Ecuador: Potato Chips Market 2025

Potato Chips Market Size in Ecuador

The Ecuadorian potato chips market rose slightly to $X in 2022, with an increase of 2.6% against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.4% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Potato Chips Production in Ecuador

In value terms, potato chips production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2022: its value 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, production decreased by -2.5% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 38%. 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.

Potato Chips Exports

Exports from Ecuador

In 2022, the amount of potato chips exported from Ecuador shrank modestly to X tons, which is down by -3.8% against 2021. Over the period under review, exports, however, posted a slight expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 130% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, potato chips exports fell to $X in 2022. In general, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 237% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X tons) was the main destination for potato chips exports from Ecuador, accounting for a 28% share of total exports. Moreover, potato chips exports to Panama exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. Chile (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Panama stood at +79.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+55.2% per year) and Chile (+46.6% per year).

In value terms, the largest markets for potato chips exported from Ecuador were Panama ($X), Saudi Arabia ($X) and Chile ($X), with a combined 57% share of total exports.

Panama, with a CAGR of +82.5%, recorded the highest growth rate of the value of exports, among 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 potato chips export price stood at $X per ton in 2022, declining by -1.9% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potato chips export price increased by +39.0% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 46% against the previous year. The export price peaked at $X per ton in 2021, and then shrank slightly 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 Peru ($X per ton), while the average price for exports to Saint Vincent and the Grenadines ($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 Peru (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Chips Imports

Imports into Ecuador

In 2022, after four years of growth, there was significant decline in overseas purchases of potato chips, when their volume decreased by -25.7% to X tons. Overall, imports recorded a perceptible descent. The most prominent rate of growth was recorded in 2018 with an increase of 182% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, potato chips imports fell markedly to $X in 2022. Over the period under review, imports saw a pronounced decrease. The pace of growth was the most pronounced in 2018 when imports increased by 339%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Chile (X tons) and Malaysia (X tons) were the main suppliers of potato chips imports to Ecuador, with a combined 70% share of total imports. The United States, Colombia, Spain and Mexico lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +149.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest potato chips suppliers to Ecuador were Chile ($X), Germany ($X) and Malaysia ($X), together accounting for 68% of total imports. Colombia, Spain, the United States and Mexico lagged somewhat behind, together accounting for a further 32%.

Spain, with a CAGR of +208.1%, recorded 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 more modest paces of growth.

Import Prices by Country

The average potato chips import price stood at $X per ton in 2022, approximately equating the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 56%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then contracted slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :