MERCOSUR: Festive Articles Market 2024

Festive Articles Market Size in MERCOSUR

The MERCOSUR festive articles market rose rapidly to $X in 2022, with an increase of 8.1% against the previous year. Over the period under review, consumption showed resilient growth. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Festive Articles Production in MERCOSUR

In value terms, festive articles production dropped modestly to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -12.0% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 84% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Festive Articles Exports

Exports in MERCOSUR

In 2022, approx. X tons of festive or carnival articles were exported in MERCOSUR; which is down by -80.6% on the year before. In general, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by 129%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, festive articles exports fell markedly to $X in 2022. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 51% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X tons), Ecuador (X tons) and Brazil (X tons) represented roughly 74% of total exports in 2022. Chile (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Peru (7.8%). The following exporters - Argentina (X tons) and Venezuela (X tons) - each resulted at a 4% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +14.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Chile ($X) and Brazil ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 77% share of total exports.

Colombia, with a CAGR of +17.6%, recorded the highest growth rate of the value of exports, among 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

The export price in MERCOSUR stood at $X per ton in 2022, increasing by 256% against the previous year. Overall, the export price continues to indicate prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+26.3%), while the other leaders experienced more modest paces of growth.

Festive Articles Imports

Imports in MERCOSUR

In 2022, overseas purchases of festive or carnival articles increased by 7.8% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 60%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, festive articles imports reached $X in 2022. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 98%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Chile (X tons), distantly followed by Peru (X tons), Brazil (X tons), Colombia (X tons), Argentina (X tons) and Ecuador (X tons) represented the major importers of festive or carnival articles, together making up 92% of total imports. Venezuela (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Peru (with a CAGR of +21.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest festive articles importing markets in MERCOSUR were Chile ($X), Peru ($X) and Brazil ($X), with a combined 61% share of total imports.

Peru, with a CAGR of +19.8%, saw the highest rates of growth with regard to the value of imports, in terms of 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

The import price in MERCOSUR stood at $X per ton in 2022, declining by -3.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 24%. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Venezuela ($X per ton), while Colombia ($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 (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform