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +27.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of mixtures of fruit and vegetable juices to Ecuador, comprising 65% of total imports. The second position in the ranking was held by Spain ($X), with a 16% share of total imports. It was followed by Guatemala, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+33.2% per year) and Guatemala (+1.8% per year).

Import Prices by Country

In 2022, the average mixed juices import price amounted to $X per ton, falling by -3.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 22% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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