Ecuador: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in Ecuador

The Ecuadorian sugary soft drink market expanded markedly to $X in 2022, with an increase of 5.2% against the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 -4.6% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sugary Soft Drink Production in Ecuador

In value terms, sugary soft drink production expanded notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 -7.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Sugary Soft Drink Exports

Exports from Ecuador

In 2022, the amount of sugary soft drinks exported from Ecuador surged to X litres, growing by 58% compared with 2021. Over the period under review, exports, however, showed a pronounced decrease. The growth pace was the most rapid in 2017 when exports increased by 1,471% against the previous year. As a result, the exports reached the peak of X litres. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, sugary soft drink exports skyrocketed to $X in 2022. Overall, exports, however, showed a perceptible downturn. The growth pace was the most rapid in 2017 with an increase of 829%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Peru (X litres), the United States (X litres) and Colombia (X litres) were the main destinations of sugary soft drink exports from Ecuador, together comprising 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +28.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for sugary soft drink exported from Ecuador were the United States ($X), Peru ($X) and Colombia ($X), with a combined 97% share of total exports.

Colombia, with a CAGR of +26.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average sugary soft drink export price amounted to $X per litre, leveling off at the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 79%. As a result, the export price attained the peak level of $X per litre. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+29.6%), while the prices for the other major destinations experienced more modest paces of growth.

Sugary Soft Drink Imports

Imports into Ecuador

After five years of growth, purchases abroad of sugary soft drinks decreased by -29.9% to X litres in 2022. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 150% against the previous year. As a result, imports attained the peak of X litres, and then shrank significantly in the following year.

In value terms, sugary soft drink imports declined markedly to $X in 2022. In general, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 154%. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2022, Colombia (X litres) constituted the largest supplier of sugary soft drink to Ecuador, accounting for a 65% share of total imports. Moreover, sugary soft drink imports from Colombia exceeded the figures recorded by the second-largest supplier, Austria (X litres), sevenfold. Trinidad and Tobago (X litres) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from Colombia stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+12.9% per year) and Trinidad and Tobago (+48.7% per year).

In value terms, Colombia ($X) constituted the largest supplier of sugary soft drinks to Ecuador, comprising 57% of total imports. The second position in the ranking was held by Austria ($X), with a 17% share of total imports. It was followed by Trinidad and Tobago, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Colombia stood at +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+20.6% per year) and Trinidad and Tobago (+44.5% per year).

Import Prices by Country

The average sugary soft drink import price stood at $X per litre in 2022, approximately mirroring the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 26% against the previous year. As a result, import price attained the peak level of $X per litre. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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