MERCOSUR: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in MERCOSUR

After two years of decline, the MERCOSUR primary fiber crops market increased by X% to $X in 2022. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Primary Fiber Crops Production in MERCOSUR

In value terms, primary fiber crops production shrank modestly to $X in 2022 estimated in export price. The total production indicated a mild 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, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Primary Fiber Crops Exports

Exports in MERCOSUR

In 2022, overseas shipments of fiber crops (primary) decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, posted a notable expansion. The growth pace was the most rapid in 2019 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, primary fiber crops exports expanded remarkably to $X in 2022. In general, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Brazil dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Argentina (X tons), constituting a X% share of total exports.

Brazil was also the fastest-growing in terms of the fiber crops (primary) exports, with a CAGR of X% from 2012 to 2022. At the same time, Argentina (X%) displayed positive paces of growth. While the share of Brazil (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to X%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, increasing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%).

Primary Fiber Crops Imports

Imports in MERCOSUR

Primary fiber crops imports declined to X tons in 2022, waning by X% on 2021 figures. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, primary fiber crops imports soared to $X in 2022. Over the period under review, imports, however, posted a mild expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

Peru was the main importer of fiber crops (primary) in MERCOSUR, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Colombia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Ecuador (X%) and Brazil (X%). The following importers - Chile (X tons) and Venezuela (X tons) - each resulted at a X% share of total imports.

Imports into Peru increased at an average annual rate of X% from 2012 to 2022. At the same time, Chile (X%), Ecuador (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Colombia (X%) and Venezuela (X%) illustrated a downward trend over the same period. While the share of Peru (X p.p.), Ecuador (X p.p.) and Chile (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Venezuela (X p.p.) and Colombia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) constitutes the largest market for imported fiber crops (primary) in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Peru stood at X%. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Ecuador (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated slight growth from 2012 to 2022: its price 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, primary fiber crops import price increased by X% against 2020 indices. As a result, import 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 importing countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform