MERCOSUR: Oil Crops Market 2024

Oil Crops Market Size in MERCOSUR

The MERCOSUR oil crops market contracted slightly to $X in 2022, shrinking by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Oil Crops Production in MERCOSUR

In value terms, oil crops production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible decrease. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Brazil (X tons) remains the largest oil crops producing country in MERCOSUR, comprising approx. X% of total volume. Moreover, oil crops production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tons), threefold. The third position in this ranking was held by Paraguay (X tons), with a X% share.

In Brazil, oil crops production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Argentina (X% per year) and Paraguay (X% per year).

In 2022, the average oil crops yield in MERCOSUR declined slightly to X tons per ha, remaining relatively unchanged against 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2018 to 2022, the growth of the oil crops yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of oil crops (primary) production in MERCOSUR reduced to X ha, standing approx. at the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2021, and then reduced modestly in the following year.

Oil Crops Exports

Exports in MERCOSUR

In 2022, overseas shipments of oil crops (primary) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, oil crops exports surged to $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Brazil prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Argentina (X tons), comprising a X% share of total exports. Uruguay (X tons) and Paraguay (X tons) took a minor share of total exports.

Brazil was also the fastest-growing in terms of the oil crops (primary) exports, with a CAGR of X% from 2012 to 2022. At the same time, Uruguay (X%) displayed positive paces of growth. Paraguay experienced a relatively flat trend pattern. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil increased by X percentage points.

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

In Brazil, oil crops exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (X% per year) and Uruguay (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, rising by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

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

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

Oil Crops Imports

Imports in MERCOSUR

Oil crops imports dropped significantly to X tons in 2022, with a decrease of X% on the year before. Over the period under review, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, oil crops imports declined dramatically to $X in 2022. Overall, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021, and then shrank sharply in the following year.

Imports by Country

Argentina represented the largest importing country with an import of about X tons, which amounted to X% of total imports. Colombia (X tons) took the second position in the ranking, followed by Brazil (X tons) and Peru (X tons). All these countries together held near X% share of total imports. Chile (X tons) took a relatively small share of total imports.

Argentina was also the fastest-growing in terms of the oil crops (primary) imports, with a CAGR of X% from 2012 to 2022. At the same time, Peru (X%), Colombia (X%), Chile (X%) and Brazil (X%) displayed positive paces of growth. From 2012 to 2022, the share of Argentina increased by X percentage points.

In value terms, Argentina ($X) constitutes the largest market for imported oil crops (primary) in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with an X% share of total imports. It was followed by Brazil, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Argentina totaled X%. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Brazil (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform