MERCOSUR: Dried Grapes Market 2024

Dried Grapes Market Size in MERCOSUR

The MERCOSUR dried grapes market expanded significantly to $X in 2022, picking up by 9.7% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.4% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Dried Grapes Production in MERCOSUR

In value terms, dried grapes production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 18% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Dried Grapes Exports

Exports in MERCOSUR

In 2022, approx. X tons of dried grapes were exported in MERCOSUR; dropping by -6.3% against the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 30% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, dried grapes exports reduced slightly to $X in 2022. Overall, exports saw a noticeable setback. The pace of growth appeared the most rapid in 2018 with an increase of 41% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Chile (X tons) was the largest exporter of dried grapes, generating 67% of total exports. It was distantly followed by Argentina (X tons), creating a 31% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to dried grapes exports from Chile stood at -1.3%. Argentina experienced a relatively flat trend pattern. From 2012 to 2022, the share of Argentina increased by +2.7 percentage points.

In value terms, Chile ($X) remains the largest dried grapes supplier in MERCOSUR, comprising 72% of total exports. The second position in the ranking was taken by Argentina ($X), with a 27% share of total exports.

In Chile, dried grapes exports declined by an average annual rate of -3.0% over the period from 2012-2022.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, with an increase of 6.6% against the previous year. Over the period under review, the export price, however, recorded a perceptible slump. The growth pace was the most rapid in 2013 when the export price increased by 13% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while Argentina amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (-1.7%).

Dried Grapes Imports

Imports in MERCOSUR

In 2022, imports of dried grapes in MERCOSUR expanded rapidly to X tons, picking up by 5% on the previous year. Overall, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, dried grapes imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2018 when imports increased by 18%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil represented the major importer of dried grapes in MERCOSUR, with the volume of imports finishing at X tons, which was approx. 59% of total imports in 2022. Colombia (X tons) ranks second in terms of the total imports with a 15% share, followed by Peru (13%) and Ecuador (5.3%). The following importers - Venezuela (X tons) and Uruguay (X tons) - together made up 4.3% of total imports.

From 2012 to 2022, average annual rates of growth with regard to dried grapes imports into Brazil stood at +2.0%. At the same time, Uruguay (+2.9%), Ecuador (+2.8%), Colombia (+1.8%) and Peru (+1.1%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +2.9% from 2012-2022. By contrast, Venezuela (-10.0%) illustrated a downward trend over the same period. While the share of Brazil (+6.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Venezuela (-5.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported dried grapes in MERCOSUR, comprising 59% of total imports. The second position in the ranking was held by Peru ($X), with a 16% share of total imports. It was followed by Colombia, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Peru (-0.6% per year) and Colombia (-1.4% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, growing by 11% against the previous year. In general, the import price, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 12% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Peru ($X per ton) and Uruguay ($X per ton), while Ecuador ($X per ton) and Venezuela ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform