Sucrose in solid form market in Ecuador

Earlier Report Observations

The market for chemically pure sucrose in solid form in Ecuador remained relatively stable from 2018 to 2020, fluctuating between 502 thousand tons and 511 thousand tons. It then entered a growth phase, rising to 520 thousand tons in 2021 and 576 thousand tons in 2022, before surging dramatically to 916 thousand tons in 2023. This 2023 leap was primarily driven by an extraordinary increase in imports, which soared to 465 thousand tons, while domestic production fell to 452 thousand tons.

In 2021, the harvested area of sugarcane for sugar production stood at 130 thousand hectares, underpinning local output. Furthermore, Ecuador's position as a major exporter of organic products to the EU and the U.S. during that year likely supported demand for sucrose as an ingredient. The subsequent years saw imports continue to climb, culminating in the 2023 import spike which expanded the total market volume by over 59% compared to 2022.

In 2024, sucrose imports declined to 91 thousand tons, yet remained elevated compared to pre-2022 levels. The same year saw the deregistration of ADISOL CIA. LTDA. as a private issuer in the non-financial sector, indicating shifts among chemical market participants. Concurrently, the Ecuadorian food sector is undergoing a transformation towards sustainability, which may influence future demand patterns for sucrose.

Production sucrose in solid form in Ecuador

In kind, 2017-2020, K t

Top producers of sucrose in solid form, 2017-2020

World map of production of sucrose in solid form, 2017-2020

In 2019, Ecuador's production of sucrose in solid form reached its highest level at 522.4 thousand tons. However, by 2020, output had declined to 498.3 thousand tons, marking a 4.6% decrease from the previous year. Looking at the broader period from 2017 to 2020, production fell by 2.7%, which translates to an average annual decline of 0.9%. The lowest production volume was recorded in 2018 at 474.8 thousand tons. That year also saw the sharpest drop of 7.3%, while 2019 experienced the largest increase of 10.0%.

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

In value, 2017-2020, M $ US

In 2020, the value of sucrose in solid form production in Ecuador was 211.7 million US dollars, representing a 6.7% year-over-year decline. From 2017 to 2020, the production value decreased by 27.6%, averaging an annual drop of 10.2%. The lowest value was recorded in 2018 at 205.9 million US dollars, which also saw the most significant decline of 29.6%. In contrast, 2019 posted the largest increase of 10.2%.

Annual dynamics of production in Ecuador in value, 2017-2020, M $ US

Exports sucrose in solid form from Ecuador

Exports in kind, t

The market showed noticeable fluctuations during this period. Exports bottomed out in 2018 at 2,479 tons and peaked in 2017, with a 19-fold difference between these years. In 2020, Ecuador's exports of sucrose in solid form amounted to 11,575 tons, which is 73.6% lower than in 2019. The largest decline occurred in 2018, dropping by 94.6%, while 2019 saw the biggest increase of 1,671.3%.

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

From 2017 to 2020, Colombia dominated Ecuador's export structure in kind, accounting for 95.5% of total flows.

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

The market exhibited an unstable trend throughout the timeframe. Exports reached their lowest point in 2018 at 1,075 thousand US dollars and peaked in 2017, with a 24-fold difference between these years. In 2020, Ecuador's cross-border shipments of sucrose in solid form totaled 4,918 thousand US dollars, a 74.2% decrease compared to the previous year. The largest decline was recorded in 2018 at 95.9%, while 2019 saw the most significant increase of 1,674.6%.

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

Between 2017 and 2020, the structure of exports in value terms was heavily dominated by a single market: Colombia, which held a 95.3% share of total flows.

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

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

Imports sucrose in solid form to Ecuador

Imports in kind, t

Imports of sucrose in solid form into Ecuador declined for the third consecutive year. In 2020, imports stood at 22,494 tons, marking a controlled decline of 5.6% year-over-year. Over the period from 2017 to 2020, imports decreased by 70.1%, with an average annual decline of 33.1%.

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

Throughout 2017 to 2020, Colombia played the leading role in Ecuador's imports in kind, with a share of 78.1% of total flows, while other markets accounted for the remainder.

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

After a two-year reduction, the value of sucrose in solid form imports into Ecuador increased in 2020. Ecuador imported 10,898 thousand US dollars worth of sucrose in solid form in 2020, up by 3.7% compared to 2019. Over the period from 2017 to 2020, imports decreased by 73.6%, with an average annual decline of 35.9%. The lowest value was recorded in 2019 at 10,506 thousand US dollars, while the largest decline occurred in 2018, dropping by 57.9%.

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

From 2017 to 2020, Colombia remained the leading supplier of sucrose in solid form to Ecuador, accounting for 79.0% of total imports in value terms, with the rest spread across many other countries.

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

World map of product's imports to Ecuador in value, 2017-2020