Key Market Indicators
In 2021, the country ranked number 22 worldwide, lagging behind Panama which ranked number 21 with 1,311,400 Kilograms. Russia, France and India respectively ranked numbers 2, 3 and 4 in this ranking. Ecuador's vitamin export is set to increase from 231,190 kilograms in 2021 to 284,460 kilograms by 2026, representing a 3.3% year-on-year compound annual growth rate (CAGR). Since 1997, the country's supply has grown 3.5% each year. In 2021, Ecuador ranked 51st, behind Panama which was the top exporter with 231,190 kilograms. Germany, India and the United States followed, ranking second, third and fourth, respectively. Meanwhile, Ecuador's vitamin import is forecast to drop from 1,311,400 kilograms in 2021 to 890,370 kilograms by 2026, at a rate of 6.3% CAGR. Since 1996, the country's demand has decreased 2.9% annually. In 2021, Ecuador ranked 22nd in the world, behind Panama which was in 21st place with 1,311,400 kilograms. Russia, France and India were the second, third and fourth largest importers, respectively.
