Ecuadorian banana exports show a decrease in shipments

Published 2024년 10월 7일

Tridge summary

Ecuador's banana exports experienced a 1.55% decline between January and August 2024, compared to the same period in 2023, according to the Statistics Coordination Office of the Banana Marketing and Export Association of Ecuador (ACORBANEC). The European Union continues to be the primary destination for Ecuador's bananas, accounting for 30.02% of total exports. Despite a decrease in exports to Russia and the Middle East, growth in other markets, including Africa and the United States, has offset the decline. Factors such as high radiation and lower productivity have impacted banana production, leading to a higher average spot price in the market. The trend of higher market prices is expected to continue due to the anticipated reduction in packaging, attributed to the effects of climate change.

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

Original content

According to data from the Statistics Coordination Office of the Banana Marketing and Export Association of Ecuador (ACORBANEC), 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. To learn about the behavior of banana shipments, Portalfruticola.com spoke with the executive director of ACORBANEC, Richard Salazar. The report states that the European Union remains 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 in 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 ...

Source: MXfruit