Report Update Nov 1, 2024

Ecuador - Wheat and Meslin Flour - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Ecuador: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Ecuador

The Ecuadorian wheat and meslin flour market stood at $X in 2022, leveling off at the previous year. Over the period under review, consumption enjoyed a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Wheat and Meslin Flour in Ecuador

In value terms, wheat and meslin flour production rose slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 49% against the previous year. Wheat and meslin flour production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Wheat and Meslin Flour

Exports from Ecuador

In 2022, the amount of wheat and meslin flour exported from Ecuador surged to X tons, rising by 34% compared with the year before. Overall, exports posted slight growth. The growth pace was the most rapid in 2020 with an increase of 109% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, wheat and meslin flour exports soared to $X in 2022. In general, exports posted a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 102% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for wheat and meslin flour exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +1.9%.

In value terms, the United States ($X) also remains the key foreign market for wheat and meslin flour exports from Ecuador.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +8.2%.

Export Prices by Country

The average wheat and meslin flour export price stood at $X per ton in 2022, shrinking by -3.8% against the previous year. Over the period under review, the export price, however, posted strong growth. The pace of growth appeared the most rapid in 2018 an increase of 44% against the previous year. The export price peaked at $X per ton in 2021, and then reduced in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Venezuela amounted to +53.0% per year.

Imports of Wheat and Meslin Flour

Imports into Ecuador

In 2022, overseas purchases of wheat and meslin flour increased by 4.6% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 397%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, wheat and meslin flour imports rose modestly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 364% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Peru (X tons) constituted the largest supplier of wheat and meslin flour to Ecuador, accounting for a 51% share of total imports. Moreover, wheat and meslin flour imports from Peru exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Argentina (X tons) ranked third in terms of total imports with a 20% share.

From 2012 to 2022, the average annual growth rate of volume from Peru stood at +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+12.1% per year) and Argentina (-6.9% per year).

In value terms, Peru ($X) constituted the largest supplier of wheat and meslin flour to Ecuador, comprising 51% of total imports. The second position in the ranking was taken by Turkey ($X), with a 19% share of total imports. It was followed by Argentina, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from Peru stood at +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+11.3% per year) and Argentina (-8.3% per year).

Import Prices by Country

In 2022, the average wheat and meslin flour import price amounted to $X per ton, falling by -2.9% against the previous year. Overall, the import price recorded a slight slump. The pace of growth appeared the most rapid in 2014 an increase of 323% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, 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 the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cuba (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wheat and meslin flour in the world?

China remains the largest wheat and meslin flour consuming country worldwide, comprising approx. 23% of total volume. Moreover, wheat and meslin flour consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. Russia ranked third in terms of total consumption with a 3.1% share.

What are the largest producers of wheat and meslin flour in the world?

China remains the largest wheat and meslin flour producing country worldwide, comprising approx. 23% of total volume. Moreover, wheat and meslin flour production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. The third position in this ranking was occupied by Turkey, with a 3.7% share.

What are the leading suppliers of wheat and meslin flour to Ecuador?

In value terms, Peru constituted the largest supplier of wheat and meslin flour to Ecuador, comprising 78% of total imports. The second position in the ranking was occupied by Argentina, with a 14% share of total imports.

What are the leading importers of wheat and meslin flour from Ecuador?

In value terms, the United States remains the key foreign market for wheat and meslin flour exports from Ecuador, comprising 92% of total exports. The second position in the ranking was occupied by Peru, with a 5.9% share of total exports.

What is the average export price for wheat and meslin flour in Ecuador?

In 2021, the average wheat and meslin flour export price amounted to $1,494 per ton, with an increase of 18% against the previous year.

What is the average import price for wheat and meslin flour in Ecuador?

The average wheat and meslin flour import price stood at $462 per ton in 2021, increasing by 5.9% against the previous year.

This report provides an in-depth analysis of the market for wheat and meslin flour in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 16 - Flour of Wheat

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023