Ecuador: Market for Uncooked Pasta (Not Containing Eggs) 2024

Market Size for Uncooked Pasta (Not Containing Eggs) in Ecuador

In 2021, the Ecuadorian market for uncooked pasta (not containing eggs) decreased by -13.6% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption saw a pronounced decline. Uncooked pasta (not containing eggs) consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Uncooked Pasta (Not Containing Eggs) in Ecuador

In value terms, uncooked pasta (not containing eggs) production shrank to $X in 2021 estimated in export price. In general, production recorded a pronounced contraction. The growth pace was the most rapid in 2020 with an increase of 37% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Uncooked Pasta (Not Containing Eggs)

Exports from Ecuador

In 2021, shipments abroad of uncooked pasta (not containing eggs) decreased by -3.5% to X tons, falling for the third consecutive year after seven years of growth. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 282%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, uncooked pasta (not containing eggs) exports rose slightly to $X in 2021. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 246%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons) was the main destination for uncooked pasta (not containing eggs) exports from Ecuador, with a 54% share of total exports. Moreover, uncooked pasta (not containing eggs) exports to the United States exceeded the volume sent to the second major destination, Honduras (X tons), threefold. The third position in this ranking was taken by Costa Rica (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +40.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-3.2% per year) and Costa Rica (+29.1% per year).

In value terms, the United States ($X) remains the key foreign market for uncooked pasta (not containing eggs) exports from Ecuador, comprising 62% of total exports. The second position in the ranking was held by Costa Rica ($X), with a 9.3% share of total exports. It was followed by Honduras, with a 9% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +35.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+23.0% per year) and Honduras (+0.2% per year).

Export Prices by Country

In 2021, the average export price for uncooked pasta (not containing eggs) amounted to $X per ton, picking up by 6.4% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The growth pace was the most rapid in 2020 an increase of 9.4% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Spain ($X per ton), while the average price for exports to Honduras ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Uncooked Pasta (Not Containing Eggs)

Imports into Ecuador

In 2021, after two years of growth, there was significant decline in supplies from abroad of uncooked pasta (not containing eggs), when their volume decreased by -13.9% to X tons. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 24%. Over the period under review, imports hit record highs at X tons in 2020, and then declined in the following year.

In value terms, uncooked pasta (not containing eggs) imports dropped to $X in 2021. Overall, imports showed a mild decrease. The most prominent rate of growth was recorded in 2017 with an increase of 29%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Peru (X tons) constituted the largest uncooked pasta (not containing eggs) supplier to Ecuador, accounting for a 79% share of total imports. Moreover, uncooked pasta (not containing eggs) imports from Peru exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Peru totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.0% per year) and Colombia (+48.4% per year).

In value terms, Peru ($X) constituted the largest supplier of uncooked pasta (not containing eggs) to Ecuador, comprising 63% of total imports. The second position in the ranking was taken by Italy ($X), with a 29% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Peru amounted to -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.7% per year) and Colombia (+58.5% per year).

Import Prices by Country

The average import price for uncooked pasta (not containing eggs) stood at $X per ton in 2021, rising by 6.2% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 10% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat 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 Argentina (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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