Report Update Nov 1, 2024

Ecuador - Soups and Broths - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Soups Market 2024

Soups Market Size in Ecuador

The Ecuadorian soups market amounted to $X in 2021, approximately reflecting the previous year. Over the period under review, consumption, however, showed a remarkable increase. Soups consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Soups Production in Ecuador

In value terms, soups production stood at $X in 2021 estimated in export price. In general, production, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 53%. Soups production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Soups Exports

Exports from Ecuador

Soups exports from Ecuador contracted to X tons in 2021, which is down by -10.8% on 2020. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 58%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, soups exports fell markedly to $X in 2021. Overall, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by 288% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for soups exports from Ecuador, with a 97% share of total exports. It was followed by Costa Rica (X kg), with a 1.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) remains the key foreign market for soups and broths exports from Ecuador, comprising 91% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 6.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +10.1%.

Export Prices by Country

The average soups export price stood at $X per ton in 2021, with a decrease of -40.8% against the previous year. In general, the export price, however, posted resilient growth. The growth pace was the most rapid in 2017 an increase of 146%. The export price peaked at $X per ton in 2019; however, from 2020 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 Costa Rica ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+14.7%), while the prices for the other major destinations experienced mixed trend patterns.

Soups Imports

Imports into Ecuador

In 2021, supplies from abroad of soups and broths decreased by -7% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2013 when imports increased by 80% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, soups imports expanded notably to $X in 2021. In general, imports showed a deep downturn. The growth pace was the most rapid in 2013 when imports increased by 92%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Colombia (X tons), the United States (X tons) and China (X tons) were the main suppliers of soups imports to Ecuador, together accounting for 68% of total imports. Spain, South Korea, Chile, Italy and Peru lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +197.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) constituted the largest supplier of soups and broths to Ecuador, comprising 37% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by China, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Colombia amounted to -16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.8% per year) and China (+87.6% per year).

Import Prices by Country

In 2021, the average soups import price amounted to $X per ton, increasing by 13% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soups and broths in the world?

The countries with the highest volumes of soups consumption in 2021 were China, the United States and India, with a combined 31% share of global consumption. These countries were followed by Japan, Russia, the UK, Brazil, France, Indonesia, Pakistan, Nigeria, Bangladesh and Spain, which together accounted for a further 27%.

What are the largest producers of soups and broths in the world?

The countries with the highest volumes of soups production in 2021 were China, the United States and India, together comprising 32% of global production. Japan, Russia, the UK, Brazil, Spain, Indonesia, Pakistan, France, Nigeria and Bangladesh lagged somewhat behind, together accounting for a further 27%.

What are the leading suppliers of soups and broths to Ecuador?

In value terms, Colombia constituted the largest supplier of soups to Ecuador, comprising 37% of total imports. The second position in the ranking was occupied by the United States, with an 18% share of total imports. It was followed by China, with a 9.3% share.

What are the leading importers of soups and broths from Ecuador?

In value terms, the United States remains the key foreign market for soups exports from Ecuador, comprising 91% of total exports. The second position in the ranking was occupied by Costa Rica, with a 6.1% share of total exports.

What is the average export price for soups and broths in Ecuador?

The average soups export price stood at $3,074 per ton in 2021, with a decrease of -25.4% against the previous year.

What is the average import price for soups and broths in Ecuador?

In 2021, the average soups import price amounted to $2,513 per ton, which is down by -24% against the previous year.

This report provides an in-depth analysis of the soups market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10891100 - Soups and broths and preparations therefor

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023