Ecuador: Preserved Sweet Corn Market 2024

Preserved Sweet Corn Market Size in Ecuador

The Ecuadorian preserved sweet corn market amounted to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption, however, posted strong growth. Preserved sweet corn consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Preserved Sweet Corn Production in Ecuador

In value terms, preserved sweet corn production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 10% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

In 2022, the average preserved sweet corn yield in Ecuador totaled less than X kg per ha, remaining constant against the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of sweet corn prepared or preserved were harvested in Ecuador; flattening at 2021. In general, the harvested area saw a relatively flat trend pattern.

Preserved Sweet Corn Exports

Exports from Ecuador

In 2022, shipments abroad of sweet corn prepared or preserved was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, faced a precipitous decline. The most prominent rate of growth was recorded in 2018 when exports increased by 292% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, preserved sweet corn exports surged to $X in 2022. In general, exports, however, showed a dramatic downturn. The growth pace was the most rapid in 2018 when exports increased by 273% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Venezuela (X tons) was the main destination for preserved sweet corn exports from Ecuador, with a 51% share of total exports. Moreover, preserved sweet corn exports to Venezuela exceeded the volume sent to the second major destination, Colombia (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Venezuela totaled -35.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-17.7% per year) and France (0.0% per year).

In value terms, Venezuela ($X) remains the key foreign market for sweet corn prepared or preserved exports from Ecuador, comprising 54% of total exports. The second position in the ranking was held by Colombia ($X), with a 10% share of total exports. It was followed by France, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to Venezuela amounted to -36.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-22.8% per year) and France (0.0% per year).

Export Prices by Country

In 2022, the average preserved sweet corn export price amounted to $X per ton, falling by -24% against the previous year. Overall, the export price continues to indicate a mild downturn. The pace of growth was the most pronounced in 2021 an increase of 40%. As a result, the export price reached the peak level of $X per ton, and then dropped markedly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Colombia ($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 Jamaica (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sweet Corn Imports

Imports into Ecuador

In 2022, purchases abroad of sweet corn prepared or preserved was finally on the rise to reach X tons for the first time since 2013, thus ending a eight-year declining trend. In general, imports, however, continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2013 when imports increased by 58% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, preserved sweet corn imports expanded sharply to $X in 2022. Overall, imports, however, continue to indicate a sharp downturn. The pace of growth appeared the most rapid in 2013 with an increase of 85%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Peru (X tons) constituted the largest supplier of preserved sweet corn to Ecuador, accounting for a 66% share of total imports. Moreover, preserved sweet corn imports from Peru exceeded the figures recorded by the second-largest supplier, Thailand (X kg), fivefold. The United States (X kg) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from Peru amounted to -36.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-31.1% per year) and the United States (-14.7% per year).

In value terms, Peru ($X) constituted the largest supplier of sweet corn prepared or preserved to Ecuador, comprising 46% of total imports. The second position in the ranking was taken by Thailand ($X), with a 23% share of total imports. It was followed by the United States, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Peru totaled -36.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-31.8% per year) and the United States (-16.2% per year).

Import Prices by Country

The average preserved sweet corn import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 17% against the previous year. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

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 Spain ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :