Ecuador: Market for Pasta Stuffed With Meat, Fish and Cheese 2024

Market Size for Pasta Stuffed With Meat, Fish and Cheese in Ecuador

The Ecuadorian market for pasta stuffed with meat, fish and cheese rose sharply to $X in 2022, surging by 8.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a buoyant expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Exports of Pasta Stuffed With Meat, Fish and Cheese

Exports from Ecuador

In 2022, overseas shipments of pasta stuffed with meat, fish and cheese increased by 34% to X kg for the first time since 2015, thus ending a six-year declining trend. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 127%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat, fish or cheese pasta exports soared to $X in 2022. Over the period under review, exports enjoyed a moderate expansion. The growth pace was the most rapid in 2013 when exports increased by 127%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X kg) was the main destination for meat, fish or cheese pasta exports from Ecuador, accounting for a 89% share of total exports. Moreover, meat, fish or cheese pasta exports to Chile exceeded the volume sent to the second major destination, Panama (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile was relatively modest.

In value terms, Chile ($X) remains the key foreign market for pasta stuffed with meat, fish and cheese exports from Ecuador, comprising 95% of total exports. The second position in the ranking was taken by Panama ($X), with a 4.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Chile stood at +4.6%.

Export Prices by Country

In 2022, the average export price for pasta stuffed with meat, fish and cheese amounted to $X per ton, declining by -12.2% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat, fish or cheese pasta export price increased by +88.2% against 2015 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 24%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Panama stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+4.0%).

Imports of Pasta Stuffed With Meat, Fish and Cheese

Imports into Ecuador

In 2022, meat, fish or cheese pasta imports into Ecuador was estimated at X tons, picking up by 5% against 2021 figures. Overall, imports continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2018 with an increase of 413%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, meat, fish or cheese pasta imports expanded sharply to $X in 2022. In general, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 560% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Mexico (X tons) and Italy (X tons) were the main suppliers of meat, fish or cheese pasta imports to Ecuador, together accounting for 66% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +42.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat, fish or cheese pasta suppliers to Ecuador were Italy ($X), the United States ($X) and Mexico ($X), with a combined 56% share of total imports.

Among the main suppliers, Italy, with a CAGR of +54.3%, saw 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 import price for pasta stuffed with meat, fish and cheese stood at $X per ton in 2022, with an increase of 4.4% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat, fish or cheese pasta import price decreased by -3.7% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 39%. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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