Ecuador: Green Bean Market 2024

Green Bean Market Size in Ecuador

In 2023, the Ecuadorian green bean market decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. Overall, the total consumption indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. Green bean consumption peaked at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Green Bean Production in Ecuador

In value terms, green bean production expanded significantly to $X in 2023 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

The average yield of green beans in Ecuador fell to X tons per ha in 2023, which is down by X% compared with the year before. Over the period under review, the yield, however, posted resilient growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the average green bean yield attained the peak level at X tons per ha in 2022, and then shrank in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of green beans were harvested in Ecuador; approximately equating the year before. Over the period under review, the harvested area, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to green bean production reached the maximum at X ha in 2012; however, from 2013 to 2023, the harvested area stood at a somewhat lower figure.

Green Bean Exports

Exports from Ecuador

In 2023, the amount of green beans exported from Ecuador declined remarkably to X tons, reducing by X% against the previous year. Over the period under review, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, green bean exports contracted to $X in 2023. Overall, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Germany (X tons) and France (X kg) were the main destinations of green bean exports from Ecuador, together accounting for X% of total exports. These countries were followed by Spain, which accounted for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the United States ($X) emerged as the key foreign market for green beans exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Spain (X% per year).

Export Prices by Country

The average green bean export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Green Bean Imports

Imports into Ecuador

In 2023, approx. X tons of green beans were imported into Ecuador; with an increase of X% compared with the previous year. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, green bean imports soared to $X in 2023. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Spain (X tons) was the main supplier of green bean to Ecuador, with a approx. X% share of total imports.

From 2013 to 2023, the average annual rate of growth in terms of volume from Spain stood at X%.

In value terms, Spain ($X) constituted the largest supplier of green beans to Ecuador.

From 2013 to 2023, the average annual rate of growth in terms of value from Spain stood at X%.

Import Prices by Country

In 2023, the average green bean import price amounted to $X per ton, standing approx. at the previous year. In general, the import price, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2013 to 2023, the rate of growth in terms of prices for Spain amounted to X% per year.

Source: IndexBox Platform