MERCOSUR: Gingerbread Market 2024

Gingerbread Market Size in MERCOSUR

The MERCOSUR gingerbread market contracted slightly to $X in 2022, standing approx. at the previous year. In general, consumption, however, saw a noticeable descent. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Gingerbread Production in MERCOSUR

In value terms, gingerbread production fell to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 12%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Gingerbread Exports

Exports in MERCOSUR

In 2022, after six years of growth, there was significant decline in shipments abroad of gingerbread, when their volume decreased by -5.3% to X tons. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 +72.3% against 2013 indices. The growth pace was the most rapid in 2019 when exports increased by 16%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, gingerbread exports rose significantly to $X in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +73.0% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of 23%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Brazil dominates exports structure, amounting to X tons, which was approx. 93% of total exports in 2022. It was distantly followed by Argentina (X tons), making up a 6.1% share of total exports.

Brazil was also the fastest-growing in terms of the gingerbread exports, with a CAGR of +9.6% from 2012 to 2022. Argentina (-12.2%) illustrated a downward trend over the same period. While the share of Brazil (+32 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (-30.6 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest gingerbread supplier in MERCOSUR, comprising 95% of total exports. The second position in the ranking was taken by Argentina ($X), with a 4% share of total exports.

In Brazil, gingerbread exports expanded at an average annual rate of +8.1% over the period from 2012-2022.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, growing by 11% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-1.3%).

Gingerbread Imports

Imports in MERCOSUR

In 2022, supplies from abroad of gingerbread decreased by -1.2% to X tons, falling for the second year in a row after four years of growth. Total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -1.3% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of 49%. The volume of import peaked at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, gingerbread imports expanded significantly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 42% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of gingerbread imports in 2022 were Paraguay (X tons), Uruguay (X tons), Peru (X tons), Chile (X tons) and Brazil (X tons), together amounting to 86% of total import. The following importers - Guyana (X tons) and Venezuela (X tons) - each reached a 7.4% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Guyana (with a CAGR of +25.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Paraguay ($X), Brazil ($X) and Peru ($X) constituted the countries with the highest levels of imports in 2022, with a combined 59% share of total imports. Uruguay, Chile, Guyana and Venezuela lagged somewhat behind, together comprising a further 32%.

Among the main importing countries, Guyana, with a CAGR of +45.2%, saw the highest rates of growth with regard to 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, picking up by 6.6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 9.1% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guyana (+16.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform