Latin America and the Caribbean: Chewing Gum Market 2022

Chewing Gum Market Size in Latin America and the Caribbean

After three years of decline, the latin american chewing gum market increased by X% to $X in 2021.In general, consumption, however, continues to indicate a slight decline.The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Chewing Gum Production in Latin America and the Caribbean

In value terms, chewing gum production rose significantly to $X in 2021 estimated in export price.In general, production, however, recorded a perceptible curtailment.Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Chewing Gum Exports

Exports in Latin America and the Caribbean

In 2021, approx. X tons of chewing gum were exported in latin america and the caribbean; reducing by -X% compared with 2020.Over the period under review, exports saw a abrupt decrease.The pace of growth appeared the most rapid in 2016 when exports increased by X the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, chewing gum exports contracted to $X in 2021.Overall, exports recorded a abrupt decline.The growth pace was the most rapid in 2019 with an increase of X% against the previous year.Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons) and brazil (X tons) prevails in exports structure, together generating X% of total exports. Guatemala (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Colombia (X%) and Ecuador (X%). Chile (X tons) and argentina (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were in Guatemala (with a CAGR of +X%), while shipments for the other leaders experienced a decline in the exports figures.

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

In Mexico, chewing gum exports shrank by an average annual rate of -X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-X% per year) and Ecuador (-X% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, which is down by -X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Argentina ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+X%), while the other leaders experienced more modest paces of growth.

Chewing Gum Imports

Imports in Latin America and the Caribbean

After two years of decline, purchases abroad of chewing gum increased by X% to X tons in 2021.Over the period under review, imports, however, recorded a pronounced reduction.The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, chewing gum imports soared to $X in 2021.In general, imports, however, recorded a pronounced decline.The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Guatemala (X tons), distantly followed by Colombia (X tons), Venezuela (X tons), Peru (X tons), Bolivia (X tons), Honduras (X tons), Mexico (X tons) and the Dominican Republic (X tons) were the main importers of chewing gum, together mixing up X% of total imports. Paraguay (X tons), argentina (X tons), nicaragua (X tons), ecuador (X tons) and chile (X tons) followed a long way behind the leaders.

Imports into Guatemala increased at an average annual rate of +X% from 2012 to 2021. At the same time, Honduras (+X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2012-2021. Colombia and chile experienced a relatively flat trend pattern. By contrast, Mexico (-X%), Nicaragua (-X%), the Dominican Republic (-X%), Venezuela (-X%), Bolivia (-X%), Peru (-X%), Paraguay (-X%), Argentina (-X%) and Ecuador (-X%) illustrated a downward trend over the same period. Guatemala (+X p.p.), honduras (+X p.p.) and colombia (+X p.p.) significantly strengthened its position in terms of the total imports, while Argentina, Paraguay, Ecuador, Bolivia and Peru saw its share reduced by -X%, -X%, -X%, -X% and -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Venezuela ($X), Guatemala ($X) and Colombia ($X) were the countries with the highest levels of imports in 2021, with a combined X% share of total imports. These countries were followed by Mexico, Peru, Bolivia, Chile, the Dominican Republic, Honduras, Ecuador, Nicaragua, Argentina and Paraguay, which together accounted for a further X, with a cagr of +X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, import prices attained the maximum in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Venezuela ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Venezuela (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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