Ecuadorian cocoa export analysis

7/23/2019 Ecuadorian cocoa export analysis

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TITULO

Cedeo Juan Carlos.

Garay Kevin

Gavilnez Jamileth.

Lalangui Evelyn

Mata Karla

Medina Diana

September 7th, 2015


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Introduction

Ecuadoriancocoa isrecognizedaround theorld !ecauseo" its diversityin #avor and

aroma.


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Production and variety in Ecuador

Cocoa production takes place

mainly in the provinces of

Esmeraldas, Manab, Los

Rios, Guayas, Pichincha,

Napo and ucumbos!


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$he %roduct has the "olloing %resentations&

%resentations

Cocoa!eans

Cocoa%aste

Cocoa%oder

Cocoaca'e

Cocoa!utter

Chocolate


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Additional Information

$he cocoa is %roduced in the coastal region as

ell as in the highlands and the (mazon region.

Due to the geogra%hical "actors in Ecuador it is%ossi!le to gro a %roduct ith such uni)ue

characteristics at an international level.

cocoa producer countries offine and "ood aroma


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Statistical information Ecuadorian

Cocoais one

of themostimport

antproducts inEcuad

or!

No#adays,over

$%& of

the#orld'sfine

aromacocoa

production

belon"s to

Ecuador

makin" thecountry the

lar"estproducer of fi

nearomacocoa!


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(he trade

balance consistsof products

e)ported to acountry toanother

(he Central*ank of Ecuadorranks e)port

products +il andnonoil!

-ithin the nonoil e)port

products aretraditionalproducts

*anana, coffee,shrimp and

cocoa

the nonoil items.+* prices to

#ill be taken intoaccount/ to

establish theevolution of thetrade balance of

Ecuador


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General Analysis


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General analysis

(ccording to the Central +an' o"Ecuador, "or the -rst )uarter o" /01,e2%orts o" cocoa ere the third most

e2%orted %roduct, reaching a value o" 3010 million.

Its im%ortance in the economy is thatthe cocoa, in /0/, as the -"th %roduct

more

e2%orted !y Ecuador, in non4oil e2%orts

Cocoa is 'non in Ecuador as the 5goldnugget5 that dominated "or centuriesgenerating "oreign e2change "or the

country.


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6evieing the statistics, it is im%ortant to note thatMain e2%ort destinations o" cocoa, its ela!orate andcon"ectionery, ere 7nited 8tates 9:;


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volution of exportsE2%orts o"cocoa and itsderivativeshave shon

steadygroth overthe %eriod//:4/0/,reaching an

annual

averagegroth rate9((G6< o"?.@?;

Ecuadoriane2%orts o"

this %roductere 3@1,00,///

and July/00 andrecorded

78D AB /:///.

In //>e2%ortvolume

increased [email protected]/@

metric tons,hile in /0/

the e2%ort)uantity

decreased to011./?:


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cocoa !eans, hich is the most e2%orted %roduct in this category, ithan ((G6 "or the %eriod //:4/0/ o" ?; and an e2%ort share o" the

hole sector in /0/ o" B.A?;(nother re%resentative %roduct is cocoa %aste, hich has an ((G6 o"1.;$he %roduct that generates added value is chocolate and other "ood

%re%arations containing cocoa, hich recorded a decrease in e2%orts tothe orld during //:4/0/, es%ecially in the year //>, hoever, the


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Ecuadorian importsindustry

In /0/ as 3 0,>::,@@/ and re%resented >>; o"total im%orts o" cocoa and ela!orates o" Ecuadorto the orld

in /0/ as 3 0,>::,@@/ and re%resented >>; o"total im%orts o" cocoa and ela!orate o" Ecuador tothe orld


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Ecuador has a de-cit

in relation to tradechocolate and other"ood %re%arationscontaining cocoa

in /0/ Ecuadore2%orted @,B/,@1/

and im%orted 78D0,0??,11/,registering a trade

de-cit o" 78D 40:,BA@,>//


15/312000-200


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+alance o" $rade

+ecause the

currency asdevalued to e2%ort agreater volume ate2%ense o" the losso" %urchasing %oero" %eo%le!

