Ecuador: Preserved Turkey Market 2025

Preserved Turkey Market Size in Ecuador

After three years of growth, the Ecuadorian preserved turkey market decreased by -1.8% to $X in 2021. Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +68.0% against 2015 indices. Preserved turkey consumption peaked at $X in 2020, and then contracted slightly in the following year.

Preserved Turkey Production in Ecuador

In value terms, preserved turkey production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +74.8% against 2015 indices. The pace of growth appeared the most rapid in 2016 with an increase of 28%. Over the period under review, production reached the maximum level at $X in 2020, and then reduced modestly in the following year.

Preserved Turkey Exports

Exports from Ecuador

In 2018, after three years of decline, there was decline in shipments abroad of prepared or preserved meat or offal of turkeys, when their volume decreased by 0% to X tons. Over the period under review, exports faced a abrupt slump. The smallest decline of -3.4% was in 2015. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2018, the exports stood at a somewhat lower figure.

In value terms, preserved turkey exports amounted to $X in 2018. Overall, exports saw a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 3%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2018, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X tons) was the main destination for preserved turkey exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to Bolivia was relatively modest.

From 2012 to 2018, the average annual rate of growth in terms of value to Bolivia was relatively modest.

Export Prices by Country

In 2018, the average preserved turkey export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price saw a buoyant increase. The pace of growth was the most pronounced in 2015 an increase of 6.6% against the previous year. Over the period under review, the average export prices hit record highs in 2018 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From 2012 to 2018, the rate of growth in terms of prices for Colombia amounted to 0.0% per year.

Preserved Turkey Imports

Imports into Ecuador

In 2021, purchases abroad of prepared or preserved meat or offal of turkeys decreased by -35.4% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2018 with an increase of 879% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, preserved turkey imports shrank notably to $X in 2021. Overall, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2018 when imports increased by 761% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest preserved turkey supplier to Ecuador, with a 52% share of total imports. Moreover, preserved turkey imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+18.8% per year) and Spain (+49.0% per year).

In value terms, the United States ($X) constituted the largest supplier of prepared or preserved meat or offal of turkeys to Ecuador, comprising 76% of total imports. The second position in the ranking was held by Spain ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+41.1% per year) and Chile (-16.9% per year).

Import Prices by Country

The average preserved turkey import price stood at $X per ton in 2021, increasing by 17% against the previous year. Overall, the import price recorded a modest expansion. The growth pace was the most rapid in 2017 when the average import price increased by 39%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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 ($X per ton), while the price for Chile ($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 (+7.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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