Ecuadorian banana exports reached 244.10 million boxes between January and August

Published 2024년 10월 9일

Tridge summary

Ecuador's banana exports experienced a 1.55% decrease between January and August 2024, compared to the same period in 2023, totaling 244.10 million boxes. The European Union continues to be the primary market, accounting for 30.02% of exports. Despite reductions in other destinations, growth in markets like Africa, the US, and Eastern Europe, along with a significant increase in South Korea due to tariff reductions, have helped mitigate the decline. Factors such as high radiation and lower productivity have impacted the industry, leading to an average of 15% reduction in production. Additionally, climate change is expected to continue impacting packaging levels in the coming months.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Agraria.pe) According to data from the Statistics Coordination Office of the Banana Marketing and Export Association of Ecuador (Acorbanec), in the cumulative period from January to August 2024, the country's banana exports stood at 244.10 million boxes, -1.55% lower than what was exported in the same period in 2023. The report informs that the European Union continues to be the main destination for Ecuadorian bananas, absorbing 30.02% of total exports, followed by Russia with 18.44%, the Middle East with 13.29%, and the United States with 12.73%. Other key markets include the Southern Cone with 6.30% and Africa with 5.78%. Based on the data, an increase in exports is recorded, especially Africa with +9.29%; the United States with +33.56%; Eastern Europe with +26.53%; Oceania with +18.20%; and, EFTA (Norway) with +34.22%, which has helped mitigate the impact of reductions in other destinations such as Russia and the Middle East. In the case of South Korea, it is important to ...

Source: Agraria