Latin America and the Caribbean: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Latin America and the Caribbean

The Latin American wheat and meslin flour market stood at $X in 2022, picking up by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Wheat and Meslin Flour in Latin America and the Caribbean

In value terms, wheat and meslin flour production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Wheat and Meslin Flour

Exports in Latin America and the Caribbean

Wheat and meslin flour exports dropped to X tons in 2022, falling by X% against 2021 figures. In general, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheat and meslin flour exports soared to $X in 2022. Overall, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina represented the largest exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by the Dominican Republic (X tons) and Mexico (X tons), together constituting a X% share of total exports. El Salvador (X tons), Brazil (X tons), Paraguay (X tons), Honduras (X tons) and Costa Rica (X tons) held a minor share of total exports.

Exports from Argentina decreased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) and Paraguay (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Mexico (X%), the Dominican Republic (X%), El Salvador (X%), Costa Rica (X%) and Honduras (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Dominican Republic, Brazil, Mexico and Paraguay increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest wheat and meslin flour supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

In Argentina, wheat and meslin flour exports decreased by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Mexico (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated a temperate 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, wheat and meslin flour export price increased by X% against 2017 indices. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 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 the Dominican Republic ($X per ton), while Honduras ($X per ton) was amongst the lowest.

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

Imports of Wheat and Meslin Flour

Imports in Latin America and the Caribbean

In 2022, the amount of wheat and meslin flour imported in Latin America and the Caribbean declined to X tons, waning by X% against 2021 figures. Over the period under review, imports showed a slight descent. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, wheat and meslin flour imports expanded remarkably to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Brazil (X tons), Venezuela (X tons) and Bolivia (X tons) represented roughly X% of total imports in 2022. Mexico (X tons) ranks next in terms of the total imports with a X% share, followed by Haiti (X%). Guatemala (X tons), Cuba (X tons), Chile (X tons) and Honduras (X tons) followed a long way behind the leaders.

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

In value terms, the largest wheat and meslin flour importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Venezuela ($X), with a combined X% share of total imports.

Venezuela, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the 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 Mexico ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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