MERCOSUR: Biological Product Market 2024

Biological Product Market Size in MERCOSUR

In 2022, the MERCOSUR biological product market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption saw a deep reduction. As a result, consumption reached the peak level of $X, and then declined notably in the following year.

Biological Product Production in MERCOSUR

In value terms, biological product production contracted to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Biological Product Exports

Exports in MERCOSUR

In 2022, after two years of decline, there was significant growth in overseas shipments of biological products, when their volume increased by X% to X tons. Total exports indicated a prominent 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. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, biological product exports shrank to $X in 2022. Overall, exports, however, continue to indicate a mild decline. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina was the largest exporter of biological products in MERCOSUR, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Uruguay (X tons) ranks second in terms of the total exports with a X% share, followed by Brazil (X%), Chile (X%) and Paraguay (X%).

From 2012 to 2022, average annual rates of growth with regard to biological product exports from Argentina stood at X%. At the same time, Paraguay (X%), Brazil (X%), Chile (X%) and Uruguay (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. Paraguay (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Uruguay saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest biological product supplying countries in MERCOSUR were Argentina ($X), Brazil ($X) and Uruguay ($X), with a combined X% share of total exports. Paraguay and Chile lagged somewhat behind, together accounting for a further X%.

Paraguay, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 MERCOSUR amounted to $X per ton, dropping by X% against the previous year. Overall, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Biological Product Imports

Imports in MERCOSUR

In 2022, supplies from abroad of biological products decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, biological product imports contracted remarkably to $X in 2022. In general, imports, however, saw mild growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined notably in the following year.

Imports by Country

In 2022, Colombia (X tons), distantly followed by Brazil (X tons), Ecuador (X tons), Argentina (X tons) and Chile (X tons) represented the main importers of biological products, together achieving X% of total imports. The following importers - Paraguay (X tons) and Venezuela (X tons) - together made up X% of total imports.

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

In value terms, the largest biological product importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Colombia ($X), with a combined X% share of total imports.

Argentina, with a CAGR of X%, recorded the highest growth rate of 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 2022, the import price in MERCOSUR amounted to $X per ton, growing by X% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price 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. As a result, import price reached 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 Argentina ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, 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