Ecuador: Plum And Sloe Market 2025

Plum And Sloe Market Size in Ecuador

In 2022, the Ecuadorian plum and sloe market was finally on the rise to reach $X after two years of decline. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Plum And Sloe Production in Ecuador

In value terms, plum and sloe production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 95%. Plum and sloe production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

In 2022, the average plum and sloe yield in Ecuador reached X tons per ha, approximately equating the previous year. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the yield increased by 3.8%. Over the period under review, the average plum and sloe yield reached the peak level at X tons per ha in 2020; afterwards, it flattened through to 2022. 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 plums and sloes production in Ecuador declined to X ha, remaining constant against 2021 figures. Overall, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the harvested area increased by 1.6% against the previous year. The plum and sloe harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Plum And Sloe Exports

Exports from Ecuador

After two years of growth, overseas shipments of plums and sloes decreased by -19.8% to X tons in 2022. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 352% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, plum and sloe exports contracted rapidly to $X in 2022. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 428%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for plum and sloe exports from Ecuador, accounting for a 81% share of total exports. Moreover, plum and sloe exports to Russia exceeded the volume sent to the second major destination, France (X kg), more than tenfold. Colombia (X kg) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled +63.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+26.6% per year) and Colombia (-14.8% per year).

In value terms, Russia ($X) remains the key foreign market for plums and sloes exports from Ecuador, comprising 44% of total exports. The second position in the ranking was taken by France ($X), with a 21% share of total exports. It was followed by the United States, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at +66.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+34.0% per year) and the United States (+8.3% per year).

Export Prices by Country

The average plum and sloe export price stood at $X per ton in 2022, falling by -5% against the previous year. In general, the export price, however, posted a temperate expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 94%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Russia ($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 Colombia (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plum And Sloe Imports

Imports into Ecuador

In 2022, supplies from abroad of plums and sloes was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of 90% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, plum and sloe imports expanded significantly to $X in 2022. Overall, imports, however, showed a perceptible decline. The growth pace was the most rapid in 2018 when imports increased by 143% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Chile (X tons) constituted the largest plum and sloe supplier to Ecuador, with a 54% share of total imports. Moreover, plum and sloe imports from Chile exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Chile stood at -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-1.0% per year) and the United States (-16.1% per year).

In value terms, Chile ($X), Spain ($X) and the United States ($X) were the largest plum and sloe suppliers to Ecuador, with a combined 74% share of total imports.

Spain, with a CAGR of +3.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average plum and sloe import price amounted to $X per ton, approximately reflecting the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 37% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :