Ecuador: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Ecuador

In 2021, after two years of growth, there was decline in the Ecuadorian market for peel of citrus fruit or melons, when its value decreased by -2.5% to $X. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020, and then reduced slightly in the following year.

Production of Peel Of Citrus Fruit Or Melons in Ecuador

In value terms, citrus fruit or melons peel production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by 54%. Citrus fruit or melons peel production peaked at $X in 2020, and then reduced in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports from Ecuador

For the ninth consecutive year, Ecuador recorded decline in overseas shipments of peel of citrus fruit or melons, which decreased by -10.8% to X kg in 2021. Over the period under review, exports saw a precipitous decline. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, citrus fruit or melons peel exports contracted to $X in 2021. In general, exports showed a precipitous decline. The smallest decline of -11.4% was in 2019. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for citrus fruit or melons peel exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -24.0%.

In value terms, the United States ($X) also remains the key foreign market for peel of citrus fruit or melons exports from Ecuador.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -18.7%.

Export Prices by Country

In 2021, the average export price for peel of citrus fruit or melons amounted to $X per ton, remaining stable against the previous year. In general, the export price, however, posted a resilient expansion. The growth pace was the most rapid in 2013 when the average export price increased by 85%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat 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 2021, the rate of growth in terms of prices for the United States amounted to +7.0% per year.

Imports of Peel Of Citrus Fruit Or Melons

Imports into Ecuador

In 2021, purchases abroad of peel of citrus fruit or melons increased by 630% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 20,625% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, citrus fruit or melons peel imports reduced to $X in 2021. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 9,232% against the previous year. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2021, France (X tons) was the main supplier of citrus fruit or melons peel to Ecuador, with a 97% share of total imports. It was followed by Spain (X kg), with a 0.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +138.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+67.6% per year) and the United States (-37.9% per year).

In value terms, France ($X) constituted the largest supplier of peel of citrus fruit or melons to Ecuador, comprising 48% of total imports. The second position in the ranking was taken by the United States ($X), with a 2.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from France stood at +136.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-17.8% per year) and Spain (+78.2% per year).

Import Prices by Country

The average import price for peel of citrus fruit or melons stood at $X per ton in 2021, waning by -87.5% against the previous year. Over the period under review, the import price continues to indicate a dramatic downturn. The growth pace was the most rapid in 2019 an increase of 171% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+32.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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