Ecuadorian bananas and exports to Russia

Published 2024년 12월 3일

Tridge summary

Ecuador's banana exports reached 306.64 million boxes by October 2024, slightly above the previous year, with the European Union and Russia being the primary markets. However, Russia's import of Ecuadorian bananas has decreased by 10.66 million boxes, leading to a price increase in the industry. Despite this, Ecuador has seen a 19% increase in exports to Russia. The country has also experienced a decline in production but has compensated by bringing new hectares into production, leading to increased exports to the United States and South Korea.

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

Original content

The statistical report of the Ecuadorian banana industry indicates that fruit exports as of October 2024 amount to 306.64 million boxes, a slightly higher amount than those registered on the same date in 2023 (305.73). Of the 306.64 million boxes, the European Union accounted for 29.59% of the share, or 90.72 million boxes, positioning itself as the main destination for the Ecuadorian fruit. Russia was next with 54.53 million boxes or 17.78% of the market. In 2003, Russia received 65.18 million boxes, which represents a decrease of 16.35%. At the regional level, the largest reductions in banana boxes are seen in Russia, the United Kingdom and Central Asia. Russia reduced its import of Ecuadorian bananas by 10.66 million boxes. Due to the decline in the main market, Portalfruticola.com spoke with the executive director of the Banana Marketing and Export Association (ACORBANEC), Richard Salazar. The executive mentioned that at the industry level they raised the price of the box of ...

Source: MXfruit