MERCOSUR: Market for Uncooked Pasta (Not Containing Eggs) 2024

Market Size for Uncooked Pasta (Not Containing Eggs) in MERCOSUR

The MERCOSUR market for uncooked pasta (not containing eggs) reached $X in 2021, remaining constant against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked in 2021 and is likely to see steady growth in the near future.

Production of Uncooked Pasta (Not Containing Eggs) in MERCOSUR

In value terms, uncooked pasta (not containing eggs) production declined slightly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 20%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Uncooked Pasta (Not Containing Eggs)

Exports in MERCOSUR

In 2021, shipments abroad of uncooked pasta (not containing eggs) decreased by -41.1% to X tons for the first time since 2015, thus ending a five-year rising trend. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 38%. As a result, the exports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, uncooked pasta (not containing eggs) exports shrank markedly to $X in 2021. Over the period under review, exports saw a perceptible decline. The growth pace was the most rapid in 2020 with an increase of 36%. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Peru represented the major exporting country with an export of about X tons, which accounted for 45% of total exports. It was distantly followed by Argentina (X tons), Brazil (X tons) and Chile (X tons), together mixing up a 50% share of total exports. The following exporters - Ecuador (X tons) and Colombia (X tons) - each recorded a 4.3% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Colombia (with a CAGR of +60.3%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) remains the largest uncooked pasta (not containing eggs) supplier in MERCOSUR, comprising 47% of total exports. The second position in the ranking was taken by Argentina ($X), with a 15% share of total exports. It was followed by Brazil, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Peru totaled -2.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-5.8% per year) and Brazil (-2.6% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, reducing by -7.7% against the previous year. In general, the export price saw a pronounced decline. The growth pace was the most rapid in 2013 when the export price increased by 5% against the previous year. 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.

Prices varied noticeably by country of origin: amid the top suppliers, 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.

Imports of Uncooked Pasta (Not Containing Eggs)

Imports in MERCOSUR

In 2021, after two years of growth, there was significant decline in purchases abroad of uncooked pasta (not containing eggs), when their volume decreased by -10.8% to X tons. Overall, imports, however, posted a prominent increase. The growth pace was the most rapid in 2017 when imports increased by 163%. Over the period under review, imports attained the peak figure at X tons in 2020, and then declined in the following year.

In value terms, uncooked pasta (not containing eggs) imports reduced slightly to $X in 2021. Over the period under review, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 134% against the previous year. The level of import peaked at $X in 2020, and then contracted in the following year.

Imports by Country

Venezuela was the largest importing country with an import of around X tons, which finished at 69% of total imports. It was distantly followed by Chile (X tons), Brazil (X tons) and Colombia (X tons), together achieving a 26% share of total imports. Ecuador (X tons) followed a long way behind the leaders.

Venezuela was also the fastest-growing in terms of the uncooked pasta (not containing eggs) imports, with a CAGR of +27.8% from 2012 to 2021. At the same time, Colombia (+15.1%) and Chile (+7.3%) displayed positive paces of growth. Brazil and Ecuador experienced a relatively flat trend pattern. From 2012 to 2021, the share of Venezuela increased by +41 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Venezuela ($X) constitutes the largest market for imported uncooked pasta (not containing eggs) in MERCOSUR, comprising 55% of total imports. The second position in the ranking was held by Chile ($X), with a 16% share of total imports. It was followed by Brazil, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Venezuela stood at +15.0%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+4.9% per year) and Brazil (+0.5% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, increasing by 8.3% against the previous year. Over the period under review, the import price, however, showed a abrupt setback. The level of import peaked 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, amid the top importers, 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 (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform