MERCOSUR: Poppy Seed Market 2025

Poppy Seed Market Size in MERCOSUR

The MERCOSUR poppy seed market reached $X in 2022, growing by 3.7% against the previous year. Overall, consumption, however, saw a slight curtailment. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Poppy Seed Production in MERCOSUR

In value terms, poppy seed production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 14%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Peru (X tons), Paraguay (X tons) and Ecuador (X tons), with a combined 100% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Ecuador (with a CAGR of +1.3%), while production for the other leaders experienced more modest paces of growth.

Poppy Seed Exports

Exports in MERCOSUR

In 2022, overseas shipments of poppy seed increased by 0.6% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 35%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, poppy seed exports rose slightly to $X in 2022. Over the period under review, exports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 107%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Peru (X tons) and Argentina (X tons) represented roughly 77% of total exports in 2022. It was distantly followed by Paraguay (X tons), making up a 21% share of total exports. Ecuador (X kg) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Ecuador (with a CAGR of +33.2%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest poppy seed supplying countries in MERCOSUR were Peru ($X), Argentina ($X) and Paraguay ($X), together comprising 98% of total exports. Ecuador lagged somewhat behind, accounting for a further 1.7%.

Among the main exporting countries, Ecuador, with a CAGR of +35.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, growing by 3.3% against the previous year. In general, the export price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the export price increased by 54% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+4.9%), while the other leaders experienced more modest paces of growth.

Poppy Seed Imports

Imports in MERCOSUR

Poppy seed imports expanded sharply to X tons in 2022, picking up by 15% against the previous year. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 54% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, poppy seed imports reduced modestly to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 73%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Chile (X tons) and Argentina (X tons) prevails in imports structure, together generating 92% of total imports. It was distantly followed by Colombia (X tons), comprising a 7.5% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +9.0%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Argentina ($X), Chile ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 100% share of total imports.

In terms of the main importing countries, Argentina, with a CAGR of +10.8%, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, reducing by -16.5% against the previous year. Over the period under review, the import price saw a perceptible reduction. The growth pace was the most rapid in 2019 an increase of 36%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the 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 Colombia ($X per ton), while Chile ($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 (+1.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform