Global Mate Market 2024

Mate Market Size

The global mate market fell modestly to $X in 2022, declining by -2.4% against the previous year. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.6% against 2020 indices. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the global market remained at a lower figure.

Mate Production

In value terms, mate production dropped slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.5% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 41% against the previous year. Over the period under review, global production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Argentina (X tons), Brazil (X tons) and Paraguay (X tons), with a combined 99% share of global production.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +12.7%), while production for the other global leaders experienced more modest paces of growth.

The global average mate yield shrank slightly to X tons per ha in 2022, approximately mirroring the year before. Overall, the yield indicated buoyant growth from 2012 to 2022: its figure increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mate yield increased by +1.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 64% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2017 to 2022, the growth of the average mate yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global mate harvested area reduced modestly to X ha in 2022, almost unchanged from 2021. In general, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the harvested area increased by 3.5% against the previous year. The global harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Mate Exports

Exports

Global mate exports rose markedly to X tons in 2022, surging by 11% compared with 2021 figures. Over the period under review, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -13.8% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 41% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the global exports remained at a lower figure.

In value terms, mate exports soared to $X in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 33%. Over the period under review, the global exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) and Argentina (X tons) dominates exports structure, together creating 85% of total exports. It was distantly followed by Paraguay (X tons), constituting a 9% share of total exports. Syrian Arab Republic (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Syrian Arab Republic (with a CAGR of +69.6%), while the other global leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Argentina ($X) and Paraguay ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 90% of global exports. Syrian Arab Republic lagged somewhat behind, comprising a further 2.2%.

Syrian Arab Republic, with a CAGR of +69.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mate export price amounted to $X per ton, with an increase of 8.3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+0.7%), while the other global leaders experienced mixed trends in the export price figures.

Mate Imports

Imports

Global mate imports rose to X tons in 2022, growing by 1.6% against the year before. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.4% 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 -21.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 40%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, mate imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 32% against the previous year. Over the period under review, global imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Uruguay (X tons), Syrian Arab Republic (X tons) and Argentina (X tons) represented the main importer of mate in the world, making up 80% of total import. It was distantly followed by Chile (X tons), making up a 5.2% share of total imports. Spain (X tons), the United States (X tons) and Germany (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Argentina (with a CAGR of +61.4%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest mate importing markets worldwide were Uruguay ($X), Syrian Arab Republic ($X) and Argentina ($X), with a combined 70% share of global imports.

Among the main importing countries, Argentina, with a CAGR of +55.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average mate import price amounted to $X per ton, picking up by 7.3% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 25% against the previous year. Global import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 the United States ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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