Dollarization

+alance o" $rade in"E#I$IT

Sucre

+alance o" $rade inSU%PLUS


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Cocoa e2%ortdestinations

0 In /// Ecuador had a largereduction in its e2%ortvolume due to the reductionin the )uantity demanded !ythe 7nited 8tates.

0 $he second most im%ortantdestination country in //0as Germany 90/,:/ tons >> /// ; //0 ;

EE77

11,0/.1

B

0,0>@.@

@

/,A/.A

A 1A

GE6M(= @,0A0.00 A,:?1.A? 0?0/,:/.B

? 0>=E$FE6L(

=D8 >, A?1.?> A,@:.?: 0? ?,?:.11 0/I$(L @,@:@.A @,1@?./@ > ?,0@0.:0 >

6(=CE ,:0.:B 1,@A.AA A 1,[email protected]? :J((= 1,:?:.?: ?,:0.A> 00 1,@0A.?B :C(=(D( ,AB.0 ,?00.>> ? 1,/A?.1 :8ource& +CE


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8ource& +CE

0 +eteen //0 and ///, they decreased !y:.>/; in tons and ere u% 00; in +thousand dollars. It as mainly "or the coldsna% that "aced all the Ecuadorian coast

aHecting cocoa %roduction.

Cocoa and %rocessed

e2%orts

6D7C$8

I= $F78(=D DLL(684+ ;ariation

///4

//00>>> /// //0

Cocoa !eans

:1,>1/.:

> 1B,0B.:/

?@,:10.@

A @1.Brocessed

cocoa

@,@0@.?

0 1>,1.1

10,@.?

> 9/.1A

B?,BA1./

: 00.//


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=on4oil %roducts

Cocoa recovered "rom thedamage, in /// ithe2%orts o" 3 AA,1: ent to 3

0A/ in //1.

ith these increase cocoasector e2%erienced a rise in%rices o" e2%ort )uintals!ecause the cacao seed asgenetically im%roved,Ecuador !eing the !est)uality cocoa "or its aromaand #avor!


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/// //0 // //1

3AA,1:/.>?3B:,:0/.@1

30>,/?:.:/

30:>,:@0.?/$ocoa e&ports in t'ousand dollars

Cocoa e2%ort has !een increasing constantly, ith a %ic' in //1.During this years cocoa e2%ort earnings ere !oosted !y therecovery o" the international %rice. (ccording to (, thee2%ectations o" a smaller harvest !y leading %roducers o" cocoa,

including Ivory Coast, Ghana and Indonesia, made internationalcocoa %rices to rise.


21/3120(2-20() ro uc on an


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ro uc on anE&ports of $ocoa

20(2-20(0 Cocoa %roduction in /01 gre "or the "ourthconsecutive year.

0 $his result is due to the im%lementation o" the Cocoa6eha!ilitation roect, hich as launched !y += and

0 roduction volume gre !y A;.0 In the second hal" o" /01, the volume o" cocoa e2%orts

have a groth o" 1.:; com%ared ith e2%orts in thesecond hal" o" /0


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/0

COCOA EXPORT VOLUME

AA,:11.0> $M

/01

>?,>A0./> $M

EXPORTS IN VALUE

/0

78D 0BA,1:1.01/

/01

78D ?/,>@0,??/

The largest buyers of cocoa Ecuadora! bea!s "ere#

0 1nited tates #ith 2$,345!36 (M

0 Netherlands #ith 55,77%!8% (M

0 Me)ico #ith 5%,9%$!2% (M

0 *el"ium #ith9,679!56 (M!

