Ecuador: Oat Market 2024

Oat Market Size in Ecuador

The Ecuadorian oat market contracted to $X in 2022, declining by -10.2% against the previous year. In general, consumption showed a perceptible contraction. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Oat Production in Ecuador

In value terms, oat production rose significantly to $X in 2022 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 -5.3% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 55%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average oat yield in Ecuador contracted slightly to X kg per ha, standing approx. at the previous year. Overall, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 2.7% against the previous year. The oat yield peaked at X kg per ha in 2017; however, from 2018 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of oats production in Ecuador stood at X ha, remaining constant against the previous year's figure. In general, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 0.9% against the previous year. The oat harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Oat Exports

Exports from Ecuador

In 2022, approx. X tons of oats were exported from Ecuador; with a decrease of -14.4% compared with 2021. In general, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 40%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, oat exports fell to $X in 2022. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 33%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for oat exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +3.2%.

In value terms, the United States ($X) also remains the key foreign market for oats exports from Ecuador.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +6.8%.

Export Prices by Country

The average oat export price stood at $X per ton in 2022, with an increase of 2.3% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oat export price decreased by -3.1% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 56% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.5% per year.

Oat Imports

Imports into Ecuador

In 2022, approx. X tons of oats were imported into Ecuador; waning by -7.4% against 2021 figures. Over the period under review, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of 42%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, oat imports dropped to $X in 2022. Overall, imports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2017 when imports increased by 54%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of oat to Ecuador, with a 85% share of total imports. Moreover, oat imports from Canada exceeded the figures recorded by the second-largest supplier, Chile (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled -1.4%.

In value terms, Canada ($X) constituted the largest supplier of oats to Ecuador, comprising 85% of total imports. The second position in the ranking was taken by Chile ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada totaled -2.3%.

Import Prices by Country

The average oat import price stood at $X per ton in 2022, falling by -4.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Chile totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (-0.4%).

Source: IndexBox Platform

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