The cumulative export of bananas from Ecuador in July 2023 was 220.85 million boxes, up 6.4% from the same period in July 2022 when 207.56 million boxes were exported. The top three export markets are the European Union with 30.20%, Russia with 21.78%, and the Middle East with 14.11%. There were 145.97 million cartons of bananas distributed to these three locations in total.
Markets that had an accumulated negative variation are Eastern Europe, with 40% less, Europe EFTA with 16.43% less, and the Middle East with 4.88% less. Shipments to these three regions decreased by a total of 3.83 million boxes in July 2023 compared to 2022.
The Association of Banana Exporters of Ecuador forwarded the Banana Statistical Observatory’s export statistics report for the period of January to July 2023.
The top three ports in Ecuador were Guayaquil from where 143.20 million boxes (64.84% participation) were sent, Puerto Bolívar with 50.56 million boxes (22.89% participation) sent and Posorja with 27.09 million boxes (12.27% share) sent.
The top three ports in Ecuador were Guayaquil from where 143.20 million boxes (64.84% participation) were sent, Puerto Bolívar with 50.56 million boxes (22.89% participation) sent and Posorja with 27.09 million boxes (12.27% share) sent.
The top three banana brands in this period were Dole with 23.36 million boxes (10.58% participation), Global Village with 11.87 million boxes (5.38% participation), and Pretty with 9.74 million boxes (4.41% participation) exported.
In the province of Los Roses, the average number of sheaths from weeks 27 to 30 in July 2023 was 39.29 sheaths. Guayas province saw 38.73 sheaths each week, meanwhile. Finally, El Oro’s average weekly yield was 28.15 sheaths.
Regarding the summary of the Banana Weekly Market Sense for the month of July, it should be noted that the barometer showed a rising trend in the worldwide consensus of value chain specialists at the level of sales in dollars, going from 40.00 in week 27 to 66.67 reported in the week 30. showing an increase in sector sales in dollars.
The barometer revealed an upward trend in the global consensus of value chain specialists with regard to the number of sales, rising from 56.50 in week 27 to 63.33 in week 30. proving that the sector’s sales volume increased.
In July 2023, Ecuador experienced a significant 6.4% increase in banana exports. This growth in shipments reflects the country’s strong position as a major player in the global banana market. Ecuador is renowned for its high-quality bananas, and this recent surge in exports further solidifies its reputation.
The increase in banana exports can be attributed to several factors. Firstly, Ecuador benefits from its favorable climate and fertile soil, which creates optimal conditions for banana cultivation. The country’s geographic location also allows for efficient transportation and distribution to international markets.
Furthermore, Ecuador has been proactive in implementing sustainable farming practices, which have contributed to the success of its banana industry. These practices prioritize environmental conservation, worker welfare, and social responsibility, making Ecuadorian bananas highly sought after by conscious consumers.
The rise in banana exports is not only beneficial for Ecuador’s economy but also for the thousands of farmers and workers involved in the industry. The export growth provides employment opportunities and improves livelihoods, particularly in rural areas where banana plantations are prevalent.
To sustain this positive trend, the Ecuadorian government and industry stakeholders must continue investing in infrastructure, research, and development. This includes improving transportation networks, implementing advanced farming techniques, and exploring new markets to diversify export destinations.
In addition, maintaining strong relationships with existing trade partners and forging new ones will be crucial for long-term growth. Ecuador has traditionally enjoyed strong trade ties with countries such as the United States, Europe, and Russia. Expanding into emerging markets in Asia and Africa presents opportunities for further expansion and market penetration.
Challenges
Diseases and Pests
Despite the positive outlook, challenges remain for the Ecuadorian banana industry. One such challenge is the constant threat of diseases and pests that can affect banana crops. The industry must remain vigilant and invest in research and technology to combat these risks effectively.
Volatility of International Markets
Another challenge is the volatility of international markets and fluctuations in global demand. External factors such as changes in consumer preferences, trade policies, and economic conditions can impact the demand for bananas. Navigating these uncertainties requires adaptability and proactive market analysis.
