Latin America and the Caribbean: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Latin America and the Caribbean

The Latin American glycosides and vegetable alkaloids market rose notably to $X in 2022, increasing by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Glycosides And Vegetable Alkaloids in Latin America and the Caribbean

In value terms, glycosides and vegetable alkaloids production expanded to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Glycosides And Vegetable Alkaloids

Exports in Latin America and the Caribbean

In 2022, shipments abroad of glycosides and vegetable alkaloids increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, glycosides and vegetable alkaloids exports shrank to $X in 2022. Overall, exports enjoyed a notable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

In 2022, Chile (X tons), distantly followed by Peru (X tons), Brazil (X tons), Guatemala (X tons), Venezuela (X tons) and Colombia (X tons) were the major exporters of glycosides and vegetable alkaloids, together comprising X% of total exports. Costa Rica (X tons) took a little share of total exports.

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

In value terms, Chile ($X) remains the largest glycosides and vegetable alkaloids supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Venezuela, with a X% share.

In Chile, glycosides and vegetable alkaloids exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Venezuela (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price, however, posted resilient growth. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined notably in the following year.

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 Chile ($X per ton), while Costa Rica ($X per ton) was amongst the lowest.

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

Imports of Glycosides And Vegetable Alkaloids

Imports in Latin America and the Caribbean

Glycosides and vegetable alkaloids imports soared to X tons in 2022, rising by X% against 2021 figures. Total imports indicated notable 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 increased by X% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glycosides and vegetable alkaloids imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Brazil represented the largest importer of glycosides and vegetable alkaloids in Latin America and the Caribbean, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Chile (X tons), Colombia (X tons), Costa Rica (X tons), Guatemala (X tons) and Argentina (X tons), together making up a X% share of total imports. Ecuador (X tons) took a little share of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Guatemala (X%), Ecuador (X%), Chile (X%), Colombia (X%), Costa Rica (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. While the share of Chile (X p.p.), Guatemala (X p.p.), Ecuador (X p.p.), Colombia (X p.p.) and Costa Rica (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported glycosides and vegetable alkaloids in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with an X% share of total imports. It was followed by Colombia, with an X% share.

In Brazil, glycosides and vegetable alkaloids imports 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: Chile (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price saw a slight slump. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per ton), while Guatemala ($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 import price figures.

Source: IndexBox Platform

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