Earlier Report Observations
The implementation of the Organic Law on Agrobiodiversity, Seeds and Promotion of Sustainable Agriculture in 2018 established a regulatory framework for seed production, which supported an increase in cottonseed oil output. Production rose from 223.9 tonnes in 2018 to 277.9 tonnes in 2020, while market volume expanded from 228.2 tonnes to 280.0 tonnes. The continued application of this law in 2019 and the introduction of technical rules for fertilizer registration in 2020 bolstered agricultural production, including cotton, sustaining this growth period.
In 2021, the health regulatory agency ARCSA issued resolutions on nutritional labeling and sanitary control for vegetable oils, affecting product commercialization. However, 2022 saw a 4% drop in household consumption of vegetable oils driven by inflation and shifting consumer habits, while the Russia-Ukraine conflict and climate factors pressured supply chains and prices. These elements contributed to a reduction in production to 272.3 tonnes and market volume to 277.1 tonnes.
The market rebounded in 2023, with market volume reaching 294.0 tonnes and production stabilizing at 273.1 tonnes, indicating a recovery from the previous year's disruptions.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Ecuador
- 5.1.1. Annual dynamics of production in Ecuador in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Ecuador in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Ecuador
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, kg
- 6.1.2.1. Annual dynamics of product's imports to Ecuador in kind, 2018-2024, kg
- 6.1.2.2. Dynamics of product's imports in kind to Ecuador by countries, 2018-2024, kg
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, $ US
- 6.1.3.1. Annual dynamics of product's imports to Ecuador in value, 2018-2024, $ US
- 6.1.3.2. Dynamics of product's imports in value to Ecuador by countries, 2018-2024, $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Ecuador, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Ecuador by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, kg
- 6.2.2.1. Annual dynamics of product's imports to Ecuador in kind, 2018-2024, kg
- 6.2.2.2. Dynamics of product's imports in kind to Ecuador by countries, 2018-2024, kg
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, $ US
- 6.2.3.1. Annual dynamics of product's imports to Ecuador in value, 2018-2024, $ US
- 6.2.3.2. Dynamics of product's imports in value to Ecuador by countries, 2018-2024, $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Ecuador, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Ecuador by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, kg
- 7.1.2.1. Annual dynamics of product's exports from Ecuador in kind, 2018-2024, kg
- 7.1.2.2. Dynamics of product's exports in kind from Ecuador by countries, 2018-2024, kg
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, $ US
- 7.1.3.1. Annual dynamics of product's exports from Ecuador in value, 2018-2024, $ US
- 7.1.3.2. Dynamics of product's exports in value from Ecuador by countries, 2018-2024, $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Ecuador, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Ecuador by countries, 2018-2024, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, kg
- 7.2.2.1. Annual dynamics of product's exports from Ecuador in kind, 2018-2024, kg
- 7.2.2.2. Dynamics of product's exports in kind from Ecuador by countries, 2018-2024, kg
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, $ US
- 7.2.3.1. Annual dynamics of product's exports from Ecuador in value, 2018-2024, $ US
- 7.2.3.2. Dynamics of product's exports in value from Ecuador by countries, 2018-2024, $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Ecuador, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Ecuador by countries, 2018-2024, $ US/t
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, kg
- 8.1.2. In value, $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, kg
- 8.2.2. In value, $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production cottonseed oil and fractions in Ecuador
In kind, 2017-2020, t
Top producers of cottonseed oil and fractions, 2017-2020
World map of production of cottonseed oil and fractions, 2017-2020
Ecuador's production of cottonseed oil and fractions has increased for the second consecutive year. In 2020, the country produced 277.9 tonnes, marking a slight 2.1% rise compared to 2019. Looking at the period from 2017 to 2020, production grew by 24%, which translates to an annualized rate of 7.4%. The lowest production level was recorded in 2018 at 223.9 tonnes. The most significant decline occurred in 2018, with a 0.0% change, while the largest increase was in 2019, at 21.5%.
Annual dynamics of production in Ecuador in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (0.0%) | 21.5% | 2.1% | 7.4% |
Exports cottonseed oil and fractions from Ecuador
Based on desk-based market analysis, Ecuador did not export any cottonseed oil and fractions from 2017 to 2020.
Imports cottonseed oil and fractions to Ecuador
Imports in kind, kg
In 2020, Ecuador's import volume of cottonseed oil and fractions reached 2 120 kg, showing a strong increase of 18.6% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 31.3%, equivalent to an annualized rate of 11.8%. The lowest import volume was in 2019 at 1 787 kg, while the highest was in 2018 at 4 300 kg. The largest decline occurred in 2019, with a 58.4% drop, and the largest increase was in 2018, at 39.3%.
Annual dynamics of product's imports to Ecuador in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 39.3% | (58.4%) | 18.6% | (11.8%) |
From 2017 to 2020, imports of cottonseed oil and fractions to Ecuador were highly concentrated, with the United States and Spain accounting for 100.0% of total flows.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Ecuador in kind, 2017-2020
Imports in value, $ US
In 2020, the value of cottonseed oil and fractions deliveries to Ecuador amounted to 8 976 US dollars, representing a robust increase of 22.8% compared to the previous year. Between 2017 and 2020, imports decreased by 18.4%, equating to an annualized rate of 6.5%. The lowest value was recorded in 2019 at 7 309 US dollars, while the highest was in 2018 at 16 237 US dollars. The most significant decline occurred in 2019, with a 55.0% drop, and the largest increase was in 2018, at 47.6%.
Annual dynamics of product's imports to Ecuador in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 47.6% | (55.0%) | 22.8% | (6.5%) |
During 2017–2020, the United States and Spain were the primary suppliers of cottonseed oil and fractions to Ecuador, with their combined share reaching 99.6% of total imports in value terms.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Ecuador in value, 2017-2020
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