MERCOSUR: Cereal Market 2024

Cereal Market Size in MERCOSUR

After two years of growth, the MERCOSUR cereal market decreased by X% to $X in 2022. Over the period under review, consumption recorded 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.

Cereal Production in MERCOSUR

In value terms, cereal production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Brazil (X tons), Argentina (X tons) and Paraguay (X tons), together comprising X% of total production.

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

In 2022, the average yield of cereals in MERCOSUR expanded slightly to X tons per ha, growing by X% on the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the 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 cereal harvested area fell to X ha in 2022, declining by X% against 2021 figures. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to cereal production attained the peak figure at X ha in 2021, and then fell modestly in the following year.

Cereal Exports

Exports in MERCOSUR

In 2022, shipments abroad of cereals was finally on the rise to reach X tons after two years of decline. Total exports indicated a prominent increase from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, cereal exports surged to $X in 2022. Overall, exports showed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons) and Brazil (X tons) prevails in exports structure, together making up X% of total exports. It was distantly followed by Paraguay (X tons), committing a X% share of total exports.

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

In value terms, the largest cereal supplying countries in MERCOSUR were Argentina ($X), Brazil ($X) and Paraguay ($X), together comprising X% of total exports.

Brazil, with a CAGR of X%, 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 leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

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

Cereal Imports

Imports in MERCOSUR

In 2022, supplies from abroad of cereals decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, cereal imports skyrocketed to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value 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, imports increased by X% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons) and Colombia (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Peru (X tons), Chile (X tons), Venezuela (X tons) and Ecuador (X tons), together generating a X% share of total imports.

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

In value terms, Colombia ($X), Brazil ($X) and Peru ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Chile, Ecuador and Venezuela lagged somewhat behind, together comprising a further X%.

Ecuador, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 Chile ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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