Key Market Indicators
Ecuador is set to become a major player in the frozen food market. By 2026, the country is projected to import around $1.6 million, with a year-on-year average growth rate of 3.1%. This is a significant increase from 1998, when Ecuadorian demand was 27.7% higher than the year before. In 2021, the country was ranked 104th in terms of frozen food imports, with Namibia coming in at number one. The United States, South Korea and Japan followed in second, third and fourth place respectively. On the export side, Ecuador is expected to hit $188 million by 2026, with an average year-on-year growth rate of 3.8%. This is an increase from 1998, when exports were 9% higher than the year before. Canada was in the lead in 2021, followed by China, Spain and Mexico in second, third and fourth place respectively.
