TITULO

Cedeo Juan Carlos.

Garay Kevin
Gavilnez Jamileth.
Lalangui Evelyn
Mata Karla
Medina Diana
September 7th, 2015

Introduction
Ecuadorian
cocoa is
recognized
around the
world because
of its diversity
in flavor and
aroma.

Production and variety in Ecuador

Cocoa production takes place

mainly in the provinces of
Esmeraldas, Manab, Los
Rios, Guayas, Pichincha,
Napo and Sucumbos.

The product has the following presentations:

Cocoa
powder

Cocoa
cake

Cocoa
paste

Cocoa
beans

Cocoa
butter

presentatio
ns

Chocola
te

Additional Information
The cocoa is produced in the coastal region as
well as in the highlands and the Amazon region.

Due to the geographical factors in Ecuador it is

possible to grow a product with such unique
characteristicsat an international level.

cocoa producer countries of

fine and good aroma

Statistical information

Nowad
ays,
over
70% of
the
worlds
fine
aroma
cocoa
product
ion
belong
s to
Ecuado
r

Ecuad
orian
Cocoa
is one
of the
most
import
ant
produ
cts in
Ecuad
or.

makin
g the
countr
y the
largest
produc
er of fi
ne
aroma
cocoa.

The trade
balance consists
of products
exported to a
country to
another

The Central
Bank of Ecuador
ranks export
products Oil and
non-oil.

Within the nonoil export

products are
traditional
products
-Banana, coffee,
shrimp and
cocoa

the non-oil items

FOB prices to
will be taken into
account; to
establish the
evolution of the
trade balance of
Ecuador

General Analysis

General analysis
Cocoa is known in Ecuador as the "gold
nugget" that dominated for centuries
generating foreign exchange for the
country.

Its importance in the economy is that

the cocoa, in 2010, was the fifth product
more
exported by Ecuador, in non-oil exports
According to the Central Bank of
Ecuador, for the first quarter of 2013,
exports of cocoa were the third most
exported product, reaching a value of $
131 million.

Reviewing the statistics, it is important to note that

Main export destinations of cocoa, its elaborate and
confectionery, were United States (26%), followed
by the Netherlands (10%) and Malaysia (9%).

Evolution
ofofexports
Exports
cocoa and its
derivatives
have shown
steady
growth over
the period
2006-2010,
reaching an
annual
average
growth rate
(AAGR) of
25.45%

Ecuadorian
exports of
this product
were $
423,211,000
and July
2011 and
recorded
USD 278 062
000.

In 2009
export
volume
increased to
143.304
metric tons,
while in 2010
the export
quantity
decreased to
133.056

cocoa beans, which is the most exported product in this category, with
an AAGR for the period 2006-2010 of 25% and an export share of the
whole sector in 2010 of 82.75%
Another representative product is cocoa paste, which has an AAGR of
32.2%
The product that generates added value is chocolate and other food
preparations containing cocoa, which recorded a decrease in exports to
the world during 2006-2010, especially in the year 2009, however, the

Ecuadorian imports
industry

In 2010 was $ 21,966,440 and represented 99% of

total imports of cocoa and elaborates of Ecuador
to the world
in 2010 was $ 21,966,440 and represented 99% of
total imports of cocoa and elaborate of Ecuador to
the world

Ecuador has a deficit

in relation to trade
chocolate and other
food preparations
containing cocoa

in 2010 Ecuador
exported 4,280,430
and imported USD
21,155,330,
registering a trade
deficit of USD 16,874,900

2000-2003

Balance of Trade
Dollarization

Sucre

Balance of Trade in
DEFICIT

Balance of Trade in
SURPLUS

Because
the
currency
was
devalued to export a
greater volume at
expense of the loss
of purchasing power
of people.

Cocoa export
destinations

In 2000 Ecuador had a large

Cocoa main markets
reduction
in
its
export
(Tons)
volume due to the reduction
2000
% 2001
%
in the quantity demanded by COUNTRIES 1999
33,120.3 12,194.4
20,270.7
the United States.
EEUU

The second most important

destination country in 2001
was Germany (10,260 tons ).

Between Italy and France in

2001 covered 15% of total
cocoa exports of Ecuador,
becoming important markets
for Ecuadorian cocoa.

24

7
37
10,260.8
GERMANY 4,171.11 7,653.75 15
5
19
NETHERLA
NDS
9, 753.59 7,246.56 15 5,256.33 10
ITALY
4,464.27 4,345.04 9 5,141.61 9
FRANCE 2,261.68 3,472.77 7 3,548.35 6
JAPAN
3,656.56 5,621.79 11 3,417.58 6
CANADABCE2,728.12 2,511.99 5 3,075.32 6
Source:

Cocoa and processed

exports
IN THOUSAND DOLLARS-FOB
PRODUCTS

Cocoa beans
Processed
cocoa
Source: BCE

TOTAL

1999
2000
2001
63,930.6
54,631.4
9
38,128.60
7
42,414.5
31,242.5
1
39,232.32
9
106,345.
85,873.0
20
77,360.92
6

%
Variation
20002001
43.28
(20.37)
11.00

Between 2001 and 2000, they decreased by

6.90% in tons and were up 11% in FOB
thousand dollars. It was mainly for the cold
snap that faced all the Ecuadorian coast
affecting cocoa production.

