MERCOSUR: Root And Tuber Market 2024

Root And Tuber Market Size in MERCOSUR

The MERCOSUR root and tuber market declined modestly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, showed a slight decline. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Root And Tuber Production in MERCOSUR

In value terms, root and tuber production shrank slightly to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Brazil (X tons) constituted the country with the largest volume of root and tuber production, comprising approx. X% of total volume. Moreover, root and tuber production in Brazil exceeded the figures recorded by the second-largest producer, Peru (X tons), threefold. The third position in this ranking was taken by Colombia (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Brazil stood at X%. The remaining producing countries recorded the following average annual rates of production growth: Peru (X% per year) and Colombia (X% per year).

In 2022, the average root and tuber yield in MERCOSUR dropped to X tons per ha, remaining constant against 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2021, and then dropped in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The root and tuber harvested area was estimated at X ha in 2022, flattening at 2021. In general, the harvested area, however, showed a mild reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Root And Tuber Exports

Exports in MERCOSUR

Root and tuber exports amounted to X tons in 2022, therefore, remained relatively stable against the year before. Overall, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, root and tuber exports rose markedly to $X in 2022. Over the period under review, exports saw a buoyant expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

In 2022, Argentina (X tons), distantly followed by Ecuador (X tons), Peru (X tons), Brazil (X tons) and Colombia (X tons) represented the main exporters of roots and tubers, together mixing up X% of total exports.

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

In value terms, Ecuador ($X) remains the largest root and tuber supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Peru, with an X% share.

In Ecuador, root and tuber exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Peru (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. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced a decline in the export price figures.

Root And Tuber Imports

Imports in MERCOSUR

In 2022, purchases abroad of roots and tubers decreased by X% to X tons, falling for the second consecutive year after two years of growth. Total imports indicated a notable increase 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. Based on 2022 figures, imports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, root and tuber imports rose notably to $X in 2022. Total imports indicated noticeable growth 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Paraguay was the major importing country with an import of about X tons, which amounted to X% of total imports. Brazil (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Chile (X%), Guyana (X%), Suriname (X%) and Argentina (X%). Uruguay (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to root and tuber imports into Paraguay stood at X%. At the same time, Argentina (X%) and Chile (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Uruguay, Suriname and Guyana experienced a relatively flat trend pattern. By contrast, Brazil (X%) illustrated a downward trend over the same period. While the share of Paraguay (X p.p.), Chile (X p.p.) and Argentina (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Suriname (X p.p.), Guyana (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest root and tuber importing markets in MERCOSUR were Brazil ($X), Paraguay ($X) and Guyana ($X), with a combined X% share of total imports. Suriname, Argentina, Chile and Uruguay lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Argentina, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs 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 Uruguay ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform