Ecuador: Green Peas Market 2024

Green Peas Market Size in Ecuador

In 2023, after two years of decline, there was significant growth in the Ecuadorian green peas market, when its value increased by X% to $X. Over the period under review, consumption enjoyed a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Green Peas Production in Ecuador

In value terms, green peas production reduced to $X in 2023 estimated in export price. Over the period under review, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

In 2023, the average green peas yield in Ecuador rose significantly to X tons per ha, growing by X% compared with 2022. Overall, the yield recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the average green peas yield hit record highs at X tons per ha in 2020; however, from 2021 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the green peas harvested area in Ecuador skyrocketed to X ha, growing by X% on 2022 figures. Overall, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2015 to 2023, the growth of the green peas harvested area remained at a somewhat lower figure.

Green Peas Exports

Exports from Ecuador

In 2023, after three years of growth, there was significant decline in shipments abroad of peas (green), when their volume decreased by X% to X tons. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2022, and then dropped rapidly in the following year.

In value terms, green peas exports reduced rapidly to $X in 2023. Over the period under review, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2022, and then dropped rapidly in the following year.

Exports by Country

The UK (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of green peas exports from Ecuador, together accounting for X% of total exports.

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

In value terms, the largest markets for green peas exported from Ecuador were the UK ($X), the United States ($X) and the Netherlands ($X), with a combined X% share of total exports.

The United States, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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

In 2023, the average green peas export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2023: its price 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, green peas export price decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

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

Green Peas Imports

Imports into Ecuador

After four years of growth, supplies from abroad of peas (green) decreased by X% to X tons in 2023. Overall, imports recorded a perceptible contraction. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, green peas imports reduced sharply to $X in 2023. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Canada (X tons) constituted the largest supplier of green peas to Ecuador, accounting for a X% share of total imports. Moreover, green peas imports from Canada exceeded the figures recorded by the second-largest supplier, Peru (X tons), eightfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Canada stood at X%.

In value terms, Canada ($X) constituted the largest supplier of peas (green) to Ecuador, comprising X% of total imports. The second position in the ranking was taken by Peru ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Canada totaled X%.

Import Prices by Country

In 2023, the average green peas import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, showed a deep setback. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Canada amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%).

Source: IndexBox Platform