MERCOSUR: Vegetable Oils Market 2024

Vegetable Oils Market Size in MERCOSUR

The MERCOSUR vegetable oils market reduced to $X in 2022, which is down by X% against the previous year. In general, consumption saw a abrupt slump. The growth pace was the most rapid in 2019 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vegetable Oils Production in MERCOSUR

In value terms, vegetable oils production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt downturn. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Vegetable Oils Exports

Exports in MERCOSUR

In 2022, after two years of growth, there was decline in overseas shipments of vegetable fats and oils, when their volume decreased by X% to X tons. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, vegetable oils exports amounted to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2022, Ecuador (X tons) was the main exporter of vegetable fats and oils, generating X% of total exports. Brazil (X tons) took the second position in the ranking, followed by Colombia (X tons) and Peru (X tons). All these countries together took approx. X% share of total exports. Uruguay (X tons) held a little share of total exports.

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

In value terms, the largest vegetable oils supplying countries in MERCOSUR were Ecuador ($X), Brazil ($X) and Colombia ($X), with a combined X% share of total exports. Peru and Uruguay lagged somewhat behind, together comprising a further X%.

Peru, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Uruguay ($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 a decline in the export price figures.

Vegetable Oils Imports

Imports in MERCOSUR

In 2022, vegetable oils imports in MERCOSUR fell to X tons, waning by X% on the year before. In general, imports saw a pronounced slump. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable oils imports soared to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

In 2022, Chile (X tons), distantly followed by Argentina (X tons), Brazil (X tons), Uruguay (X tons), Peru (X tons), Colombia (X tons) and Guyana (X tons) were the key importers of vegetable fats and oils, together comprising X% of total imports.

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

In value terms, the largest vegetable oils importing markets in MERCOSUR were Chile ($X), Argentina ($X) and Brazil ($X), together comprising X% of total imports. Uruguay, Peru, Colombia and Guyana lagged somewhat behind, together accounting for a further X%.

Uruguay, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, rising by X% against the previous year. Import price indicated a tangible increase 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, vegetable oils import price increased by X% against 2019 indices. As a result, import price attained 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 Brazil ($X per ton), while Guyana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform