Flakes; of Potatoes Price in Ecuador - 2022

Flakes; of Potatoes Price in Ecuador (CIF) - 2022

The average flakes; of potatoes import price stood at $1,523 per ton in 2022, declining by -8.2% against the previous year. Overall, the import price recorded a abrupt contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 36%. Over the period under review, average import prices reached the maximum at $3,383 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($2,582 per ton), while the price for Mexico ($1,121 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.1%), while the prices for the other major suppliers experienced a decline.

Flakes; of Potatoes Price in Ecuador (FOB) - 2022

In 2022, the average flakes; of potatoes export price amounted to $1,933 per ton, growing by 2.7% against the previous year. In general, the export price enjoyed strong growth. The growth pace was the most rapid in 2013 when the average export price increased by 110% against the previous year. The export price peaked at $2,201 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +109.4% per year.

Flakes; of Potatoes Imports in Ecuador

In 2022, the amount of flakes; of potatoeses imported into Ecuador soared to 25 tons, surging by 31% against 2021 figures. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 247% against the previous year. As a result, imports reached the peak of 31 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, flakes; of potatoes imports skyrocketed to $38K in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 203%. As a result, imports reached the peak of $44K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Flakes; of Potatoes in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	2.1	5.7	12.7	13.0	83.6%
Belgium	2.6	13.7	4.3	6.6	36.4%
Germany	2.6	6.0	3.7	2.9	3.7%
Chile	0.7	1.9	1.4	2.2	46.5%
Mexico	0.9	2.5	1.6	1.7	23.6%
Spain	1.0	1.2	1.6	1.6	17.0%
Others	4.6	13.1	5.8	9.5	27.3%
Total	14.5	44.0	31.1	37.5	37.3%

Top Suppliers of Flakes; of Potatoes to Ecuador in 2022:

United States (5.9 tons)
Belgium (5.7 tons)
Germany (2.2 tons)
Mexico (1.5 tons)
Chile (0.9 tons)
Spain (0.7 tons)

Flakes; of Potatoes Exports in Ecuador

After two years of decline, shipments abroad of flakes; of potatoeses decreased by -2% to 150 kg in 2022. Over the period under review, exports showed a relatively flat trend pattern.

In value terms, flakes; of potatoes exports stood at $290 in 2022. Overall, exports showed a slight downturn.