Key Market Indicators
Ecuador's peanut consumption is expected to reach almost 33 thousand metric tons by 2026, up from 31 thousand in 2021. This growth rate of 0.9% year-on-year has been steady since 2017. In 2021, Ecuador ranked 61st in terms of peanut consumption, with Colombia ranking higher at 31 thousand metric tons. India, Nigeria and the United States respectively came in at numbers 2, 3 and 4 in this ranking. Meanwhile, Ecuador's peanut production is projected to reach 28 thousand metric tons by 2026, up from 26 thousand in 2021. This growth rate of 1.6% year-on-year has been consistent since 1966, with a 2.6% year-on-year growth rate. In 2021, Ecuador was 49th in terms of peanut production, with South Africa ranking higher at 26 thousand metric tons. India, Nigeria and the United States respectively were numbers 2, 3 and 4 in this ranking.
