Tridge summary
Ecuador experienced a decrease in banana exports by 0.85% from January to November of the same year compared to the previous year, according to the Banana Marketing and Export Association (Acorbanec). The decline was observed in several markets including Russia, the Middle East, East Asia, the UK, Oceania, the EFTA, and Canada. The cause of the decline is attributed to a lack of containers and cargo space, aggravated by port congestion, particularly in China, which has led to a shift in shipping routes and a container shortage.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The export of bananas, one of Ecuador's most important products, decreased by 0.85% from January to November this year compared to the same period in 2020. According to the Banana Marketing and Export Association (Acorbanec), the main declines are in Russia, with -2.29%; in the Middle East -12.99%; in East Asia -26.09%; in the UK -29.61%; in Oceania, exports fell by -1.14%; in the EFTA, exports fell by -8.87% and in Canada by -50.26%. The causes have to do with the lack of containers and finding cargo space. These problems have increased from mid-April due to congestion in major ports, particularly ...
Source: AGF
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.