MERCOSUR: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in MERCOSUR

The MERCOSUR market for malt extract and food preparations of flour, meal, and starches expanded notably to $X in 2022, surging by 7.4% against the previous year. In general, consumption, however, enjoyed a buoyant expansion. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in MERCOSUR

In value terms, production of malt extract and food preparations of flour, meal, and starches rose remarkably to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +94.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. Over the period under review, production of hit record highs in 2022 and is likely to continue growth in years to come.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports in MERCOSUR

In 2022, overseas shipments of malt extract and food preparations of flour, meal, and starches increased by 20% to X tons, rising for the fourth year in a row after five years of decline. Overall, exports posted modest growth. The most prominent rate of growth was recorded in 2019 with an increase of 52% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, exports of malt extract and food preparations of flour, meal, and starches soared to $X in 2022. Over the period under review, exports posted a strong increase. The pace of growth was the most pronounced in 2019 when exports increased by 66%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Brazil represented the major exporter of malt extract and food preparations of flour, meal, and starches in MERCOSUR, with the volume of exports resulting at X tons, which was near 41% of total exports in 2022. It was distantly followed by Argentina (X tons), Chile (X tons), Uruguay (X tons) and Colombia (X tons), together committing a 57% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Brazil (with a CAGR of +32.5%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Argentina ($X) and Chile ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 83% of total exports.

Brazil, with a CAGR of +38.5%, recorded the highest rates of growth with regard to 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, picking up by 16% against the previous year. Export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for malt extract and food preparations of flour, meal, and starches increased by +87.1% against 2016 indices. The growth pace was the most rapid in 2017 when the export price increased by 37% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Uruguay ($X per ton) and Brazil ($X per ton), while Chile ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+9.7%), while the other leaders experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports in MERCOSUR

In 2022, the amount of malt extract and food preparations of flour, meal, and starches imported in MERCOSUR declined to X tons, shrinking by -6.5% against the previous year's figure. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 55% against the previous year. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, imports of malt extract and food preparations of flour, meal, and starches expanded slightly to $X in 2022. Over the period under review, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2018 when imports increased by 48%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons), Chile (X tons), Venezuela (X tons), Colombia (X tons) and Peru (X tons) represented the key importer of malt extract and food preparations of flour, meal, and starches in MERCOSUR, mixing up 90% of total import. Argentina (X tons) and Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +14.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest malt extract and food preparations of flour, meal, and starch importing markets in MERCOSUR were Brazil ($X), Venezuela ($X) and Chile ($X), with a combined 71% share of total imports. Peru, Colombia, Argentina and Uruguay lagged somewhat behind, together comprising a further 26%.

Argentina, with a CAGR of +18.7%, saw the highest rates of growth with regard to the value of imports, among 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

In 2022, the import price in MERCOSUR amounted to $X per ton, picking up by 9.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2013 an increase of 16%. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform