The El Niño weather cycle is anticipated to arrive in Ecuador towards the end of 2023 and this should lead to increased precipitation in the country, which will positively impact the country's palm oil production. Conversely, Southeast Asia, responsible for over 87% of global palm oil production, is expected to experience droughts as a result.
Within Ecuador, the Andean region accounts for a significant proportion of oil consumption, housing the capital city of Quito and the country's third-largest city, Cuenca. The Andean region's altitude poses a challenge for the production and consumption of edible palm oil.
In Ecuador, the culinary tradition of frying food is very common and this drives the widespread use of palm oil, commonly referred to as "vegetable oil." Given this cultural trend, significant growth in the consumption of alternative oils is not anticipated in the forecast period.
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Understand the latest market trends and future growth opportunities for the Edible Oils industry in Ecuador with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Edible Oils industry in Ecuador, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Edible Oils
This is the aggregation of olive oil and vegetable and seed oil (which comprises of corn oil, palm oil, rapeseed oil, soy oil, sunflower oil, and other edible oil). Please note blended oil that contain over 50% of one type of oil are categorised in that category, e.g. blended oil with 60% soy oil is categorised in soy oil; whereas blended oils with less than 50% of a specific type of oil are categorised in other edible oil. Includes: Pre-packaged edible oils products purchased by consumers through legally established retail channels. Excludes: Unpackaged/bulk oils, i.e. instances where consumers bring an empty container or plastic bag to be (re)filled with cooking oil. Example: Minyak curah in Indonesia.
See All of Our DefinitionsThis report originates from Passport, our Edible Oils research and analysis database.
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