Ecuador: Processed Meat Market 2024

Processed Meat Market Size in Ecuador

The Ecuadorian processed meat market reached $X in 2022, remaining relatively unchanged against the previous year. Overall, the total consumption indicated a resilient 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 increased by X% against 2016 indices. Processed meat consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Processed Meat Production in Ecuador

In value terms, processed meat production reached $X in 2022 estimated in export price. In general, the total production indicated strong growth 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Processed Meat Exports

Exports from Ecuador

Processed meat exports from Ecuador shrank sharply to X kg in 2022, reducing by X% against the year before. Overall, exports faced a sharp descent. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, processed meat exports shrank remarkably to $X in 2022. Over the period under review, exports recorded a sharp shrinkage. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X kg), Colombia (X kg) and Panama (X kg) were the main destinations of processed meat exports from Ecuador, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the United States ($X) emerged as the key foreign market for processed meat exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Ireland ($X), with an X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (X% per year) and Panama (X% per year).

Export Prices by Country

In 2022, the average processed meat export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price saw a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Processed Meat Imports

Imports into Ecuador

In 2022, supplies from abroad of processed meat increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports posted moderate growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, processed meat imports reached $X in 2022. Over the period under review, imports recorded a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

Bolivia (X tons), the United States (X tons) and Chile (X tons) were the main suppliers of processed meat imports to Ecuador, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bolivia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest processed meat suppliers to Ecuador were Bolivia ($X), the United States ($X) and Spain ($X), with a combined X% share of total imports.

Bolivia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average processed meat import price stood at $X per ton in 2022, remaining stable against the previous year. In general, the import price, however, posted a perceptible expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then declined modestly in the following year.

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

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

Source: IndexBox Platform