Because the Ecuadorian market is highly dependent on imports and its local industry is incipient, there are opportunities for bulk exports and packaging in the South American country.
To enter the market, products can be sold to distribution companies, whether these register the products themselves under their own brand, import in bulk/concentrate, repackage and distribute, or do so under the manufacturer's brand and import and distribute ready-to-retail products (this can be on an exclusive basis), explains a study by the Foreign Trade Promotion Agency (Procomer).
From January to March 2020, companies in the countries of the region imported from Mexico fertilizers for $19 million, an amount that exceeds in 722% the reported in the same period of 2019.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
Between January and September 2019, Central America allocated $639 million to fertilizer imports, 7% less than in the same period in 2018, with Honduras and Guatemala being the markets that recorded the most significant reductions.
Figures from the Trade Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphics"]
Because fertilizers became more expensive due to the tax reform implemented last year, for the 2019-2020 agricultural cycle the volume demanded in the country fell by approximately 220,000 quintals.
Distributors in the country estimate that with the Tax Concentration Law approved at the end of February 2019, fertilizer prices increased up to 17% and agrochemicals between 20% and 30%.
American Vanguard Corporation has announced the acquisition of Grupo Agricenter, dedicated to the production and commercialization of crop protection products in Central America.
In the last five years, the average price of a kilo of fertilizers imported in the countries in the region fell by 43%, going from $0.54 to $0.31.
Figures from the information system on thethe fertilizer market in Central America, compiled by the Business Intelligence Unit atCentralAmericaData: [GRAFICA caption = "Click to interact with the graph"]
Among the main products demanded by the Caribbean country are pesticides and organic fertilizers, bio-controllers, biological, botanical and general products for non-conventional agriculture.
From the executive summary of Procomer's study of "Pesticides and Fertilizers in the Dominican Republic"
Between January and September 2016 the volume of regional fertilizer imports from the Asian country grew by 17% compared to the same period in 2015.
Figures from the information system on the the Fertilizer Market in Central America, compiled by the Business Intelligence Unit at CentralAmerica Data : [GRAFICA caption = "Click to interact with the graph"]
It has been estimated that in 2017 the sector producing and selling agricultural chemicals will achieve a performance similar to that of 2016, having ended the year with growth of 15% in sales.
The dynamism of agricultural activity in the country is the main reason behind the good performance of the agrochemical sector.Although official figures for the close of 2016 are not yet known, entrepreneurs estimate that growth was achieved in sales of around 15%.
In 2015 the countries of the region imported $800 million worth of fertilizers, led by Guatemala, which bought 658 thousand tons, equivalent to $240 million.
Figureson the fertilizers market in CentralAmerica, compiled by the Business Intelligence Unit at CentralAmericaData.com show that imports from all countries in 2015 amounted to 2 million tons, at a value of $803 million.
58% of Canadian families buy organic food at least once a week, making it an attractive market for companies producing these products.
The demand for organic food has grown in recent years both in Europe and in North America, where countries such as Germany, Switzerland, the United States and Canada are buying more and more organic food which is free of pesticides, dyes and other chemicals in order to improve their health. In Canada alone, 58% of households buy organic food at least once a week, making it an attractive market for companies producing these products.
A reduction in crop yields due to the lack of rain is affecting the marketing of these products, in cases such as herbicides, there has been a 40% drop in sales.
Less demand for fertilizers, herbicides and other agrochemicals needed to tend crops is causing an increase in inventories kept by marketers and generating greater downward pressure on the price of such products. In the case of fertilizer, so far a drop has been registered of "... between 10% and 15%," ... while in the category of herbicides and fungicides, reports are of "... decreases of up to 40%."
In 2012 the country imported $232.5 million worth of fertilizers, a decrease of 6% compared to last year.
CentralAmericaData released its fertilizers imports report for 2012 in Costa Rica. Data includes by CIF totals, Average Weight and Prices, Product Description, Importer, Brands, Countries of Origin, Customs and Import Regimes.
The International Federation of Organic Agricultural Movements (IFOAM in Spanish) has issued new rules to replace those previously established in 2005.
A statement from the Costa Rican Trade Promotion Office (PROCOMER) reads:
The IFOAM has published new rules to replace those previously established in 2005 and these have been approved by electronic vote of the members of the federation, a process which ended on August 5.
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