Ecuador: Tobacco Market 2024

Tobacco Market Size in Ecuador

In 2021, the Ecuadorian tobacco market decreased by -11.9% to $X, falling for the second year in a row after two years of growth. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Tobacco Production in Ecuador

In value terms, tobacco production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 with an increase of 25% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Tobacco Exports

Exports from Ecuador

In 2021, overseas shipments of tobacco (smoking tobacco, chewing tobacco, snuff) increased by 775% to X tons, rising for the second year in a row after two years of decline. In general, exports posted a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 2,825% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, tobacco exports soared to $X in 2021. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,895% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Argentina (X tons) was the main destination for tobacco exports from Ecuador, with a 90% share of total exports. Moreover, tobacco exports to Argentina exceeded the volume sent to the second major destination, Nicaragua (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Argentina totaled +2,301.0%.

In value terms, Argentina ($X) emerged as the key foreign market for tobacco (smoking tobacco, chewing tobacco, snuff) exports from Ecuador, comprising 95% of total exports. The second position in the ranking was held by Nicaragua ($X), with a 4.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Argentina stood at +2,124.7%.

Export Prices by Country

The average tobacco export price stood at $X per ton in 2021, with an increase of 109% against the previous year. In general, the export price, however, saw a slight downturn. The export price peaked at $X per ton in 2015; however, from 2016 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 Argentina ($X per ton), while the average price for exports to Nicaragua amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (-3.8%), while the prices for the other major destinations experienced a decline.

Tobacco Imports

Imports into Ecuador

In 2021, overseas purchases of tobacco (smoking tobacco, chewing tobacco, snuff) decreased by -66.6% to X tons, falling for the second consecutive year after two years of growth. In general, imports showed a perceptible slump. The most prominent rate of growth was recorded in 2019 with an increase of 187%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, tobacco imports dropped significantly to $X in 2021. Overall, imports recorded a deep setback. The pace of growth was the most pronounced in 2019 when imports increased by 171%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of tobacco to Ecuador, accounting for a 86% share of total imports. Moreover, tobacco imports from Brazil exceeded the figures recorded by the second-largest supplier, Egypt (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+0.6% per year) and India (+16.6% per year).

In value terms, Brazil ($X) constituted the largest supplier of tobacco (smoking tobacco, chewing tobacco, snuff) to Ecuador, comprising 75% of total imports. The second position in the ranking was held by India ($X), with an 8.7% share of total imports. It was followed by Egypt, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from Brazil totaled -11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+18.4% per year) and Egypt (-1.2% per year).

Import Prices by Country

The average tobacco import price stood at $X per ton in 2021, falling by -22.8% against the previous year. Overall, the import price recorded a deep setback. The growth pace was the most rapid in 2013 when the average import price increased by 16%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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