Raw cane or beet sugar in solid form market in Ecuador

Earlier Report Observations

The market volume for raw cane sugar in Ecuador trended downward from 578 thousand tons in 2018 to 383 thousand tons in 2023, with a brief recovery in 2021. This path was shaped by export swings and domestic production constraints linked to low prices and commercial challenges in the industry.

Initial years saw persistent commercialization problems and low prices holding back output, while increased sugar exports in 2019 and 2020 reduced domestic supply. A reduction in exports during 2021 allowed market volume to rise temporarily, despite the sector reporting net losses from sugar sales.

In 2022, the first increase in seven years for the reference price of sugarcane aimed to support producers, but global pressures from international sugar prices and harvests in key countries like India and Brazil weighed on local production. A sharp, more than twofold jump in sugar exports during 2023 then drove a major contraction, pulling market volume down to 382 thousand tons.

Production raw cane or beet sugar in solid form in Ecuador

In kind, 2017-2020, K t

Top producers of raw cane or beet sugar in solid form, 2017-2020

World map of production of raw cane or beet sugar in solid form, 2017-2020

Ecuador's production of raw cane or beet sugar in solid form has declined for the third consecutive year. In 2020, the country produced 560.4 thousand tons, marking a slight decrease of 0.8% compared to the previous year. From 2017 to 2020, production fell by 5.7%, which translates to an average annual decline of 2.0%.

Annual dynamics of production in Ecuador in kind, 2017-2020, K t

Exports raw cane or beet sugar in solid form from Ecuador

Exports in kind, t

The market displayed volatility during the observed period. In 2018, exports reached their lowest point at 1 457 tons, while in 2020, they peaked at 23 141 tons—a 40.9% increase from 2019. Over this timeframe, export volumes varied by a factor of 16. The largest decline occurred in 2018, dropping by 92.2%, while the most significant increase was in 2019, soaring by 1 027.2%.

Annual dynamics of product's exports from Ecuador in kind, 2017-2020, t

From 2017 to 2020, the United States was the leading destination for Ecuador's exports in kind, accounting for 84.8% of total flows, with other markets making up the remainder.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Ecuador in kind, 2017-2020

Exports in value, K $ US

Market performance showed noticeable fluctuations throughout the period. In 2018, export value hit a low of 2 451 thousand US dollars, rising to a high of 11 879 thousand US dollars in 2020—a 20.6% increase from the previous year. Export values varied by a factor of 4.8 between these years. The largest decline was in 2018, falling by 79.1%, while the biggest increase occurred in 2019, jumping by 301.9%.

Annual dynamics of product's exports from Ecuador in value, 2017-2020, K $ US

During 2017–2020, Ecuador's export structure in value terms was highly concentrated, with the United States and Spain together accounting for 80.8% of total flows, while other partners comprised the rest.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Ecuador in value, 2017-2020

Imports raw cane or beet sugar in solid form to Ecuador

Imports in kind, t

Market performance exhibited significant fluctuations over the period. In 2018, imports were at their minimum of 42 tons, climbing to 5 821 tons in 2020—a 5.5% rise from 2019. Import volumes varied by a factor of 137 between these years. The largest decline was recorded in 2018, dropping by 96.1%, while the most substantial increase was in 2019, surging by 12 900.1%.

Annual dynamics of product's imports to Ecuador in kind, 2017-2020, t

From 2017 to 2020, Ecuador's imports in kind of raw cane or beet sugar in solid form were almost entirely sourced from Colombia, which held a 100.0% share 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, K $ US

The market trend was unstable throughout the timeframe. In 2018, import value reached its lowest point at 50 thousand US dollars, increasing to 2 611 thousand US dollars in 2020—a 5.0% uptick compared to 2019. Import values varied by a factor of 52 between these years. The largest decline occurred in 2018, falling by 91.7%, while the biggest increase was in 2019, rising by 4 861.6%.

Annual dynamics of product's imports to Ecuador in value, 2017-2020, K $ US

In 2017–2020, Colombia remained the overwhelmingly dominant supplier of raw cane or beet sugar in solid form to Ecuador, accounting for 99.9% 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