Ecuador: Root And Tuber Market 2024

Root And Tuber Market Size in Ecuador

The Ecuadorian root and tuber market amounted to $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated a notable expansion 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, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Root And Tuber Production in Ecuador

In value terms, root and tuber production dropped to $X in 2022 estimated in export price. In general, the total production indicated a remarkable increase 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 increased by X% against 2018 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

The average yield of roots and tubers in Ecuador expanded notably to X tons per ha in 2022, growing by X% on the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the average root and tuber yield reached the maximum level at X tons per ha in 2020; however, from 2021 to 2022, the yield stood 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 2022, approx. X ha of roots and tubers were harvested in Ecuador; growing by X% on 2021. Over the period under review, the harvested area, however, continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the root and tuber harvested area failed to regain momentum.

Root And Tuber Exports

Exports from Ecuador

In 2022, shipments abroad of roots and tubers decreased by X% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, root and tuber exports surged to $X in 2022. Overall, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for root and tuber exports from Ecuador, accounting for a X% share of total exports. It was followed by Spain (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%.

In value terms, the United States ($X) remains the key foreign market for roots and tubers exports from Ecuador, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%.

Export Prices by Country

In 2022, the average root and tuber export price amounted to $X per ton, jumping by X% against the previous year. In general, export price indicated a noticeable 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, root and tuber export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%).

Root And Tuber Imports

Imports into Ecuador

In 2022, after two years of growth, there was significant decline in supplies from abroad of roots and tubers, when their volume decreased by X% to X tons. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then fell dramatically in the following year.

In value terms, root and tuber imports plummeted to $X in 2022. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

In 2022, Peru (X tons) was the main supplier of root and tuber to Ecuador, accounting for a X% share of total imports. Moreover, root and tuber imports from Peru exceeded the figures recorded by the second-largest supplier, Colombia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Peru stood at X%.

In value terms, Peru ($X) constituted the largest supplier of roots and tubers to Ecuador, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Peru amounted to X%.

Import Prices by Country

In 2022, the average root and tuber import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Peru stood at $X per ton.

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

Source: IndexBox Platform

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