MERCOSUR: Market for Flaked or Rolled Cereals 2025

Market Size for Flaked or Rolled Cereals in MERCOSUR

In 2022, after five years of growth, there was decline in the MERCOSUR flaked or rolled cereal market, when its value decreased by -1.8% to $X. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +32.7% against 2015 indices. The level of consumption peaked at $X in 2021, and then shrank slightly in the following year.

Production of Flaked or Rolled Cereals in MERCOSUR

In value terms, flaked or rolled cereal production amounted to $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 -1.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 27%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Flaked or Rolled Cereals

Exports in MERCOSUR

After four years of growth, overseas shipments of flaked or rolled cereals decreased by -0.7% to X tons in 2022. Overall, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 208% against the previous year. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, flaked or rolled cereal exports skyrocketed to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 185%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2022, Argentina (X tons) was the major exporter of flaked or rolled cereals, mixing up 67% of total exports. It was distantly followed by Chile (X tons), comprising a 30% share of total exports. Brazil (X tons) followed a long way behind the leaders.

Exports from Argentina increased at an average annual rate of +4.1% from 2012 to 2022. At the same time, Chile (+53.7%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +53.7% from 2012-2022. By contrast, Brazil (-2.0%) illustrated a downward trend over the same period. Chile (+30 p.p.) significantly strengthened its position in terms of the total exports, while Brazil and Argentina saw its share reduced by -3% and -26.8% from 2012 to 2022, respectively.

In value terms, the largest flaked or rolled cereal supplying countries in MERCOSUR were Chile ($X), Argentina ($X) and Brazil ($X), with a combined 96% share of total exports.

Chile, with a CAGR of +53.7%, saw 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

In 2022, the export price in MERCOSUR amounted to $X per ton, surging by 17% against the previous year. Over the period under review, the export price enjoyed a moderate increase. The most prominent rate of growth was recorded in 2016 an increase of 67%. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 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 ($X per ton), while Argentina ($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 (+2.9%), while the other leaders experienced more modest paces of growth.

Imports of Flaked or Rolled Cereals

Imports in MERCOSUR

In 2022, supplies from abroad of flaked or rolled cereals increased by 2.9% to X tons, rising for the fifth year in a row after two years of decline. Overall, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 185% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, flaked or rolled cereal imports rose modestly to $X in 2022. In general, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 103%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Uruguay (X tons) was the key importer of flaked or rolled cereals, achieving 55% of total imports. It was distantly followed by Chile (X tons) and Colombia (X tons), together committing a 33% share of total imports. The following importers - Peru (X tons), Venezuela (X tons) and Ecuador (X tons) - together made up 10% of total imports.

From 2012 to 2022, average annual rates of growth with regard to flaked or rolled cereal imports into Uruguay stood at +18.6%. At the same time, Peru (+25.2%), Colombia (+15.8%) and Ecuador (+2.2%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +25.2% from 2012-2022. By contrast, Chile (-3.4%) and Venezuela (-3.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uruguay, Colombia and Peru increased by +38, +3.8 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest flaked or rolled cereal importing markets in MERCOSUR were Uruguay ($X), Chile ($X) and Colombia ($X), with a combined 78% share of total imports. Venezuela, Peru and Ecuador lagged somewhat behind, together comprising a further 18%.

Among the main importing countries, Peru, with a CAGR of +25.7%, 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, approximately equating the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 66% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 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 Venezuela ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+1.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform