Latin America and the Caribbean: Bread And Bakery Market 2024

Bread And Bakery Market Size in Latin America and the Caribbean

In 2022, the Latin American bread and bakery market decreased by X% to $X, falling for the second year in a row after four years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Bread And Bakery Production in Latin America and the Caribbean

In value terms, bread and bakery production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Bread And Bakery Exports

Exports in Latin America and the Caribbean

In 2022, bread and bakery exports in Latin America and the Caribbean expanded significantly to X tons, with an increase of X% compared with 2021. Overall, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, bread and bakery exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico dominates exports structure, recording X tons, which was approx. X% of total exports in 2022. Guatemala (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Brazil (X%), Peru (X%) and El Salvador (X%). Colombia (X tons) and Costa Rica (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to bread and bakery exports from Mexico stood at X%. At the same time, Colombia (X%), Peru (X%), Brazil (X%), Guatemala (X%), Costa Rica (X%) and El Salvador (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Mexico increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest bread and bakery supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

In Mexico, bread and bakery exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Guatemala (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The level of export peaked at $X per ton in 2018; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Mexico ($X per ton) and Colombia ($X per ton), while El Salvador ($X per ton) and Peru ($X per ton) were amongst the lowest.

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

Bread And Bakery Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of bread and bakery were imported in Latin America and the Caribbean; with an increase of X% compared with 2021. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2014 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, bread and bakery imports soared to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

The countries with the highest levels of bread and bakery imports in 2022 were Mexico (X tons), Guatemala (X tons) and Chile (X tons), together accounting for X% of total import. Nicaragua (X tons) took the next position in the ranking, followed by El Salvador (X tons), Colombia (X tons) and Honduras (X tons). All these countries together held near X% share of total imports. The following importers - the Dominican Republic (X tons), Panama (X tons), Costa Rica (X tons), Paraguay (X tons), Uruguay (X tons) and Venezuela (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Panama (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported bread and bakery in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with an X% share of total imports. It was followed by Guatemala, with a X% share.

In Mexico, bread and bakery imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Chile (X% per year) and Guatemala (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Honduras ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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