Ecuador: A silent decline puts pressure on the banana sector
Fresh Banana
Ecuador
Published Jan 27, 2022
Original content
Bananas are no longer the main source of foreign exchange earnings for the country, as a non-oil export product. Internal and external conditions have forced it, in the last 4 years, to get off the podium where it has historically been to give ground to shrimp, a risk of lag, which is attributed to the lack of competitiveness and which threatens to worsen in this new Year. In 2021, that gap widened, after shrimp sales reached $5,078 million, well above the $3,350 million estimated by certain sector associations; if compared to the previous year, that could mean a drop of up to 2.5%, versus the 41% rise that the crustacean had. Last year's logistics crisis challenged exports in general (high shipping freight, higher cost of supplies), but unlike the musaceae, there was a majority that was less affected. Does that mean that the banana industry is running out of years? Both producers and exporters agree on something: it is not about inefficiencies in the sector, but about an income ...
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