Ecuador: Quinoa Market 2025

Quinoa Market Size in Ecuador

In 2021, the Ecuadorian quinoa market decreased by -7.8% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, recorded a modest increase. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Quinoa Production in Ecuador

In value terms, quinoa production dropped notably to $X in 2021 estimated in export price. In general, production, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 139% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

In 2021, the average quinoa yield in Ecuador skyrocketed to X tons per ha, jumping by 22% on 2020 figures. Over the period under review, the yield enjoyed buoyant growth. The pace of growth appeared the most rapid in 2015 when the yield increased by 97% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2016 to 2021, the growth of the average quinoa yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of quinoa production in Ecuador declined markedly to X ha, falling by -25.5% compared with 2020. In general, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 73%. As a result, the harvested area attained the peak level of X ha. From 2016 to 2021, the growth of the quinoa harvested area failed to regain momentum.

Quinoa Exports

Exports from Ecuador

In 2021, the amount of quinoa exported from Ecuador dropped sharply to X tons, declining by -21% compared with the year before. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 562%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, quinoa exports declined rapidly to $X in 2021. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 743%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Israel (X tons), Canada (X tons) and the United States (X tons) were the main destinations of quinoa exports from Ecuador, together comprising 68% of total exports.

From 2013 to 2021, the biggest increases were recorded for Canada (with a CAGR of +97.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Canada ($X) and the United States ($X) constituted the largest markets for quinoa exported from Ecuador worldwide, together accounting for 63% of total exports.

Canada, with a CAGR of +73.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average quinoa export price amounted to $X per ton, waning by -6.4% against the previous year. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 27%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (-0.3%), while the prices for the other major destinations experienced a decline.

Quinoa Imports

Imports into Ecuador

For the fifth consecutive year, Ecuador recorded growth in overseas purchases of quinoa, which increased by 79% to X tons in 2021. Over the period under review, imports, however, saw a deep reduction. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, quinoa imports surged to $X in 2021. In general, imports, however, continue to indicate a abrupt shrinkage. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Peru (X tons) was the main quinoa supplier to Ecuador, accounting for a approx. 100% share of total imports.

From 2013 to 2021, the average annual growth rate of volume from Peru stood at -9.9%.

In value terms, Peru ($X) constituted the largest supplier of quinoa to Ecuador.

From 2013 to 2021, the average annual growth rate of value from Peru stood at -8.4%.

Import Prices by Country

In 2021, the average quinoa import price amounted to $X per ton, with a decrease of -17.8% against the previous year. Over the period under review, the import price, however, enjoyed mild growth. The growth pace was the most rapid in 2014 when the average import price increased by 110%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Peru.

From 2013 to 2021, the rate of growth in terms of prices for Peru amounted to +1.7% per year.

Source: IndexBox Platform

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