Latin America and the Caribbean: Pastry Products Market 2020

Pastry Products Market Size in Latin America and the Caribbean

The revenue of the pastry products market in Latin America and the Caribbean amounted to $X in 2017, lowering by -X% against the previous year. The pastry products consumption continues to indicate a mild downturn. The pace of growth was the most pronounced in 2013, when market value increased by X% year-to-year. In that year, the pastry products market reached their peak level of $X. From 2014 to 2017, growth of the pastry products market stood at a somewhat lower level.

Pastry Products Production in Latin America and the Caribbean

In 2017, the amount of cake and pastry products produced in Latin America and the Caribbean totaled X tons, shrinking by -X% against the previous year. The pastry products production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013, with an increase of X% against the previous year. Over the period under review, the pastry products production reached its peak figure volume of X tons in 2016, and then declined slightly in the following year.

Pastry Products Exports in Latin America and the Caribbean

The exports amounted to X tons in 2017, rising by X% against the previous year. The total exports indicated a remarkable growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the pastry products exports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2010, when exports increased by X% y-o-y. Over the period under review, the pastry products exports attained its maximum volume in 2017, and are likely to continue its growth in the near future.

In value terms, pastry products exports totaled $X in 2017. The pastry products exports continue to indicate a strong increase. Over the period under review, the pastry products exports attained its peak figure level in 2017, and are expected to retain its growth in the near future.

Pastry Products Exports by Country in Latin America and the Caribbean

Mexico prevails in pastry products exports structure, amounting to X tons, which was near X% of total exports in 2017. El Salvador (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Guatemala (X%), Argentina (X%) and Honduras (X%). The following exporters - Colombia (X tons) and Peru (X tons) each amounted to a X% share of total exports.

Mexico was also the fastest growing in terms of the cake and pastry products exports, with a CAGR of +X% from 2007 to 2017. At the same time, Honduras (+X%), Guatemala (+X%), Colombia (+X%), Peru (+X%) and El Salvador (+X%) displayed positive paces of growth. By contrast, Argentina (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Peru, Colombia, Honduras, El Salvador, Guatemala and Mexico decreased by -X%, -X%, -X%, -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest pastry products supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by El Salvador ($X), with a X% share of global exports. It was followed by Guatemala, with a X% share.

In Mexico, pastry products exports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: El Salvador (+X% per year) and Guatemala (+X% per year).

Pastry Products Export Prices by Country in Latin America and the Caribbean

The pastry products export price in Latin America and the Caribbean stood at $X per ton in 2017, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2012, when it surged by X% year-to-year. Over the period under review, the export prices for cake and pastry products attained its maximum level of $X per ton in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Colombia ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Mexico (+X% per year), while the other leaders experienced more modest paces of growth.

Pastry Products Imports in Latin America and the Caribbean

The imports totaled X tons in 2017, coming down by -X% against the previous year. The total imports indicated a strong increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. The volume of imports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, pastry products imports amounted to $X in 2017. The total imports indicated a strong growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the pastry products imports decreased by -X% against 2015 indices. Over the period under review, the pastry products imports attained its peak figure level of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Pastry Products Imports by Country in Latin America and the Caribbean

In 2017, Mexico (X tons), distantly followed by Honduras (X tons), Guatemala (X tons), Nicaragua (X tons), Chile (X tons), El Salvador (X tons), Uruguay (X tons) and Panama (X tons) represented the key importers of cake and pastry products, together making up X% of total imports. The following importers - Colombia (X tons), Paraguay (X tons), Costa Rica (X tons) and the Dominican Republic (X tons) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by El Salvador (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported cake and pastry products in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Honduras ($X), with a X% share of global imports. It was followed by Guatemala, with a X% share.

In Mexico, pastry products imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Honduras (+X% per year) and Guatemala (+X% per year).

Pastry Products Import Prices by Country in Latin America and the Caribbean

The pastry products import price in Latin America and the Caribbean stood at $X per ton in 2017, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. The level of import price peaked of $X per ton in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was the Dominican Republic ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Chile (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform