Ecuador - Lettuce and Chicory - Market Analysis, Forecast, Size, Trends and Insights
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View PricingEcuador: Lettuce And Chicory Market 2024
Lettuce And Chicory Market Size in Ecuador
The Ecuadorian lettuce and chicory market expanded rapidly to $X in 2023, increasing by X% against the previous year. Overall, the total consumption indicated a resilient expansion 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 decreased by X% against 2021 indices. Lettuce and chicory consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.
Lettuce And Chicory Production in Ecuador
In value terms, lettuce and chicory production rose remarkably to $X in 2023 estimated in export price. In general, production, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.
The average yield of lettuce and chicory in Ecuador reduced to X tons per ha in 2023, remaining relatively unchanged against the previous year. Overall, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the yield increased by X%. The lettuce and chicory yield peaked at X tons per ha in 2013; however, from 2014 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, approx. X ha of lettuce and chicory were harvested in Ecuador; approximately equating the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The lettuce and chicory harvested area peaked at X ha in 2015; however, from 2016 to 2023, the harvested area stood at a somewhat lower figure.
Lettuce And Chicory Exports
Exports from Ecuador
In 2023, shipments abroad of lettuce and chicory decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.
In value terms, lettuce and chicory exports stood at $X in 2023. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.
Exports by Country
Panama (X tons), Spain (X kg) and Iceland (X kg) were the main destinations of lettuce and chicory exports from Ecuador, together accounting for X% of total exports.
From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of X%), while the other leaders experienced more modest paces of growth.
In value terms, Panama ($X) emerged as the key foreign market for lettuce and chicory exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value to Panama stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Hong Kong SAR (X% per year).
Export Prices by Country
The average lettuce and chicory export price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the export price showed strong growth. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2023 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Iceland ($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 Iceland (X%), while the prices for the other major destinations experienced more modest paces of growth.
Lettuce And Chicory Imports
Imports into Ecuador
In 2022, approx. X kg of lettuce and chicory were imported into Ecuador; picking up by X% against the year before. Over the period under review, imports, however, recorded a perceptible downturn. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, lettuce and chicory imports skyrocketed to $X in 2022. Overall, imports, however, showed a deep setback. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Imports by Country
In 2022, Brazil (X kg) was the main supplier of lettuce and chicory to Ecuador, accounting for a approx. X% share of total imports.
From 2016 to 2022, the average annual rate of growth in terms of volume from Brazil stood at X%.
In value terms, Brazil ($X) constituted the largest supplier of lettuce and chicory to Ecuador.
From 2016 to 2022, the average annual rate of growth in terms of value from Brazil stood at X%.
Import Prices by Country
The average lettuce and chicory import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a drastic downturn. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From 2016 to 2022, the rate of growth in terms of prices for Brazil amounted to X% per year.
Source: IndexBox Platform
This report provides an in-depth analysis of the lettuce and chicory 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 372 - Lettuce and chicory
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, HARVESTED AREA 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
- Area Harvested, 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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