Regard!g the $roble%s that ha&e crossed the

cocoa $roducers I! '()' "as #

0 Lack of technical assistance in crop mana"ement,0 :i"h cost of labor,0 Lo# market prices,0 1nfavorable #eather, lack of roads,0 Lack of financin", poor product demand and0 :i"h interest rates!0 Presence of diseases and pests!


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Production and E&ports

of $ocoa 20(-20()0 Cocoa %roduction in /0@, continues its groth trend,

!ecause the %lantations received maintenance andreha!ilitation, alloing higher yields.

0 the volume o" %roduction gre !y 00;, "our %oints

%ercentage a!ove hat the varia!le gre last year 9A;


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/01

E*PO%TA$IO+ES E+ ,OLUE+ "E $A$AO

>?,B:0.? $M

/0@

0/>,?0.1/ $M

LAS EXPORTACIONES EN VALOR

/01

78D ?0,0BA,00/

/0@

78D 111,1B@,B//

Los %ayores co%$radores de cacao ecuatora!o e!

gra!o fuero!#

0 1nited tates #ith 89,48$!59 (M

0 Netherlands #ith 55,928!29 (M

0 Me)ico #ith 55,$97!33 (M

0 ;ndonesia #ith 3,264!58 (M

0 Colombia #ith 8,475!59 (M

0 Canad< #ith 2,473!66 (M


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Regard!g the $roble%s that ha&e crossed

cocoa $roducers* %e!to!ed#

0 (he lack of technical assistance =65&>0 Lo# price of the product =53&>0 :i"h costs of labor =57&>0 Lack of roads communication =52&>0 1nfavorable climate =5%&>0 Lack of fundin" =9&>0 horta"e of labor =$&>0 :i"h interest rates =2&>!0 ;n the canton anta Rosa, #ater ?uality is still a

problem for cocoa production due to minin" takin"

place in this sector, since it is pollutin" #ater

resources =#ater> #hich facilitates the presence of

pests like @Monilla@!


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5Trade A.reement/eteen Ecuador andt'e European Union1

0Ecuador closed 6%58 #ith one of the "reatest benefits for lar"e, medium and smallcompanies #ho direct their products to the European market!

0;t is based on the strate"y of international tradin" kno#n as @#in#in@, they made

sure the ne"otiated a"reement is of mutual benefit to both sides, obviously

defendin" the interests as a country, but at the same time takin" into account the

European 1nion !

0(he a"reement #ill take effect in 6%53 and #ill allo# Ecuadorian products to enter

dutyfree to a market of over 7%% million consumers, #hich undoubtedly created inthe medium and A or lon" termB

5! ;ncreased competition for Ecuadorian products

6! ;ncreased e)ports to the E1

2! +ne of the beneficiaries are Cocoa products

(he e)port sector could consider creatin" a differentiatin" factor that allo#s them to

"enerate added value in their products and therefore sell at better prices

.


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,A%IATIO+S I+

E*PO%TS 20(main non-oilproducts in

3anuary 20(compared it'

3anuary 20()e&ports!


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Conclusion


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Conclusi

on


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6e"erences

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0 htt%&.telegra"o.com.ecnoticiasin"ormacion4generaliteme2%ortaciones4de4cacao4y4ca"e4meoran4en4ecuador.html

0 htt%&contenido.!ce.-n.ecdocumentosu!licaciones=otasCatalogoEncuestasCoyunturaIntegradasetc/01/@.%d"

0 htt%&.%roecuador.go!.ec%4contentu%loads/0?/0+oletinDiciem!re0@4-nal.%d"

0 htt%&contenido.!ce.-n.ecdocumentosu!licaciones=otasCatalogoEncuestasCoyunturaIntegradasetc/0@/@.%d"

0 htt%&agroecuador.comF$ML=oticias;/del;/dia/0?10/1/0?/0?+alanzaComercialEcuador;/;/ene/0?;/;/y;/;/algo;/mas.%d"

Documents

Ecuadorian cocoa export analysis