Ecuadorian banana exports total 274.39 million boxes between January and August

Published 2024년 11월 5일

Tridge summary

Ecuador's banana exports increased by 0.5% from January to August 2024, totaling 274.39 million boxes, despite a reported 15% reduction in production due to adverse weather conditions. The European Union continued to be the primary market, receiving 29.93% of the exports, followed by Russia, the Middle East, and the United States. However, exports to Russia fell by 12.49% due to high fruit prices and economic issues related to the war with Ukraine and economic sanctions from the US and EU. This decline was partially balanced by a 1.64% increase in exports to the European Union, likely due to production issues in Colombia and Central America.

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

Original content

(Agraria.pe) From January to August 2024, Ecuador exported 274.39 million boxes of bananas, which represented an increase of +0.5% compared to last year. This was indicated in a report by the Banana Marketing and Export Association (Acorbanec). The European Union remains the main export destination for Ecuadorian bananas, absorbing 29.93% of total exports. It is followed by Russia with 18.23%; the Middle East with 13.48%, and the United States with 12.13%. Other key markets include the Southern Cone with 6.76% and Africa with 5.86%. The results come in an atypical year for the supply of this sector. From January to September, according to the same report, banana production has been reduced by approximately 15% due to climatic effects such as variations in cold temperatures at night and early morning; increased solar radiation during the day; as well as excessive rainfall in several banana-producing areas, causing the plantations not to have their normal physiological developments, ...

Source: Agraria