MERCOSUR: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in MERCOSUR

The MERCOSUR market for crispbread, rusks and toasted bread expanded slightly to $X in 2022, rising by 2.1% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Crispbread, Rusks and Toasted Bread in MERCOSUR

In value terms, crispbread, rusk and toasted bread production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by 28% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Crispbread, Rusks and Toasted Bread

Exports in MERCOSUR

In 2022, exports of crispbread, rusks and toasted bread in MERCOSUR rose remarkably to X tons, picking up by 11% compared with the previous year. Total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.0% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 22%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, crispbread, rusk and toasted bread exports soared to $X in 2022. The total export value increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 22% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2022, Brazil (X tons) was the largest exporter of crispbread, rusks and toasted bread, achieving 67% of total exports. Colombia (X tons) took the second position in the ranking, distantly followed by Argentina (X tons). All these countries together took approx. 29% share of total exports. Peru (X tons) took a little share of total exports.

Exports from Brazil increased at an average annual rate of +9.0% from 2012 to 2022. At the same time, Colombia (+15.8%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +15.8% from 2012-2022. By contrast, Argentina (-6.4%) and Peru (-17.3%) illustrated a downward trend over the same period. While the share of Brazil (+21 p.p.) and Colombia (+14 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (-15 p.p.) and Peru (-20.1 p.p.) displayed negative dynamics.

In value terms, Brazil ($X), Colombia ($X) and Argentina ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 92% of total exports.

Colombia, with a CAGR of +17.4%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, picking up by 5.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 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 Peru ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+5.8%), while the other leaders experienced more modest paces of growth.

Imports of Crispbread, Rusks and Toasted Bread

Imports in MERCOSUR

In 2022, purchases abroad of crispbread, rusks and toasted bread decreased by -15.5% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 38%. Over the period under review, imports hit record highs at X tons in 2021, and then declined notably in the following year.

In value terms, crispbread, rusk and toasted bread imports declined to $X in 2022. Overall, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 36%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

Ecuador (X tons), Chile (X tons) and Colombia (X tons) represented roughly 67% of total imports in 2022. Uruguay (X tons) held the next position in the ranking, followed by Argentina (X tons) and Peru (X tons). All these countries together took near 23% share of total imports. Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +52.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Ecuador ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 58% share of total imports.

Among the main importing countries, Ecuador, with a CAGR of +49.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, increasing by 11% against the previous year. Overall, the import price, however, showed a pronounced curtailment. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform