Latin America and the Caribbean: Glucose Market 2024

Glucose Market Size in Latin America and the Caribbean

In 2022, the Latin American glucose market increased by X% to $X, rising for the third consecutive year after four years of decline. In general, consumption, however, saw a noticeable reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Glucose Production in Latin America and the Caribbean

In value terms, glucose production soared to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible downturn. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Glucose Exports

Exports in Latin America and the Caribbean

In 2022, the amount of glucose and glucose syrup exported in Latin America and the Caribbean reduced to X tons, waning by X% compared with 2021. Overall, exports saw a noticeable contraction. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, glucose exports reached $X in 2022. Over the period under review, exports showed a perceptible decrease. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Argentina (X tons) and Brazil (X tons) prevails in exports structure, together creating X% of total exports. Colombia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (X%). Guatemala (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Brazil (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Brazil ($X), Argentina ($X) and Mexico ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Brazil, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Mexico ($X per ton), while Argentina ($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.

Glucose Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of glucose and glucose syrup were imported in Latin America and the Caribbean; picking up by X% compared with 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, glucose imports surged to $X in 2022. Total imports indicated a noticeable 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 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. Colombia (X tons) held the second position in the ranking, followed by Guatemala (X tons) and Chile (X tons). All these countries together took near X% share of total imports. Brazil (X tons), Ecuador (X tons) and El Salvador (X tons) took a little share of total imports.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of glucose and glucose syrup. At the same time, Colombia (X%), Brazil (X%), Guatemala (X%), Ecuador (X%) and El Salvador (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Chile experienced a relatively flat trend pattern. Colombia (X p.p.), Guatemala (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total imports, while Mexico saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported glucose and glucose syrup in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Guatemala, with a X% share.

In Mexico, glucose imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Guatemala (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Chile ($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 more modest paces of growth.

Source: IndexBox Platform

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