Ecuador: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Ecuador

In 2021, the Ecuadorian market for protein concentrates and flavoured or coloured sugar syrups was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -17.3% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Ecuador

In value terms, production of protein concentrates and flavoured or coloured sugar syrups expanded significantly to $X in 2021 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -17.1% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 34%. Production of peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Ecuador

Exports of protein concentrates and flavoured or coloured sugar syrups from Ecuador surged to X tons in 2021, with an increase of 137% against the year before. Overall, exports, however, showed a dramatic decline. Over the period under review, the exports of hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021. In general, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 155%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

The United States (X kg), Panama (X kg) and the Netherlands (X kg) were the main destinations of exports of protein concentrates and flavoured or coloured sugar syrups from Ecuador, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +83.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Panama ($X) and the Netherlands ($X) were the largest markets for protein concentrate and flavoured or coloured sugar syrup exported from Ecuador worldwide, with a combined 99% share of total exports.

The Netherlands, with a CAGR of +161.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, dropping by -14.2% against the previous year. In general, the export price, however, recorded a significant increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 284%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+42.3%).

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Ecuador

In 2021, the amount of protein concentrates and flavoured or coloured sugar syrups imported into Ecuador declined to X tons, which is down by -11% against the previous year. Overall, imports, however, recorded prominent growth. The growth pace was the most rapid in 2017 when imports increased by 73%. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups reduced to $X in 2021. Over the period under review, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by 54%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of protein concentrate and flavoured or coloured sugar syrup to Ecuador, accounting for a 78% share of total imports. Moreover, imports of protein concentrates and flavoured or coloured sugar syrups from Brazil exceeded the figures recorded by the second-largest supplier, Argentina (X tons), eightfold. China (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil amounted to +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+22.7% per year) and China (-4.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of protein concentrates and flavoured or coloured sugar syrups to Ecuador, comprising 67% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by China, with a 7% share.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-7.4% per year) and China (-0.5% per year).

Import Prices by Country

In 2021, the average import price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, waning by -3.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 60%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average 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 the United States ($X per ton), while the price for Argentina ($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 (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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