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Ecuador’S Flower Exports Hit $1 Billion Milestone, Boosted By Trade And Logistics
(MENAFN- The Rio Times) Ecuador's floriculture industry achieved a historic milestone in 2024, surpassing $1 billion in exports for the first time, according to Primicias. This achievement highlights the country's growing influence in the global flower market.
Improved logistics, technological innovation, and international trade agreements drive it. The sector exported 26,466 tons of flowers through Quito's Mariscal Sucre Airport in 2024, marking a 17% increase from the previous year.
Between January and September alone, flower exports generated $747 million. Alejandro Martínez, head of Expoflores, emphasized the importance of human expertise and technology adoption in achieving this milestone.
He also highlighted the role of post-pandemic logistical improvements. He noted that Ecuador's floriculture industry aims to double exports to $2 billion by 2034.
This ambitious target reflects the sector's confidence in sustained growth and its ability to meet increasing global demand. Trade agreements have played a pivotal role in expanding Ecuador's flower exports.
The recently signed deal with Canada is expected to further boost sales by eliminating tariffs on roses, previously taxed at 10.5%. This agreement grants Ecuador access to Canada's market of nearly 40 million consumers.
Ecuador's Flourishing Floriculture Sector
It also strengthens its position against competitors like Colombia and Peru. Trade between Ecuado and Canada currently totals $1.1 billion annually. The floriculture industry is a cornerstone of Ecuador's economy, supporting thousands of jobs in rural areas and generating significant export revenues.
Over 2,400 exporters supply flowers to more than 9,200 buyers across 130 countries. Ecuador ranks as the third-largest exporter of cut flowers globally, behind Colombia and the Netherlands.
Despite its success, the sector faces challenges such as high air transport costs. It also contends with stringent quality standards in international markets. To address these issues, companies are exploring alternatives like sea freight and diversifying export products.
Martínez believes continued investment in technology and logistics will be crucial for maintaining competitiveness. Ecuador's floriculture sector has proven resilient amid global uncertainties.
With strategic partnerships like the Canadian trade agreement and ongoing innovations, it is poised for sustained growth while contributing significantly to the nation's economic development.
Improved logistics, technological innovation, and international trade agreements drive it. The sector exported 26,466 tons of flowers through Quito's Mariscal Sucre Airport in 2024, marking a 17% increase from the previous year.
Between January and September alone, flower exports generated $747 million. Alejandro Martínez, head of Expoflores, emphasized the importance of human expertise and technology adoption in achieving this milestone.
He also highlighted the role of post-pandemic logistical improvements. He noted that Ecuador's floriculture industry aims to double exports to $2 billion by 2034.
This ambitious target reflects the sector's confidence in sustained growth and its ability to meet increasing global demand. Trade agreements have played a pivotal role in expanding Ecuador's flower exports.
The recently signed deal with Canada is expected to further boost sales by eliminating tariffs on roses, previously taxed at 10.5%. This agreement grants Ecuador access to Canada's market of nearly 40 million consumers.
Ecuador's Flourishing Floriculture Sector
It also strengthens its position against competitors like Colombia and Peru. Trade between Ecuado and Canada currently totals $1.1 billion annually. The floriculture industry is a cornerstone of Ecuador's economy, supporting thousands of jobs in rural areas and generating significant export revenues.
Over 2,400 exporters supply flowers to more than 9,200 buyers across 130 countries. Ecuador ranks as the third-largest exporter of cut flowers globally, behind Colombia and the Netherlands.
Despite its success, the sector faces challenges such as high air transport costs. It also contends with stringent quality standards in international markets. To address these issues, companies are exploring alternatives like sea freight and diversifying export products.
Martínez believes continued investment in technology and logistics will be crucial for maintaining competitiveness. Ecuador's floriculture sector has proven resilient amid global uncertainties.
With strategic partnerships like the Canadian trade agreement and ongoing innovations, it is poised for sustained growth while contributing significantly to the nation's economic development.
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