Ecuador - Beef (Cattle Meat) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBeef Price in Ecuador - 2022
Contents:
- Beef Price in Ecuador (CIF) - 2022
- Beef Price in Ecuador (FOB) - 2022
- Beef Imports in Ecuador
- Beef Exports in Ecuador
Beef Price in Ecuador (CIF) - 2022
In January 2022, the average beef import price amounted to $12,918 per ton, picking up by 3.9% against the previous month. Over the period under review, import price indicated a modest expansion from January 2021 to January 2022: its price increased at an average monthly rate of +1.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, beef import price increased by +19.3% against November 2021 indices. The pace of growth was the most pronounced in June 2021 an increase of 51% against the previous month. Over the period under review, average import prices hit record highs in January 2022.
Average prices varied somewhat amongst the major supplying countries. In January 2022, the country with the highest price was Uruguay ($14,043 per ton), while the price for the United States ($11,033 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Beef Price in Ecuador (FOB) - 2022
In 2022, the average beef export price amounted to $8,596 per ton, declining by -5.2% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 26% against the previous year. The export price peaked at $9,071 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($9,653 per ton), while the average price for exports to Slovenia totaled $4,112 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+1.1%).
Beef Imports in Ecuador
In 2022, overseas purchases of beef (cattle meat) decreased by -7.6% to 951 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +18.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 53% against the previous year.
In value terms, beef imports dropped to $4.5M in 2022. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 68% against the previous year.
Import of Beef in Ecuador (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Uruguay | 0.8 | 1.4 | 2.1 | 2.3 | 42.2% |
United States | 1.3 | 1.9 | 2.4 | 1.5 | 4.9% |
Argentina | 0.2 | 0.5 | 0.5 | 0.6 | 44.2% |
Bolivia | N/A | N/A | N/A | 0.1 | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 2.3 | 3.8 | 5.2 | 4.5 | 25.1% |
Top Suppliers of Beef to Ecuador in 2022:
- Uruguay (478.9 tons)
- United States (360.3 tons)
- Argentina (61.2 tons)
- Bolivia (43.5 tons)
Beef Exports in Ecuador
In 2022, the amount of beef (cattle meat) exported from Ecuador skyrocketed to 2.8 tons, surging by 26% on the previous year's figure. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 204%. As a result, the exports reached the peak of 3.4 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, beef exports skyrocketed to $24K in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 254%. As a result, the exports reached the peak of $28K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Beef in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Maldives | 0.7 | 0.7 | 0.9 | 0.5 | -10.6% |
Slovenia | 6.4 | 26.9 | N/A | 0.3 | -63.9% |
Trinidad and Tobago | N/A | N/A | 18.6 | N/A | 0% |
Others | 0.9 | 0.5 | 0.9 | 23.4 | 196.2% |
Total | 7.9 | 28.1 | 20.3 | 24.2 | 45.2% |
Top Export Markets for Beef from Ecuador in 2022:
- Slovenia (80.0 kg)
- Maldives (49.0 kg)
This report provides an in-depth analysis of the beef market 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 947 - Buffalo meat
- FCL 867 - Meat of cattle
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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