MERCOSUR: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in MERCOSUR

In 2022, the MERCOSUR prepared baking powder market increased by 0.3% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the market value increased by 4.6% against the previous year. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Prepared Baking Powder Production in MERCOSUR

In value terms, prepared baking powder production reduced modestly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 7.1%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Prepared Baking Powder Exports

Exports in MERCOSUR

In 2022, the amount of prepared baking powders exported in MERCOSUR skyrocketed to X tons, picking up by 19% against 2021 figures. Over the period under review, exports showed a slight expansion. The pace of growth was the most pronounced in 2017 with an increase of 60% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, prepared baking powder exports rose remarkably to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 53%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Colombia (X tons) and Paraguay (X tons) were the main exporters of prepared baking powders in 2022, accounting for approx. 31% and 25% of total exports, respectively. Brazil (X tons) took the next position in the ranking, followed by Ecuador (X tons), Peru (X tons) and Argentina (X tons). All these countries together took approx. 43% share of total exports. Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of +87.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared baking powder supplying countries in MERCOSUR were Ecuador ($X), Colombia ($X) and Brazil ($X), with a combined 72% share of total exports. Paraguay, Argentina, Peru and Uruguay lagged somewhat behind, together comprising a further 28%.

In terms of the main exporting countries, Paraguay, with a CAGR of +86.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, which is down by -4% against the previous year. Over the period under review, the export price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2020 when the export price increased by 21% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Ecuador ($X per ton), while Paraguay ($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 (+2.8%), while the other leaders experienced a decline in the export price figures.

Prepared Baking Powder Imports

Imports in MERCOSUR

Prepared baking powder imports soared to X tons in 2022, jumping by 33% compared with the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, prepared baking powder imports surged to $X in 2022. Overall, imports, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2015 when imports increased by 40%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Uruguay (X tons), Brazil (X tons), Chile (X tons), Peru (X tons), Ecuador (X tons), Venezuela (X tons), Suriname (X tons), Argentina (X tons), Guyana (X tons) and Paraguay (X tons) was the main importer of prepared baking powders in MERCOSUR, making up 99% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Uruguay (with a CAGR of +25.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared baking powder importing markets in MERCOSUR were Peru ($X), Chile ($X) and Uruguay ($X), with a combined 55% share of total imports.

Uruguay, with a CAGR of +17.1%, recorded the highest growth rate of 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, declining by -5.8% against the previous year. In general, the import price showed a mild setback. The pace of growth was the most pronounced in 2017 when the import price increased by 17% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 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 Peru ($X per ton), while Uruguay ($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 (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform