Ecuador is averaging US $1.37 per kilo of avocado

Published 2024년 9월 30일

Tridge summary

Ecuador has experienced a significant increase in avocado exports, with a 216% rise in volume and 178% increase in sales compared to the same period in the previous year, according to Central Bank of Ecuador data. This translates to 2,265 tons exported worth US$ 3,097,000 from January to July 2024, a 18% drop in average prices from the previous year. Colombia has become Ecuador's main avocado market, accounting for 42.2% of exports at a lower price of 0.17 per kilogram, while Spain and the Netherlands make up 25.6% and 20.5% of the market, respectively. Despite Ecuador's unique production windows and the belief that its avocados should command higher prices due to their higher fat content, export statistics indicate otherwise, prompting questions about Ecuador's export strategy.

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

Original content

(Agraria.pe) Ecuador is a long-standing South American agro-exporter with a history of products such as bananas, but it also has a basket that is diversifying. One of the foods that is trying to emerge is avocado, which faces various commercial challenges. Alex Bustos Guerra, agricultural engineer and president of Green Control LA (Ecuador), explained that avocado exports from his country increased by 216% in volume and 178% in sales, according to a comparison between January and July 2024 compared to the same period of the previous year based on data from the Central Bank of Ecuador. This means that in the period corresponding to the current year they shipped 2,265 tons for a value of US$ 3,097,000 (compared to the 1,047 tons exported in 2022 for US$ 1,740,000). The result reveals that average prices in 2024 have dropped by 18%. “The reason is that in 2024 Colombia becomes Ecuador's main market with an average price per kilogram of 0.17 and they become 42.2% of the market, ...

Source: Agraria