MERCOSUR: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in MERCOSUR

In 2021, the MERCOSUR glycosides and vegetable alkaloids market decreased by -6.3% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of Glycosides And Vegetable Alkaloids in MERCOSUR

In value terms, glycosides and vegetable alkaloids production shrank to $X in 2021 estimated in export price. In general, production continues to indicate a deep slump. The growth pace was the most rapid in 2020 when the production volume increased by 38%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Glycosides And Vegetable Alkaloids

Exports in MERCOSUR

After two years of decline, shipments abroad of glycosides and vegetable alkaloids increased by 172% to X tons in 2021. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, glycosides and vegetable alkaloids exports skyrocketed to $X in 2021. Overall, exports continue to indicate a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Chile (X tons) was the major exporter of glycosides and vegetable alkaloids, generating 56% of total exports. Brazil (X tons) took a 23% share (based on physical terms) of total exports, which put it in second place, followed by Colombia (11%) and Peru (6%). Venezuela (X tons) followed a long way behind the leaders.

Chile was also the fastest-growing in terms of the glycosides and vegetable alkaloids exports, with a CAGR of +73.1% from 2012 to 2021. At the same time, Peru (+10.4%) and Venezuela (+4.1%) displayed positive paces of growth. By contrast, Colombia (-2.1%) and Brazil (-12.7%) illustrated a downward trend over the same period. Chile (+56 p.p.) and Peru (+3.5 p.p.) significantly strengthened its position in terms of the total exports, while Colombia and Brazil saw its share reduced by -2.4% and -56.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) emerged as the largest glycosides and vegetable alkaloids supplier in MERCOSUR, comprising 66% of total exports. The second position in the ranking was taken by Brazil ($X), with a 27% share of total exports. It was followed by Venezuela, with a 3.3% share.

In Chile, glycosides and vegetable alkaloids exports increased at an average annual rate of +99.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+0.2% per year) and Venezuela (+4.2% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, picking up by 46% against the previous year. Overall, the export price posted a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+15.3%), while the other leaders experienced more modest paces of growth.

Imports of Glycosides And Vegetable Alkaloids

Imports in MERCOSUR

In 2021, imports of glycosides and vegetable alkaloids in MERCOSUR skyrocketed to X tons, picking up by 15% compared with the previous year. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 21%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, glycosides and vegetable alkaloids imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 27% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

Brazil represented the main importer of glycosides and vegetable alkaloids in MERCOSUR, with the volume of imports resulting at X tons, which was near 55% of total imports in 2021. Chile (X tons) took the second position in the ranking, distantly followed by Colombia (X tons) and Argentina (X tons). All these countries together took near 38% share of total imports. Peru (X tons) and Ecuador (X tons) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to glycosides and vegetable alkaloids imports into Brazil stood at -1.7%. At the same time, Chile (+24.0%), Ecuador (+14.9%), Peru (+12.1%), Colombia (+8.4%) and Argentina (+3.2%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +24.0% from 2012-2021. From 2012 to 2021, the share of Chile, Colombia and Peru increased by +16, +4 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported glycosides and vegetable alkaloids in MERCOSUR, comprising 58% of total imports. The second position in the ranking was taken by Argentina ($X), with a 17% share of total imports. It was followed by Colombia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to +4.6%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+4.0% per year) and Colombia (+1.5% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, falling by -4.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 16% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+6.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform