Latin America and the Caribbean: Maltodextrine Market 2024

Maltodextrine Market Size in Latin America and the Caribbean

The Latin American maltodextrine market shrank modestly to $X in 2021, falling by -3.8% against the previous year. In general, consumption saw a mild setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Maltodextrine Production in Latin America and the Caribbean

In value terms, maltodextrine production contracted slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a slight slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by 14%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Maltodextrine Exports

Exports in Latin America and the Caribbean

In 2021, the amount of maltodextrine and maltodextine syrup exported in Latin America and the Caribbean rose markedly to X tons, surging by 8.4% against 2020. Overall, exports posted buoyant growth. The growth pace was the most rapid in 2014 when exports increased by 112% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, maltodextrine exports expanded to $X in 2021. In general, exports, however, recorded a slight setback. The pace of growth appeared the most rapid in 2016 with an increase of 21% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Nicaragua was the key exporter of maltodextrine and maltodextine syrup in Latin America and the Caribbean, with the volume of exports reaching X tons, which was near 65% of total exports in 2021. Brazil (X tons) took the second position in the ranking, distantly followed by Chile (X tons) and Argentina (X tons). All these countries together held approx. 32% share of total exports.

Nicaragua was also the fastest-growing in terms of the maltodextrine and maltodextine syrup exports, with a CAGR of +7.2% from 2012 to 2021. Brazil experienced a relatively flat trend pattern. Chile (-1.9%) and Argentina (-10.6%) illustrated a downward trend over the same period. While the share of Nicaragua (+65 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Chile (-10.3 p.p.), Brazil (-19 p.p.) and Argentina (-24 p.p.) displayed negative dynamics.

In value terms, the largest maltodextrine supplying countries in Latin America and the Caribbean were Chile ($X), Nicaragua ($X) and Brazil ($X), with a combined 81% share of total exports.

Nicaragua, with a CAGR of +1.2%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, waning by -6.2% against the previous year. Overall, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when the export price increased by 31%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Nicaragua ($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 (+1.6%), while the other leaders experienced a decline in the export price figures.

Maltodextrine Imports

Imports in Latin America and the Caribbean

In 2021, supplies from abroad of maltodextrine and maltodextine syrup decreased by -0.3% to X tons, falling for the third consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 14%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, maltodextrine imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of 17% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in years to come.

Imports by Country

Mexico represented the largest importer of maltodextrine and maltodextine syrup in Latin America and the Caribbean, with the volume of imports reaching X tons, which was approx. 39% of total imports in 2021. Chile (X tons) held the second position in the ranking, distantly followed by Peru (X tons), Colombia (X tons), Costa Rica (X tons) and Brazil (X tons). All these countries together took approx. 46% share of total imports. Argentina (X tons) followed a long way behind the leaders.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of maltodextrine and maltodextine syrup. At the same time, Costa Rica (+5.7%) and Peru (+2.8%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +5.7% from 2012-2021. Chile, Argentina and Colombia experienced a relatively flat trend pattern. By contrast, Brazil (-1.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Costa Rica increased by +1.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported maltodextrine and maltodextine syrup in Latin America and the Caribbean, comprising 41% of total imports. The second position in the ranking was held by Chile ($X), with a 14% share of total imports. It was followed by Peru, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value in Mexico stood at +5.5%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+0.8% per year) and Peru (+7.1% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, surging by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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