Ecuador: Market for Nuts (Prepared Or Preserved) 2025

Market Size for Nuts (Prepared Or Preserved) in Ecuador

In 2021, the Ecuadorian nuts (prepared or preserved) market decreased by -9.3% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, saw a strong increase. Nuts (prepared or preserved) consumption peaked at $X in 2020, and then declined in the following year.

Production of Nuts (Prepared Or Preserved) in Ecuador

In value terms, nuts (prepared or preserved) production shrank to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 48% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Exports of Nuts (Prepared Or Preserved)

Exports from Ecuador

In 2021, overseas shipments of nuts (prepared or preserved) were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports posted a significant expansion. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, nuts (prepared or preserved) exports soared to $X in 2021. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Panama (X tons), the United States (X tons) and Chile (X tons) were the main destinations of nuts (prepared or preserved) exports from Ecuador, with a combined 100% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of +2,215.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nuts (prepared or preserved) exported from Ecuador were Panama ($X), the United States ($X) and Chile ($X), with a combined 99% share of total exports.

Panama, with a CAGR of +2,500.3%, saw the highest growth rate of 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 nuts (prepared or preserved) export price stood at $X per ton in 2021, picking up by 11% against the previous year. Over the period under review, the export price saw a remarkable increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Chile ($X per ton), while the average price for exports to Panama ($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 (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nuts (Prepared Or Preserved)

Imports into Ecuador

In 2021, supplies from abroad of nuts (prepared or preserved) increased by 47% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nuts (prepared or preserved) imports soared to $X in 2021. In general, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.0% 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 increased by +98.3% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of 57% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

The United States (X tons), Mexico (X tons) and Chile (X tons) were the main suppliers of nuts (prepared or preserved) imports to Ecuador, together comprising 74% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +52.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nuts (prepared or preserved) suppliers to Ecuador were the United States ($X), Chile ($X) and Mexico ($X), with a combined 73% share of total imports. Colombia and Brazil lagged somewhat behind, together accounting for a further 22%.

Among the main suppliers, Brazil, with a CAGR of +58.0%, 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

In 2021, the average nuts (prepared or preserved) import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2014 an increase of 32% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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