Latin America and the Caribbean: Couscous Market 2024

Couscous Market Size in Latin America and the Caribbean

The Latin American couscous market expanded modestly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Couscous Production in Latin America and the Caribbean

In value terms, couscous production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Couscous Exports

Exports in Latin America and the Caribbean

Couscous exports stood at X tons in 2022, surging by X% compared with the previous year's figure. In general, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, couscous exports stood at $X in 2022. Over the period under review, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Haiti (X tons), Peru (X tons), Bolivia (X tons), Argentina (X tons) and Chile (X tons), together resulting at X% of total export. It was distantly followed by Honduras (X tons), generating a X% share of total exports. Brazil (X tons) held a minor 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, Peru ($X) remains the largest couscous supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Bolivia ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

In Peru, couscous exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bolivia (X% per year) and Argentina (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. In general, the export price, however, showed a pronounced slump. The pace of growth was the most pronounced in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Haiti ($X per ton) was amongst the lowest.

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

Couscous Imports

Imports in Latin America and the Caribbean

In 2022, the amount of couscous imported in Latin America and the Caribbean fell modestly to X tons, almost unchanged from 2021. Total imports indicated strong growth 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. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, couscous imports expanded rapidly to $X in 2022. Total imports indicated a buoyant increase 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 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Brazil (X tons) and Chile (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Argentina (X tons), mixing up a X% share of total imports. Honduras (X tons), Mexico (X tons), Colombia (X tons), Uruguay (X tons), Costa Rica (X tons) and the Dominican Republic (X tons) took a relatively small 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 Honduras (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest couscous importing markets in Latin America and the Caribbean were Brazil ($X), Chile ($X) and Argentina ($X), with a combined X% share of total imports. Mexico, the Dominican Republic, Colombia, Uruguay, Costa Rica and Honduras lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Dominican Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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. In general, the import price, however, showed 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 2022, import prices stood at a somewhat 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 ($X per ton), while Honduras ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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