Ecuador: Sausage Market 2024

Sausage Market Size in Ecuador

After four years of growth, the Ecuadorian sausage market decreased by -5.7% to $X in 2021. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Sausage consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Sausage Production in Ecuador

In value terms, sausage production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 60% against the previous year. Sausage production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Sausage Exports

Exports from Ecuador

In 2021, overseas shipments of sausages and similar products of meat decreased by -46.2% to X kg, falling for the third year in a row after two years of growth. In general, exports faced a precipitous setback. The pace of growth appeared the most rapid in 2017 with an increase of 164%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, sausage exports reduced markedly to $X in 2021. Overall, exports faced a significant curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 239% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia (X kg) was the main destination for sausage exports from Ecuador, accounting for a 98% share of total exports. It was followed by Ireland (X kg), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia totaled -30.2%.

In value terms, Colombia ($X) remains the key foreign market for sausages and similar products of meat exports from Ecuador, comprising 65% of total exports. The second position in the ranking was held by Ireland ($X), with a 23% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Colombia stood at -31.0%.

Export Prices by Country

In 2021, the average sausage export price amounted to $X per ton, declining by -9.4% against the previous year. Overall, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sausage export price decreased by -18.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 72%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Colombia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+32.5%).

Sausage Imports

Imports into Ecuador

In 2021, approx. X tons of sausages and similar products of meat were imported into Ecuador; rising by 70% compared with the year before. Over the period under review, imports showed a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 161%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, sausage imports soared to $X in 2021. Overall, imports saw strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 160% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Spain (X tons) constituted the largest sausage supplier to Ecuador, with a 66% share of total imports. Moreover, sausage imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +42.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-9.2% per year) and Chile (+12.9% per year).

In value terms, Spain ($X) constituted the largest supplier of sausages and similar products of meat to Ecuador, comprising 84% of total imports. The second position in the ranking was taken by the United States ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +37.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.8% per year) and Chile (+3.1% per year).

Import Prices by Country

In 2021, the average sausage import price amounted to $X per ton, increasing by 2.2% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 7.6% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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