MERCOSUR: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in MERCOSUR

The MERCOSUR pasta and couscous market was estimated at $X in 2022, almost unchanged from the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.1% against 2020 indices. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Pasta And Couscous Production in MERCOSUR

In value terms, pasta and couscous production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 14% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Pasta And Couscous Exports

Exports in MERCOSUR

For the fourth consecutive year, MERCOSUR recorded growth in overseas shipments of stuffed pasta and couscous, which increased by 14% to X tons in 2022. Over the period under review, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by 27%. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, pasta and couscous exports surged to $X in 2022. In general, exports saw prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by 32%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Brazil was the major exporter of stuffed pasta and couscous in MERCOSUR, with the volume of exports reaching X tons, which was approx. 74% of total exports in 2022. It was distantly followed by Argentina (X tons), comprising a 14% share of total exports. Chile (X tons), Peru (X tons) and Paraguay (X tons) followed a long way behind the leaders.

Exports from Brazil increased at an average annual rate of +14.4% from 2012 to 2022. At the same time, Paraguay (+31.1%), Peru (+9.3%) and Chile (+2.0%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +31.1% from 2012-2022. By contrast, Argentina (-3.9%) illustrated a downward trend over the same period. Brazil (+34 p.p.) significantly strengthened its position in terms of the total exports, while Chile and Argentina saw its share reduced by -2.8% and -29.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest pasta and couscous supplier in MERCOSUR, comprising 74% of total exports. The second position in the ranking was held by Argentina ($X), with a 13% share of total exports. It was followed by Chile, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled +13.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-4.6% per year) and Chile (+4.5% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, surging by 14% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 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 Chile ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+2.4%), while the other leaders experienced a decline in the export price figures.

Pasta And Couscous Imports

Imports in MERCOSUR

For the fourth consecutive year, MERCOSUR recorded growth in purchases abroad of stuffed pasta and couscous, which increased by 5.9% to X tons in 2022. Overall, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 45%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, pasta and couscous imports rose significantly to $X in 2022. Over the period under review, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 50%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Chile represented the largest importer of stuffed pasta and couscous in MERCOSUR, with the volume of imports resulting at X tons, which was approx. 34% of total imports in 2022. It was distantly followed by Brazil (X tons), Venezuela (X tons), Colombia (X tons), Argentina (X tons), Uruguay (X tons) and Paraguay (X tons), together generating a 54% share of total imports.

Imports into Chile increased at an average annual rate of +10.2% from 2012 to 2022. At the same time, Argentina (+17.0%), Venezuela (+13.2%), Paraguay (+12.2%), Uruguay (+10.6%), Colombia (+6.9%) and Brazil (+2.1%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +17.0% from 2012-2022. Chile (+4.6 p.p.), Argentina (+4 p.p.) and Venezuela (+3.8 p.p.) significantly strengthened its position in terms of the total imports, while Colombia and Brazil saw its share reduced by -1.6% and -12.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported stuffed pasta and couscous in MERCOSUR, comprising 40% of total imports. The second position in the ranking was held by Brazil ($X), with a 17% share of total imports. It was followed by Colombia, with a 10% share.

In Chile, pasta and couscous imports increased at an average annual rate of +10.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+3.3% per year) and Colombia (+6.5% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, surging by 4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 12% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Venezuela ($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 (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform