Latin America and the Caribbean: Brewing Dregs Market 2023

Brewing Dregs Market Size in Latin America and the Caribbean

The Latin American brewing dregs market declined slightly to $X in 2021, with a decrease of -2.6% against the previous year. Over the period under review, consumption showed a pronounced reduction. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Brewing Dregs Production in Latin America and the Caribbean

In value terms, brewing dregs production rose significantly to $X in 2021 estimated in export price. In general, production, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2015 with an increase of 22% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Brewing Dregs Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of brewing or distilling dregs and waste were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 116%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, brewing dregs exports soared to $X in 2021. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 99.9% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, Argentina (X tons) was the largest exporter of brewing or distilling dregs and waste, mixing up 52% of total exports. It was distantly followed by Paraguay (X tons) and Brazil (X tons), together constituting a 47% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to brewing dregs exports from Argentina stood at +51.3%. At the same time, Paraguay (+61.6%) and Brazil (+6.3%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +61.6% from 2012-2021. While the share of Argentina (+44 p.p.) and Paraguay (+23 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-65.6 p.p.) displayed negative dynamics.

In value terms, Argentina ($X), Brazil ($X) and Paraguay ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 99% share of total exports.

In terms of the main exporting countries, Argentina, with a CAGR of +57.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by 16% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 20% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Brazil ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+4.3%), while the other leaders experienced mixed trends in the export price figures.

Brewing Dregs Imports

Imports in Latin America and the Caribbean

Brewing dregs imports declined markedly to X tons in 2021, waning by -47.6% against 2020. Overall, imports recorded a pronounced slump. The pace of growth appeared the most rapid in 2014 with an increase of 23%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, brewing dregs imports reduced rapidly to $X in 2021. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 17%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Mexico (X tons) was the major importer of brewing or distilling dregs and waste, constituting 44% of total imports. It was distantly followed by Colombia (X tons), Costa Rica (X tons), Honduras (X tons), Guatemala (X tons) and El Salvador (X tons), together generating a 42% share of total imports. Uruguay (X tons) and Cuba (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to brewing dregs imports into Mexico stood at -9.8%. At the same time, Uruguay (+15.8%), Colombia (+12.5%), Honduras (+7.0%) and El Salvador (+2.9%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +15.8% from 2012-2021. Costa Rica experienced a relatively flat trend pattern. By contrast, Guatemala (-1.1%) and Cuba (-15.6%) illustrated a downward trend over the same period. Colombia (+15 p.p.), Honduras (+3.7 p.p.), Uruguay (+3.6 p.p.), Costa Rica (+2.8 p.p.) and El Salvador (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Cuba and Mexico saw its share reduced by -3.9% and -28.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported brewing or distilling dregs and waste in Latin America and the Caribbean, comprising 44% of total imports. The second position in the ranking was held by Colombia ($X), with an 18% share of total imports. It was followed by Costa Rica, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico amounted to -10.2%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (+9.6% per year) and Costa Rica (-0.7% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, growing by 31% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Cuba ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cuba (+12.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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