Ecuador: Fewer banana shipments to Europe and the US affect low turnover

Published 2022년 10월 26일

Tridge summary

Ecuador's banana exports from January to September 2022 decreased by 8.98% compared to the same period in 2021, according to the Association of Marketing and Export of Ecuador (Acorbanec). This decline is due to a reduction in shipments to key markets such as the European Union and the United States by 16.04% and 12.6% respectively. Other markets like East Asia, Eastern Europe, and Africa also saw a decrease in imports. The drop is attributed to lower production due to adverse weather conditions and a lack of maintenance, as well as logistical issues such as a lack of containers and shipping spaces at the beginning of the year. The ongoing conflict in Russia has also impacted banana consumption in that country.

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

Original content

Banana exports from Ecuador, accumulated from January to September 2022, stood at 256.59 million boxes, -8.98% less than what was exported in the same period of 2021, according to the Association of Marketing and Export of Ecuador. Banana (Acorbanec). This is stated in a report released yesterday, where this drop is attributed, mainly, to a lower shipment of fruit to key markets such as the European Union and the United States. According to the report, 24,061,822 boxes of bananas were exported to this last market, this was 16.04% less, while shipments to Europe totaled 67,345,042 boxes, there the drop was 12.6%. There was also a decline in markets with less volume such as East Asia, with 11.36%; Eastern Europe with 51.44% (especially Ukraine) and Africa, where the drop was 37.41% (especially Algeria). Russia fell 0.04%. The lower sales are attributed to several factors, including lower production, due to the cold and lack of maintenance in certain crops. "Production due to ...

Source: Expreso