Ecuador: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Ecuador

After three years of growth, the Ecuadorian prepared baking powder market decreased by -3.2% to $X in 2022. The market value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted slightly in the following year.

Prepared Baking Powder Production in Ecuador

In value terms, prepared baking powder production expanded rapidly to $X in 2022 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 -6.3% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 43% against the previous year. Prepared baking powder production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Prepared Baking Powder Exports

Exports from Ecuador

In 2022, exports of prepared baking powders from Ecuador surged to X tons, growing by 247% against the previous year's figure. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 1,245% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, prepared baking powder exports soared to $X in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 784% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for prepared baking powder exports from Ecuador, accounting for a 98% share of total exports. It was followed by the United States (X tons), with a 2.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru stood at +37.5%.

In value terms, Peru ($X) remains the key foreign market for prepared baking powders exports from Ecuador, comprising 90% of total exports. The second position in the ranking was held by the United States ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Peru amounted to +35.8%.

Export Prices by Country

In 2022, the average prepared baking powder export price amounted to $X per ton, with a decrease of -5.6% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth was the most pronounced in 2019 an increase of 13%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Peru totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Baking Powder Imports

Imports into Ecuador

In 2022, purchases abroad of prepared baking powders decreased by -7.3% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, saw noticeable growth. The pace of growth was the most pronounced in 2015 when imports increased by 108% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, prepared baking powder imports reduced to $X in 2022. Over the period under review, imports recorded a noticeable slump. The pace of growth appeared the most rapid in 2015 with an increase of 82%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Peru (X tons), Mexico (X tons) and Colombia (X tons) were the main suppliers of prepared baking powder imports to Ecuador, together accounting for 99% of total imports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +6.7%), while purchases for the other leaders experienced a decline.

In value terms, the largest prepared baking powder suppliers to Ecuador were Mexico ($X), Peru ($X) and Colombia ($X), with a combined 98% share of total imports.

In terms of the main suppliers, Peru, with a CAGR of +3.2%, 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 a decline.

Import Prices by Country

The average prepared baking powder import price stood at $X per ton in 2022, with a decrease of -5.8% against the previous year. In general, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 Mexico ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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