Latin America and the Caribbean: Beet-Pulp And Bagasse Market 2023

Beet-Pulp And Bagasse Market Size in Latin America and the Caribbean

The Latin American beet-pulp and bagasse market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Beet-Pulp And Bagasse Production in Latin America and the Caribbean

In value terms, beet-pulp and bagasse production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 34% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Beet-Pulp And Bagasse Exports

Exports in Latin America and the Caribbean

Beet-pulp and bagasse exports declined notably to X tons in 2021, which is down by -15.6% against 2020. In general, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 102% against the previous year. As a result, the exports attained the peak of X tons, and then contracted significantly in the following year.

In value terms, beet-pulp and bagasse exports contracted notably to $X in 2021. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 77%. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Brazil was the key exporter of beet-pulp and bagasse in Latin America and the Caribbean, with the volume of exports accounting for X tons, which was near 67% of total exports in 2021. It was distantly followed by Chile (X tons), achieving a 33% share of total exports.

Brazil was also the fastest-growing in terms of the beet-pulp and bagasse exports, with a CAGR of +98.9% from 2012 to 2021. Chile experienced a relatively flat trend pattern. From 2012 to 2021, the share of Brazil increased by +67 percentage points.

In value terms, the largest beet-pulp and bagasse supplying countries in Latin America and the Caribbean were Chile ($X) and Brazil ($X).

Brazil, with a CAGR of +71.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, waning by -17.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the export price increased by 23%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Chile ($X per ton), while Brazil stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+5.0%).

Beet-Pulp And Bagasse Imports

Imports in Latin America and the Caribbean

Beet-pulp and bagasse imports was estimated at X tons in 2021, picking up by 5.1% against 2020. In general, imports, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2017 when imports increased by 22% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, beet-pulp and bagasse imports reached $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 17%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons) and Mexico (X tons) represented roughly 81% of total imports in 2021. It was distantly followed by Argentina (X tons), mixing up an 11% share of total imports. Ecuador (X tons) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ecuador (with a CAGR of +26.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported beet-pulp and bagasse in Latin America and the Caribbean, comprising 54% of total imports. The second position in the ranking was held by Mexico ($X), with a 20% share of total imports. It was followed by Argentina, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil amounted to +4.3%. In the other countries, the average annual rates were as follows: Mexico (-8.8% per year) and Argentina (+3.0% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, increasing by 3.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.3%. The pace of growth appeared the most rapid in 2013 an increase of 31%. Over the period under review, import prices reached the peak figure in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Ecuador ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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