Latin America and the Caribbean: Precooked Cereal Grains Market 2020

Precooked Cereal Grains Market Size in Latin America and the Caribbean

The revenue of the precooked cereal grains market in Latin America and the Caribbean amounted to $X in 2017, rising by X% against the previous year. The precooked cereal grains consumption continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. Over the period under review, the precooked cereal grains market attained its maximum level in 2017, and is likely to continue its growth in the near future.

Precooked Cereal Grains Production in Latin America and the Caribbean

In 2017, the amount of precooked cereal grains produced in Latin America and the Caribbean stood at X tons, flattening at the previous year. The precooked cereal grains production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, when the output figure increased by X% against the previous year. Over the period under review, the precooked cereal grains production reached its maximum volume in 2017, and is expected to retain its growth in the immediate term.

Precooked Cereal Grains Exports in Latin America and the Caribbean

The exports totaled X tons in 2017, falling by -X% against the previous year. The precooked cereal grains exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2011, when it surged by X% against the previous year. The volume of exports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, precooked cereal grains exports totaled $X in 2017. The total exports indicated a moderate growth from 2007 to 2017: its value decreased 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 precooked cereal grains exports decreased by -X% against 2013 indices. Over the period under review, the precooked cereal grains exports reached its peak figure level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Precooked Cereal Grains Exports by Country in Latin America and the Caribbean

Chile was the key exporter of precooked cereal grains in Latin America and the Caribbean, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2017. Trinidad and Tobago (X tons) ranks second in terms of the global exports with a X% share, followed by El Salvador (X%) and Mexico (X%). Honduras (X tons) took the minor share of total exports.

Chile experienced a relatively flat trend pattern of precooked cereal grains exports. At the same time, Honduras (+X%) and Trinidad and Tobago (+X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Mexico (-X%) and El Salvador (-X%) illustrated a downward trend over the same period. While the share of El Salvador (X%) and Mexico (X%) increased significantly in terms of the global exports from 2007-2017, the share of Trinidad and Tobago (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) remains the largest precooked cereal grains supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Trinidad and Tobago ($X), with a X% share of global exports. It was followed by Mexico, with a X% share.

In Chile, precooked cereal grains exports increased at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Trinidad and Tobago (+X% per year) and Mexico (-X% per year).

Precooked Cereal Grains Export Prices by Country in Latin America and the Caribbean

In 2017, the precooked cereal grains export price in Latin America and the Caribbean amounted to $X per ton, coming up by X% against the previous year. The export price indicated a strong increase from 2007 to 2017: its price 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 2008, when the export prices increased by X% year-to-year. Over the period under review, the export prices for precooked cereal grains attained its maximum level in 2017, and is expected to retain its growth in the near future.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Chile ($X per ton), while El Salvador ($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 Chile (+X% per year), while the other leaders experienced more modest paces of growth.

Precooked Cereal Grains Imports in Latin America and the Caribbean

In 2017, the amount of precooked cereal grains imported in Latin America and the Caribbean amounted to X tons, going up by X% against the previous year. The total imports 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 precooked cereal grains imports increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2011, when it surged by X% year-to-year. The volume of imports peaked in 2017, and are likely to continue its growth in the near future.

In value terms, precooked cereal grains imports amounted to $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The level of imports peaked of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Precooked Cereal Grains Imports by Country in Latin America and the Caribbean

In 2017, Colombia (X tons) was the major importer for precooked cereal grains, making up X% of total imports. Mexico (X tons) ranks second in terms of the global imports with a X% share, followed by Jamaica (X%), Peru (X%), Guatemala (X%) and the Dominican Republic (X%). The following importers - Costa Rica (X tons), Nicaragua (X tons), Chile (X tons), Bolivia (X tons), Trinidad and Tobago (X tons) and Ecuador (X tons) together made up X% of total imports.

Imports into Colombia increased at an average annual rate of +X% from 2007 to 2017. At the same time, Nicaragua (+X%), Chile (+X%), Trinidad and Tobago (+X%), the Dominican Republic (+X%), Ecuador (+X%), Peru (+X%), Jamaica (+X%), Bolivia (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, Nicaragua emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Costa Rica experienced a relatively flat trend pattern. By contrast, Guatemala (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Guatemala increased by X% percentage points, while Trinidad and Tobago (-X%), Chile (-X%), Peru (-X%), Nicaragua (-X%), Jamaica (-X%), the Dominican Republic (-X%) and Colombia (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X), Colombia ($X) and Mexico ($X) constituted the countries with the highest levels of imports in 2017, together accounting for X% of total imports. These countries were followed by Jamaica, Trinidad and Tobago, Guatemala, Nicaragua, Ecuador, the Dominican Republic, Bolivia, Chile and Costa Rica, which together accounted for a further X%.

Among the main importing countries , Nicaragua (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Precooked Cereal Grains Import Prices by Country in Latin America and the Caribbean

The precooked cereal grains import price in Latin America and the Caribbean stood at $X per ton in 2017, shrinking by -X% against the previous year. The precooked cereal grains import price continues to indicate a mild deduction. The most prominent rate of growth was recorded in 2008, an increase of X% against the previous year. The level of import price peaked of $X per ton in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Trinidad and Tobago ($X per ton), while Colombia ($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 Bolivia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform