Price for Flours and Meals; of Soya Beans in Ecuador - 2022

Contents:

1. Price for Flours and Meals; of Soya Beans in Ecuador (FOB) - 2022
2. Price for Flours and Meals; of Soya Beans in Ecuador (CIF) - 2022
3. Exports of Flours and Meals; of Soya Beans in Ecuador
4. Imports of Flours and Meals; of Soya Beans in Ecuador

Price for Flours and Meals; of Soya Beans in Ecuador (FOB) - 2022

The average export price for flours and meals; of soya beanses stood at $1,277 per ton in 2022, shrinking by -49.7% against the previous year. In general, the export price showed a pronounced contraction. The pace of growth was the most pronounced in 2018 an increase of 68%. Over the period under review, the average export prices hit record highs at $3,094 per ton in 2019; however, from 2020 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 the United States.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +9.8% per year.

Price for Flours and Meals; of Soya Beans in Ecuador (CIF) - 2022

In 2022, the average import price for flours and meals; of soya beanses amounted to $356 per ton, declining by -10.2% against the previous year. Overall, the import price recorded a perceptible decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 19% against the previous year. Over the period under review, average import prices hit record highs at $529 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, 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 the United States amounted to -3.6% per year.

Exports of Flours and Meals; of Soya Beans in Ecuador

In 2022, shipments abroad of flours and meals; of soya beanses decreased by -81.7% to 47 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports recorded a significant decline. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. As a result, the exports attained the peak of 257 kg, and then dropped sharply in the following year.

In value terms, exports of flours and meals; of soya beanses reduced notably to $60 in 2022. In general, exports faced a dramatic contraction. The pace of growth was the most pronounced in 2021 when exports increased by 15%. As a result, the exports attained the peak of $652, and then dropped remarkably in the following year.

Top Export Markets for Flours and Meals; of Soya Beans from Ecuador in 2022:

1. United States (47.0 kg)

Imports of Flours and Meals; of Soya Beans in Ecuador

In 2022, approx. 13K tons of flours and meals; of soya beanses were imported into Ecuador; rising by 39% on the year before. Over the period under review, imports posted prominent growth. The pace of growth was the most pronounced in 2020 when imports increased by 115%. As a result, imports attained the peak of 16K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of flours and meals; of soya beanses skyrocketed to $4.5M in 2022. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 106% against the previous year. As a result, imports reached the peak of $5.3M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Flours and Meals; of Soya Beans to Ecuador in 2022:

1. United States (12.5K tons)

Source: IndexBox Market Intelligence Platform