Latin America and the Caribbean: Cereal Market 2025

Cereal Market Size in Latin America and the Caribbean

In 2022, after two years of growth, there was decline in the Latin American cereal market, when its value decreased by X% to $X. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Cereal Production in Latin America and the Caribbean

In value terms, cereal production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight reduction. The growth pace was the most rapid in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Brazil (X tons), Argentina (X tons) and Mexico (X tons), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average cereal yield expanded modestly to X tons per ha in 2022, growing by X% on the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cereal harvested area dropped modestly to X ha in 2022, approximately mirroring 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to cereal production attained the maximum at X ha in 2021, and then reduced slightly in the following year.

Cereal Exports

Exports in Latin America and the Caribbean

In 2022, after two years of decline, there was significant growth in overseas shipments of cereals, when their volume increased by X% to X tons. Total exports indicated a remarkable increase 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. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, cereal exports surged to $X in 2022. In general, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons) and Brazil (X tons) prevails in exports structure, together constituting X% of total exports. It was distantly followed by Paraguay (X tons), achieving a X% share of total exports.

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

In value terms, the largest cereal supplying countries in Latin America and the Caribbean were Argentina ($X), Brazil ($X) and Paraguay ($X), together comprising X% of total exports.

Brazil, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the export price figures.

Cereal Imports

Imports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded growth in supplies from abroad of cereals, which increased by X% to X tons in 2022. Total imports indicated tangible 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 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, cereal imports soared to $X in 2022. Total imports indicated a pronounced increase 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 2015 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Mexico was the major importing country with an import of around X tons, which resulted at X% of total imports. Brazil (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%), Peru (X%), Guatemala (X%) and the Dominican Republic (X%). Chile (X tons), Venezuela (X tons), Cuba (X tons), Ecuador (X tons), Costa Rica (X tons), El Salvador (X tons) and Honduras (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cereal imports into Mexico stood at X%. At the same time, the Dominican Republic (X%), Guatemala (X%), Honduras (X%), Ecuador (X%), El Salvador (X%), Colombia (X%), Peru (X%), Costa Rica (X%) and Brazil (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Cuba and Chile experienced a relatively flat trend pattern. By contrast, Venezuela (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), the Dominican Republic (X p.p.) and Guatemala (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Chile (X p.p.), Brazil (X p.p.) and Venezuela (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported cereals in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Brazil (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Chile ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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