MERCOSUR: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in MERCOSUR

In 2021, the MERCOSUR uncooked pasta market decreased by -2.6% to $X for the first time since 2015, thus ending a five-year rising trend. In general, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 8.2%. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Uncooked Pasta Production in MERCOSUR

In value terms, uncooked pasta production reached $X in 2021 estimated in export price. Over the period under review, production recorded a mild contraction. The growth pace was the most rapid in 2018 with an increase of 13%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Uncooked Pasta Exports

Exports in MERCOSUR

In 2021, shipments abroad of uncooked pasta decreased by -36.8% to X tons for the first time since 2015, thus ending a five-year rising trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 34% against the previous year. As a result, the exports reached the peak of X tons, and then declined significantly in the following year.

In value terms, uncooked pasta exports reduced remarkably to $X in 2021. In general, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2020 when exports increased by 32%. As a result, the exports attained the peak of $X, and then contracted remarkably in the following year.

Exports by Country

Peru was the largest exporting country with an export of about X tons, which amounted to 49% of total exports. Argentina (X tons) ranks second in terms of the total exports with a 23% share, followed by Brazil (18%) and Chile (5.5%). The following exporters - Ecuador (X tons) and Colombia (X tons) - each reached a 3.7% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to uncooked pasta exports from Peru stood at +3.1%. At the same time, Colombia (+60.1%), Ecuador (+15.7%) and Brazil (+3.4%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +60.1% from 2012-2021. Argentina experienced a relatively flat trend pattern. By contrast, Chile (-8.3%) illustrated a downward trend over the same period. Peru (+8.5 p.p.), Brazil (+3.5 p.p.), Ecuador (+1.5 p.p.) and Colombia (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while Argentina and Chile saw its share reduced by -2.6% and -7.5% from 2012 to 2021, respectively.

In value terms, Peru ($X) remains the largest uncooked pasta supplier in MERCOSUR, comprising 48% of total exports. The second position in the ranking was held by Brazil ($X), with a 17% share of total exports. It was followed by Argentina, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Peru was relatively modest. In the other countries, the average annual rates were as follows: Brazil (-2.1% per year) and Argentina (-4.9% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, with a decrease of -5.4% against the previous year. Over the period under review, the export price continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2013 an increase of 5.7%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+1.7%), while the other leaders experienced a decline in the export price figures.

Uncooked Pasta Imports

Imports in MERCOSUR

In 2021, supplies from abroad of uncooked pasta decreased by -14.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 149% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then fell in the following year.

In value terms, uncooked pasta imports declined to $X in 2021. Overall, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 120%. Over the period under review, imports attained the maximum at $X in 2020, and then contracted in the following year.

Imports by Country

In 2021, Venezuela (X tons) was the key importer of uncooked pasta, creating 65% of total imports. Chile (X tons) took the second position in the ranking, followed by Brazil (X tons) and Colombia (X tons). All these countries together took near 28% share of total imports. Peru (X tons) and Ecuador (X tons) followed a long way behind the leaders.

Venezuela was also the fastest-growing in terms of the uncooked pasta imports, with a CAGR of +26.3% from 2012 to 2021. At the same time, Peru (+13.7%), Colombia (+10.4%) and Chile (+6.9%) displayed positive paces of growth. Brazil and Ecuador experienced a relatively flat trend pattern. From 2012 to 2021, the share of Venezuela increased by +38 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Venezuela ($X) constitutes the largest market for imported uncooked pasta in MERCOSUR, comprising 50% of total imports. The second position in the ranking was taken by Chile ($X), with a 17% share of total imports. It was followed by Brazil, with a 14% share.

In Venezuela, uncooked pasta imports increased at an average annual rate of +13.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Chile (+4.4% per year) and Brazil (+0.3% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, surging by 9.8% against the previous year. In general, the import price, however, continues to indicate a abrupt setback. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform