Ecuador: Turkey Meat Market 2025

Turkey Meat Market Size in Ecuador

After four years of growth, the Ecuadorian turkey meat market decreased by -4.2% to $X in 2022. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +33.2% against 2017 indices. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Turkey Meat Production in Ecuador

In value terms, turkey meat production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 64% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of turkey meat in Ecuador was estimated at X kg per head, approximately mirroring the previous year. Over the period under review, the yield indicated buoyant growth from 2012 to 2022: its figure increased at an average annual rate of +9.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, turkey meat yield decreased by -11.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 150% against the previous year. Over the period under review, the average turkey meat yield attained the peak level at X kg per head in 2019; however, from 2020 to 2022, the yield remained at a lower figure.

In 2022, approx. X heads of animals slaughtered for turkey meat production in Ecuador; with a decrease of -21.3% on the previous year's figure. Overall, the total number of producing animals indicated a mild increase from 2012 to 2022: its figure increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, number of animals slaughtered for turkey meat production increased by +37.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the number of producing animals increased by 74%. As a result, the amount of animals produced reached the peak level of X heads, and then contracted significantly in the following year.

Turkey Meat Exports

Exports from Ecuador

In 2022, shipments abroad of turkey meat was finally on the rise to reach X kg after two years of decline. Over the period under review, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of 636%. The exports peaked at X kg in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, turkey meat exports contracted to $X in 2022. In general, exports recorded resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 563% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Maldives (X kg) was the main destination for turkey meat exports from Ecuador, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives amounted to -8.9%.

In value terms, Maldives ($X) also remains the key foreign market for turkey meat exports from Ecuador.

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives totaled +5.6%.

Export Prices by Country

In 2022, the average turkey meat export price amounted to $X per ton, falling by -18.3% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 an increase of 106%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then dropped rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +15.8% per year.

Turkey Meat Imports

Imports into Ecuador

In 2022, approx. X tons of turkey meat were imported into Ecuador; reducing by -16.4% compared with 2021. Over the period under review, imports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 130% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, turkey meat imports fell remarkably to $X in 2022. Overall, imports showed a dramatic setback. The growth pace was the most rapid in 2021 with an increase of 59%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Peru (X tons) constituted the largest supplier of turkey meat to Ecuador, accounting for a 80% share of total imports. Moreover, turkey meat imports from Peru exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Peru totaled -29.1%.

In value terms, Peru ($X) and the United States ($X) appeared to be the largest turkey meat suppliers to Ecuador.

The United States, with a CAGR of -22.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average turkey meat import price stood at $X per ton in 2022, which is down by -2.6% against the previous year. Over the period under review, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2020 an increase of 27%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 the United States ($X per ton), while the price for Peru stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.4%).

Source: IndexBox Platform

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