Non-oil products
Cocoa recovered from the
damage, in 2000 with
exports of $ 77,36 went to $
170 in 2003.
With these increase cocoa
sector experienced a rise in
prices of export quintals
because the cacao seed was
genetically improved,
Ecuador being the best
quality cocoa for its aroma
and flavor.

Cocoa exports in thousand $169,641.50

dollars
$129,056.60

$77,360.95

2000

$86,610.43

2001

2002

2003

Cocoa export has been increasing constantly, with a pick in 2003.

During this years cocoa export earnings were boosted by the
recovery of the international price. According to FAO, the
expectations of a smaller harvest by leading producers of cocoa,
including Ivory Coast, Ghana and Indonesia, made international
cocoa prices to rise.

2012-2014

Production and
Exports of Cocoa
2012-2013
Cocoa production in 2013 grew for the fourth
consecutive year.
This result is due to the implementation of the Cocoa
Rehabilitation Project, which was launched by BNF and
Production volume grew by 7%.
In the second half of 2013, the volume of cocoa exports
have a growth of 23.62% compared with exports in the
second half of 2012

COCOA EXPORT VOLUME

The largest buyers of cocoa Ecuadorian beans were:

United States with 37,691.62 TM

2013

2012

Netherlands with 11,550.40 TM

Mexico with 10,807.30 TM

77,633.19 TM

95,971.09 TM

Regarding the problems that have crossed the

cocoa producers In 2012 was :

EXPORTS IN VALUE
2012

USD 187,363.130

Belgium with8,258.12 TM.

2013

USD 250,941,550

Lack of technical assistance in crop management,

High cost of labor,
Low market prices,
Unfavorable weather, lack of roads,
Lack of financing, poor product demand and
High interest rates.
Presence of diseases and pests.

Production and Exports

of Cocoa 2013-2014
Cocoa production in 2014, continues its growth trend,
because the plantations received maintenance and
rehabilitation, allowing higher yields.
the volume of production grew by 11%, four points
percentage above what the variable grew last year (7%).
In the second half of 2014, the volume of cocoa exports
saw a growth of 14.24% compared with exports in the
second half of 2013

EXPORTACIONES EN VOLUMEN DE CACAO

2013

2014

Los mayores compradores de cacao ecuatoriano en

grano fueron:
United States with 48,947.18 TM
Netherlands with 11,834.38 TM

95,861.25 TM

109,512.30 TM

Mexico with 11,785.66 TM

Indonesia with 6,329.14 TM
Colombia with 4,951.18 TM

LAS EXPORTACIONES EN VALOR

2013

USD 251,187,110

2014

USD 333,384,800

Canad with 3,956.22 TM

Regarding the problems that have crossed

cocoa producers, mentioned:

The lack of technical assistance (21%)

Low price of the product (16%)
High costs of labor (15%)
Lack of roads communication (13%)
Unfavorable climate (10%)
Lack of funding (8%)
Shortage of labor (7%)
High interest rates (3%).
In the canton Santa Rosa, water quality is still a
problem for cocoa production due to mining taking
place in this sector, since it is polluting water
resources (water) which facilitates the presence of
pests like "Monilla".

"Trade Agreement

between Ecuador and

the European Union"
Ecuador closed 2014 with one of the greatest benefits for large, medium and small
companies who direct their products to the European market.
It is based on the strategy of international trading known as "win-win", they made
sure the negotiated agreement is of mutual benefit to both sides, obviously
defending the interests as a country, but at the same time taking into account the
European Union .
The agreement will take effect in 2016 and will allow Ecuadorian products to enter
duty-free to a market of over 500 million consumers, which undoubtedly created in
the medium and / or long term:
1. Increased competition for Ecuadorian products
2. Increased exports to the EU
3. One of the beneficiaries are Cocoa products
The export sector could consider creating a differentiating factor that allows them to
generate added value in their products and therefore sell at better prices
.

VARIATIONS IN
EXPORTS
2015
main
non-oil
products
in
January
2015
compared
with
January
2014
exports.

Conclusion

Conclusi
on

References
http://www.proecuador.gob.ec/pubs/analisis-sector-cacao-2013/
http://www.canacacao.org/uploads/smartsection/19_Estudio_de_Caso_Caca
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http://www.proecuador.gob.ec/wpcontent/uploads/downloads/2011/11/PROEC-AS2011-CACAO.pdf
http://www.telegrafo.com.ec/noticias/informaciongeneral/item/exportaciones-de-cacao-y-cafe-mejoran-en-ecuador.html
http://contenido.bce.fin.ec/documentos/PublicacionesNotas/Catalogo/Encue
stas/Coyuntura/Integradas/etc201304.pdf
http://www.proecuador.gob.ec/wpcontent/uploads/2015/01/BoletinDiciembre14-final.pdf
http://contenido.bce.fin.ec/documentos/PublicacionesNotas/Catalogo/Encue
stas/Coyuntura/Integradas/etc201404.pdf
http://agroecuador.com/HTML/Noticias%20del
%20dia/2015/31032015/2015_BalanzaComercialEcuador
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