Latin America and the Caribbean: Beet-Pulp And Bagasse Market 2024

Beet-Pulp And Bagasse Market Size in Latin America and the Caribbean

The Latin American beet-pulp and bagasse market reduced modestly to $X in 2022, approximately equating the previous year. Over the period under review, consumption, however, posted pronounced growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Beet-Pulp And Bagasse Production in Latin America and the Caribbean

In value terms, beet-pulp and bagasse production contracted to $X in 2022 estimated in export price. The total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.4% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 32%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Beet-Pulp And Bagasse Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of beet-pulp and bagasse were exported in Latin America and the Caribbean; shrinking by -73.2% compared with the year before. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2020 when exports increased by 101% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, beet-pulp and bagasse exports contracted rapidly to $X in 2022. In general, exports, however, showed tangible growth. The most prominent rate of growth was recorded in 2020 with an increase of 77% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Chile (X tons), together amounting to 99% of total export.

Chile was also the fastest-growing in terms of the beet-pulp and bagasse exports, with a CAGR of -2.1% from 2012 to 2022. From 2012 to 2022, the share of Chile increased by +33 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) also remains the largest beet-pulp and bagasse supplier in Latin America and the Caribbean.

In Chile, beet-pulp and bagasse exports increased at an average annual rate of +4.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, growing by 116% against the previous year. Overall, the export price showed buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to +6.5% per year.

Beet-Pulp And Bagasse Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of beet-pulp and bagasse increased by 0.1% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2018 when imports increased by 144%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, beet-pulp and bagasse imports surged to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 86% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil represented the main importing country with an import of about X tons, which resulted at 55% of total imports. It was distantly followed by Mexico (X tons), Argentina (X tons) and Ecuador (X tons), together constituting a 39% share of total imports. Uruguay (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to beet-pulp and bagasse imports into Brazil stood at +5.8%. At the same time, Ecuador (+23.2%), Uruguay (+18.4%) and Argentina (+1.7%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +23.2% from 2012-2022. By contrast, Mexico (-13.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Argentina and Ecuador increased by +31, +5.3 and +4.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported beet-pulp and bagasse in Latin America and the Caribbean, comprising 58% of total imports. The second position in the ranking was taken by Argentina ($X), with a 22% share of total imports. It was followed by Mexico, with a 9.7% share.

In Brazil, beet-pulp and bagasse imports increased at an average annual rate of +4.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+6.8% per year) and Mexico (-14.8% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, surging by 17% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 an increase of 25% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uruguay ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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