Ecuador: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Ecuador

After three years of decline, the Ecuadorian primary fiber crops market increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Primary Fiber Crops Production in Ecuador

In value terms, primary fiber crops production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Primary Fiber Crops Exports

Exports from Ecuador

In 2022, overseas shipments of fiber crops (primary) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, primary fiber crops exports shrank dramatically to $X in 2022. Over the period under review, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

The UK (X tons), the Philippines (X tons) and Japan (X tons) were the main destinations of primary fiber crops exports from Ecuador, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the UK ($X), the Philippines ($X) and Japan ($X) were the largest markets for primary fiber crops exported from Ecuador worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the UK, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average primary fiber crops export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, primary fiber crops export price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and the Philippines ($X per ton), while the average price for exports to Spain ($X per ton) and the UK ($X per ton) were amongst the lowest.

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

Primary Fiber Crops Imports

Imports into Ecuador

In 2022, overseas purchases of fiber crops (primary) increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, primary fiber crops imports skyrocketed to $X in 2022. Overall, imports recorded a notable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest primary fiber crops supplier to Ecuador, with a X% share of total imports. Moreover, primary fiber crops imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. The third position in this ranking was taken by Uruguay (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Uruguay (X% per year).

In value terms, the United States ($X) constituted the largest supplier of fiber crops (primary) to Ecuador, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by Uruguay, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Uruguay (X% per year).

Import Prices by Country

In 2022, the average primary fiber crops import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, primary fiber crops import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Peru ($X per ton) and Mexico ($X per ton), while the price for the United States ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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