Wheat and meslin flour and cereals market in Ecuador

Earlier Report Observations

The market for wheat and meslin flour and cereals in Ecuador expanded from 563.9 thousand tonnes in 2018 to a peak of 636.4 thousand tonnes in 2021, marking a period of significant growth. This trend reversed in 2022 with a contraction to 618.1 thousand tonnes, followed by stabilization at 615.6 thousand tonnes in 2023.

Domestic production mirrored this pattern, rising from 557.0 thousand tonnes in 2018 to 631.1 thousand tonnes in 2021 before dipping in 2022. Imports, while always a small share of the market, fell sharply in 2023 to 0.4 thousand tonnes. Exports remained minimal, with a slight uptick to 1.0 thousand tonnes in 2023.

Between 2018 and 2023, the market volume increased by over 50 thousand tonnes, despite the interruption in 2022. The marginal change in 2023 indicates a period of market equilibrium after earlier fluctuations.

Production wheat and meslin flour and cereals in Ecuador

In kind, 2017-2020, K t

Top producers of wheat and meslin flour and cereals, 2017-2020

World map of production of wheat and meslin flour and cereals, 2017-2020

Ecuador's production of wheat and meslin flour and cereals has grown for the third year in a row. In 2020, the country produced 579.2 thousand tons, marking a slight year-on-year increase of 0.6%. Looking at the period from 2017 to 2020, production rose by 5.1%, which translates to an average annual growth rate of 1.7%.

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

Exports wheat and meslin flour and cereals from Ecuador

Exports in kind, t

The export market for wheat and meslin flour and cereals in Ecuador showed significant volatility during these years. From 2017 to 2019, exports fluctuated dramatically, with a peak-to-trough difference of 7.9 times. In 2019, exports hit their lowest point at 104 tons, representing a sharp decline of 74.8%. However, by 2020, export volume rebounded to 327 tons, a substantial increase of 214.7% compared to the previous year.

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

Between 2017 and 2020, Ecuador's exports in kind were highly concentrated, with Venezuela and the United States dominating the market. Together, these two countries accounted for 89.6% of total export flows, while other partners made up the remaining share.

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

Export values for wheat and meslin flour and cereals in Ecuador experienced notable fluctuations over this period. In 2019, exports reached their lowest point at 204 thousand US dollars, reflecting a decline of 51.5%. This created a 3.5-fold gap compared to the peak in 2017. By 2020, exports recovered to 412 thousand US dollars, showing a significant improvement of 101.9% from the previous year.

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

From 2017 to 2020, the United States and Venezuela were the dominant players in Ecuador's export market in value terms, together making up 93.6% of total flows. Other destinations contributed smaller individual shares.

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

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

Imports wheat and meslin flour and cereals to Ecuador

Imports in kind, t

Ecuador's imports of wheat and meslin flour and cereals declined for the second consecutive year. In 2020, the country imported 6 255 tons, down by 4.7% compared to the previous year. Over the 2017-2020 period, imports decreased by 6.3%, with an average annual decline of 2.1%. The highest import volume was recorded in 2018 at 7 317 tons, which was a 9.7% increase from the prior year. In 2019, imports fell by 10.3% to their lowest point during this span.

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

During 2017-2020, Spain, Mexico, and Argentina were the primary suppliers of wheat and meslin flour and cereals to Ecuador in kind. Spain accounted for 25.7% of imports, Mexico for 23.8%, and Argentina for 22.3%. Together, these three countries represented 71.7% of total imports in kind.

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

Ecuador's imports of wheat and meslin flour and cereals in value terms declined for the second year in a row. In 2020, imports totaled 3 636 thousand US dollars, a decrease of 3.3% year-on-year. Over the 2017-2020 period, imports dropped by 9.8%, with an average annual decline of 3.4%. The peak was in 2018 at 3 636 thousand US dollars, up by 9.4% from the previous year. In 2019, imports saw the largest decline of 14.7%, reaching their lowest value.

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

From 2017 to 2020, Spain, Mexico, and Argentina remained the main sources for Ecuador's imports in value terms. Spain contributed 30.3%, Mexico 25.3%, and Argentina 18.0% of total import value. Combined, these three countries accounted for 73.7% of imports.

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

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