Cedeño Juan Carlos. Garay Kevin Gavilánez Jamileth. Lalangui Evelyn Mata Karla Medina Diana September 7th, 2015
Introduction Ecuadorian cocoa is recognized around the orld !ecause o" its diversity in #avor and aroma.
Production and variety in Ecuador
Cocoa production takes place mainly in the provinces of Esmeraldas, Manabí, Los Rios, Guayas, Pichincha, Napo and ucumbíos!
$he %roduct has the "olloing %resentations&
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 of fine and "ood aroma
No#ad ays, over $%& of the #orld's fine aroma cocoa product ion belon" s to Ecuado r
Ecuad orian Cocoa is one of the most import ant produ cts in Ecuad or!
makin " the countr y the lar"est produc er of fi ne aroma
(he trade balance consists of products e)ported to a country to another
(he Central *ank of Ecuador ranks e)port products +il and nonoil!
-ithin the non oil e)port products are traditional products *anana, coffee, shrimp and cocoa
the nonoil items .+* prices to #ill be taken into account/ to establish the evolution of the trade balance of Ecuador
General analysis Cocoa is 'non in Ecuador as the 5gold nugget5 that dominated "or centuries generating "oreign e2change "or the country.
Its im%ortance in the economy is that the cocoa, in /0/, as the -"th %roduct more e2%orted !y Ecuador, in non4oil e2%orts
(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" 3 010 million.
6evieing the statistics, it is im%ortant to note that Main e2%ort destinations o" cocoa, its ela!orate and con"ectionery, ere 7nited 8tates 9:; e2%ort volume increased to [email protected]
/@ metric tons, hile in /0/ the e2%ort )uantity decreased to 011./?:
!eans, hich is the most e2%orted %roduct in this category, ith an ((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 to
Ecuadorian imports industry
In /0/ as 3 0,>::,@@/ and re%resented >>; o" total im%orts o" cocoa and ela!orates o" Ecuador to the orld in /0/ as 3 0,>::,@@/ and re%resented >>; o" total im%orts o" cocoa and ela!orate o" Ecuador to the orld
Ecuador has a de-cit in relation to trade chocolate and other "ood %re%arations containing cocoa
in /0/ Ecuador e2%orted @,B/,@1/ and im%orted 78D 0,0??,11/, registering a trade de-cit o" 78D 4 0:,[email protected]
+alance o" $rade Dollarization
+alance o" $rade in
+alance o" $rade in
+ecause the currency as devalued to e2%ort a greater volume at e2%ense o" the loss o" %urchasing %oer o" %eo%le!
Cocoa e2%ort destinations 0
In /// Ecuador had a large Cocoa main mar'ets reduction in its e2%ort 9$ons< volume due to the reduction /// ; //0 ; in the )uantity demanded !y C7=$6IE8 0>>> 11,0/.1 0,0>@[email protected]
/,A/.A the 7nited 8tates. EE77
0 $he second most im%ortant
destination country in //0 as Germany 90/,:/ tons ,:@0.?/ dollars 30>,/?:.:/
Cocoa e2%ort has !een increasing constantly, ith a %ic' in //1. During this years cocoa e2%ort earnings ere !oosted !y the recovery o" the international %rice. (ccording to (, the e2%ectations o" a smaller harvest !y leading %roducers o" cocoa, including Ivory Coast, Ghana and Indonesia, made international
ro uc on an E&ports of $ocoa 20(2-20( 0 Cocoa
%roduction in /01 gre "or the "ourth consecutive year. 0 $his result is due to the im%lementation o" the Cocoa 6eha!ilitation roect, hich as launched !y += and 0 roduction volume gre !y A;. 0 In the second hal" o" /01, the volume o" cocoa e2%orts have a groth o" 1.:; com%ared ith e2%orts in the second hal" o" /0
COCOA EXPORT VOLUME
The largest buyers of cocoa Ecuadora! bea!s "ere# 0 1nited tates #ith 2$,345!36 (M
0 Netherlands #ith 55,77%!8% (M 0 Me)ico #ith 5%,9%$!2% (M
Regard!g the $roble%s that ha&e crossed the cocoa $roducers I! '()' "as #
EXPORTS IN VALUE
0 *el"ium #ith9,679!56 (M!
0 0 0 0 0 0 0
Lack of technical assistance in crop mana"ement, :i"h cost of labor, Lo# market prices, 1nfavorable #eather, lack of roads, Lack of financin", poor product demand and :i"h interest rates! Presence of diseases and pests!
Production and E&ports of $ocoa 20(-20() 0 Cocoa %roduction in /[email protected]
, continues its groth trend,
!ecause the %lantations received maintenance and reha!ilitation, alloing higher yields. 0 the volume o" %roduction gre !y 00;, "our %oints %ercentage a!ove hat the varia!le gre last year 9A; Lack of roads communication =52&> 1nfavorable climate =5%&> Lack of fundin" =9&> horta"e of labor =$&> :i"h interest rates =2&>! ;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 @[email protected]
5Trade A.reement /eteen Ecuador and t'e European Union1 0 Ecuador closed 6%58 #ith one of the "reatest benefits for lar"e, medium and small companies #ho direct their products to the European market! 0 ;t is based on the strate"y of international tradin" kno#n as @#in#[email protected]
, 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 in the 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
,A%IATIO+S I+ E*PO%TS 20( main non-oil products in 3anuary 20( compared it' 3anuary 20() e&ports!