Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ecuador - 2022

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ecuador (FOB) - 2022
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ecuador (CIF) - 2022
3. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ecuador
4. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ecuador

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ecuador (FOB) - 2022

The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,859 per ton in 2022, surging by 10% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for liquid margarine and edible mixtures of animal or vegetable fats increased by +70.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 50%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($2,988 per ton), while the average price for exports to the United States ($1,540 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 Argentina (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ecuador (CIF) - 2022

In 2022, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,846 per ton, surging by 24% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for liquid margarine and edible mixtures of animal or vegetable fats increased by +61.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 33%. Over the period under review, average import prices attained the peak figure at $1,967 per ton in 2018; however, from 2019 to 2022, 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 Spain ($5,614 per ton), while the price for Brazil ($1,239 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ecuador

In 2022, the amount of liquid margarine and edible mixtures of animal or vegetable fats exported from Ecuador soared to 6.3K tons, increasing by 91% on the previous year. Over the period under review, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats surged to $12M in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Ecuador in 2022:

1. United States (2883.9 tons)
2. Panama (1590.3 tons)
3. Argentina (736.9 tons)
4. Chile (659.2 tons)
5. Bolivia (193.8 tons)
6. Peru (154.1 tons)
7. Colombia (7.5 tons)

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ecuador

After three years of growth, overseas purchases of liquid margarine and edible mixtures of animal or vegetable fats decreased by -93.3% to 260 tons in 2022. Overall, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 238%.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats declined markedly to $481K in 2022. Over the period under review, imports recorded a precipitous curtailment. The pace of growth was the most pronounced in 2020 with an increase of 184%.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Ecuador in 2022:

1. United States (145.8 tons)
2. Bolivia (44.0 tons)
3. Mexico (30.5 tons)
4. Brazil (25.3 tons)
5. Spain (10.2 tons)

Source: IndexBox Market Intelligence Platform