Ecuador: Banana and plantain exports fell slightly in 2021

Published Dec 29, 2021

Tridge summary

Ecuador's banana exports experienced a decline of 0.85% from January to November of 2021, compared to the same period in 2020, due to logistical issues such as container shortages and shipping congestion, particularly in Chinese ports. This has resulted in higher shipping costs, especially for spot fruit. Despite these challenges, the sector has seen growth in various markets, including the European Union, Africa, the United States, Eastern Europe, and the Southern Cone. The majority of the 345.20 million boxes exported during this period were sent to the European Union.

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

Original content

A bad year for the banana sector. Exports of one of Ecuador's star products fell 0.85% from January to November of this year, compared to the same period in 2020. According to the Banana Marketing and Export Association (Acorbanec), the main falls are reflected in Russia, which decreased by -2.29%; in the Middle East -12.99%; in East Asia -26.09%; in the United Kingdom -29.61%; in Oceania it fell by -1.14%; in EFTA it fell by -8.87% and in Canada by -50.26%. What are the causes of the fall? The lack of containers and shipping spaces has been showing stronger since mid-April due to congestion in major ports, especially in China, said Acorbanec. The change of routes in shipping companies to attend routes that allow them to come and go full has caused the lack of replacement of containers; as well as a greater demand for containers in China due to the increase in imports of pork and beef; but above all China is exporting much more. "All of the above has generated not only a shortage ...

Source: Expreso