Ecuador: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Ecuador

The Ecuadorian mixed fertilizer market contracted notably to $X in 2022, shrinking by X% against the previous year. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. As a result, consumption attained the peak level of $X, and then shrank remarkably in the following year.

Mixed Fertilizer Production in Ecuador

In value terms, mixed fertilizer production rose slightly to $X in 2022 estimated in export price. Overall, production, however, saw a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of X%. 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.

Mixed Fertilizer Exports

Exports from Ecuador

In 2022, mixed fertilizer exports from Ecuador soared to X tons, increasing by X% compared with the previous year's figure. Over the period under review, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, mixed fertilizer exports skyrocketed to $X in 2022. In general, exports continue to indicate a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Dominican Republic (X tons), Peru (X tons) and Nicaragua (X tons) were the main destinations of mixed fertilizer exports from Ecuador, with a combined X% share of total exports. Honduras, Colombia, Guatemala, Suriname, Chile and Bolivia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mixed fertilizer exported from Ecuador were the Dominican Republic ($X), Peru ($X) and Honduras ($X), with a combined X% share of total exports.

Honduras, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mixed fertilizer export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed fertilizer export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then dropped rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Fertilizer Imports

Imports into Ecuador

In 2022, the amount of mixed fertilizers imported into Ecuador fell remarkably to X tons, with a decrease of X% compared with the previous year's figure. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined markedly in the following year.

In value terms, mixed fertilizer imports dropped rapidly to $X in 2022. In general, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined remarkably in the following year.

Imports by Country

Russia (X tons), the United States (X tons) and China (X tons) were the main suppliers of mixed fertilizer imports to Ecuador, together accounting for X% of total imports. Norway, Peru, Chile, Colombia, Belgium and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), the United States ($X) and China ($X) constituted the largest mixed fertilizer suppliers to Ecuador, with a combined X% share of total imports.

In terms of the main suppliers, Russia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mixed fertilizer import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed fertilizer import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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