Export Data 2024
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Ecuadorian banana exports grew by 1.60% in the cumulative period up to November 2024.
- ACORBANEC
- 15, Agosto 2024
According to data from the ACORBANEC Statistics Coordination Office, from January to September 2024, Ecuador’s banana exports totaled 331.31 million boxes, a 1.60% increase compared to the same period in 2023. The European Union (27) remains the top destination, absorbing 29.12% of total exports, followed by Russia with 18.95%, the Middle East with 13.26%, and the United States with 11.88%. Other key markets include the Southern Cone with 7.02% and East Asia with 6.42%.
Moko, caused by the bacterium Ralstonia solanacearum race 2, represents a serious threat to banana and plantain plantations in Ecuador. In response to this situation, the new Technical Scientific Committee seeks to articulate public-private strategies that will help mitigate its impact, improve biosecurity, and promote effective actions for its management and eradication.
Banana Exports
Ecuador's banana exports from January to November 2024 totaled 331.31 million boxes, a +1.60% increase compared to the same period in 2023.
Factors That Affected the Reduction in Exports:
Despite an increase in bunching between 2023 and 2024, banana production was reduced due to adverse weather conditions such as low temperatures and excessive rainfall, resulting in a -15% lower yield. Exports grew by +1.60%, driven by new plantations. However, the increase in the minimum support price reduced purchases from the European Union (-16.43%), although shortages in other producing countries forced some market recovery. In Russia, purchases fell by -8.78% due to the war and economic sanctions.
- Climate conditions: Temperature variations and excessive rainfall affected the physiological development of the plantations.
Production reduction: Despite more bunching, production decreased compared to 2023.
New plantations: The increase in exports (+1.60%) was partly due to new plantations entering production this year.
Increase in minimum support price: The rise in the price of banana boxes reduced purchases from some markets, especially the European Union.
European market: Banana purchases from Ecuador decreased by -16.43% due to the high price and competition from other regions.
Problems in other producing countries: Colombia and Central America faced difficulties, which forced multinational companies to purchase more bananas from Ecuador.
Situation in Russia: The war with Ukraine and economic sanctions reduced demand for Ecuadorian bananas by -8.78%.
Destination of Exports
From January to November 2024, banana exports reached a total of 331.31 million boxes, with the European Union as the main destination, receiving 29.12% of the exports. It was followed by Russia with 18.95%, the Middle East with 13.26%, and the United States with 11.88%. The Southern Cone became the fifth-largest destination, with a 7.02% share, followed by East Asia (6.42%), Africa (5.83%), Central Asia (2.87%), Eastern Europe (1.88%), the United Kingdom (1.19%), Oceania (1.03%), and EFTA (Norway) with 0.55%. The Canadian market and other destinations disappeared from the list.
Compared to the same period in 2023, exports increased by 1.60%. Among the main destinations, notable reductions were observed: Russia (-8.78%), the Middle East (-8.89%), the United Kingdom (-10.85%), and Central Asia (-5.95%). However, Africa (+8.96%), the United States (+29.50%), Eastern Europe (+27.67%), Oceania (+10.98%), and EFTA (Norway) (+32.94%) experienced significant increases.
If we analyze banana exports by country, Russia is the destination with the highest share, accounting for 18.95%, followed by the United States with 11.88%; the Netherlands with 6.91%; Germany with 4.60%; and Italy with 4.50%.
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