Ecuador: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Ecuador

In 2020, the Ecuadorian market for processed cheese (excluding grated or powdered) decreased by -X% to $X, falling for the fifth consecutive year after four years of growth. Overall, consumption continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2009 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2010 to 2020, the growth of the market failed to regain the momentum.

Production of Processed cheese (excluding grated or powdered) in Ecuador

In value terms, production of processed cheese (excluding grated or powdered) fell to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2009 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. From 2010 to 2020, production growth remained at a somewhat lower figure.

Exports of Processed cheese (excluding grated or powdered)

Exports from Ecuador

Exports of processed cheese (excluding grated or powdered) from Ecuador amounted to X kg in 2020, leveling off at 2019. Overall, exports recorded a sharp slump. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. As a result, exports attained the peak of X tons. From 2014 to 2020, the growth of exports remained at a lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) amounted to $X in 2020. In general, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. As a result, exports attained the peak of $X. From 2014 to 2020, the growth of exports remained at a lower figure.

Exports by Country

Maldives (X kg) was the main destination for exports of processed cheese (excluding grated or powdered) from Ecuador, with a approx. X% share of total exports.

From 2007 to 2016, the average annual growth rate of volume to Maldives was relatively modest.

From 2007 to 2016, the average annual rate of growth in terms of value to Maldives was relatively modest.

Export Prices by Country

The average export price for processed cheese (excluding grated or powdered) stood at $X per ton in 2016, remaining relatively unchanged against the previous year. Overall, the export price showed a perceptible increase. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per ton. From 2014 to 2016, the growth in terms of the average export prices remained at a somewhat lower figure.

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

From 2007 to 2016, the rate of growth in terms of prices for Maldives amounted to X% per year.

Imports of Processed cheese (excluding grated or powdered)

Imports into Ecuador

In 2020, approx. X tons of processed cheese (excluding grated or powdered) were imported into Ecuador; dropping by -X% against the previous year's figure. In general, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. As a result, imports attained the peak of X tons. From 2009 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) contracted dramatically to $X in 2020. Overall, imports showed a abrupt downturn. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. From 2009 to 2020, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2020, the U.S. (X tons) was the main supplier of processed cheese (excluding grated or powdered) to Ecuador, accounting for a X% share of total imports. Moreover, imports of processed cheese (excluding grated or powdered) from the U.S. exceeded the figures recorded by the second-largest supplier, Morocco (X kg), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from the U.S. totaled -X%.

In value terms, the U.S. ($X) constituted the largest supplier of processed cheese (excluding grated or powdered) to Ecuador, comprising X% of total imports. The second position in the ranking was occupied by Morocco ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. totaled -X%.

Import Prices by Country

The average import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, falling by -X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per ton), while the price for Morocco totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox Platform

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