Ecuadorian banana export decreased by 12.16%

Published 2023년 1월 30일

Tridge summary

Ecuador's banana exports in 2022 saw a decrease of 12.16% compared to the previous year, totaling 332.79 million cartons. The main destinations for these exports included the European Union, Russia, and the Middle East, but there was a notable decrease in exports to the United States. This decline in exports is attributed to factors such as increased production costs, lower international demand, the Russia-Ukraine war, and global inflation. Adverse weather conditions also impacted the crop, leading to smaller fruit sizes and reduced yields. The export association, Acorbanec, predicts a further decrease in the harvest for the first quarter of 2023.

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

Original content

Ecuadorian banana exports are estimated at 332.79 million cartons in 2022. That is 12.16% less than in 2021. 26.11% of the exported bananas were shipped to the European Union (-15.36%); 22.31% to Russia (-2.17%); 16.46% to the Middle East (+4.26%); 9.38% to the United States (-17.66%); 7.63% to the South Cone (-2.25%); 5.17% to East Asia (-14.46%); 4.63% to Africa (-40.76%); 3.25% to Central Asia (+30.94%); 2.44% to Eastern Europe (-57.57%); 1.26% to the United Kingdom (-13.39%); 0.82% to Oceania (New Zealand) (-20.04%); 0.50% to EFTA (Norway) (-6.89%); 0.02% to Canada (-41.56%); and 0.02% to other markets. Acorbanec, the Ecuadorian banana export association, explains that the drop in exports has several causes, including the increase in cultivation and production costs, lower international demand, the war between Russia and Ukraine (which caused an oversupply in other markets) or global inflation. Moreover, the weather conditions also played their part. "In Ecuador there is less ...

Source: AGF