Latin America and the Caribbean: Overview of the Market for Glycosides And Vegetable Alkaloids 2021

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

In 2020, the Latin American glycosides and vegetable alkaloids market increased by X% to $X, rising for the fifth year in a row after two years of decline. The total consumption indicated a buoyant expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level in 2020 and is expected to retain growth in years to come.

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

In value terms, glycosides and vegetable alkaloids production surged to $X in 2020 estimated in export prices. In general, production continues to indicate resilient growth. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, production reached the peak level in 2020 and is likely to see gradual growth in the near future.

Production By Country in Latin America and the Caribbean

Brazil (X tonnes) remains the largest glycosides and vegetable alkaloids producing country in Latin America and the Caribbean, comprising approx. X% of total volume. Moreover, glycosides and vegetable alkaloids production in Brazil exceeded the figures recorded by the second-largest producer, Mexico (X tonnes), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume in Brazil stood at -X%. In the other countries, the average annual rates were as follows: Mexico (-X% per year) and Bolivia (+X% per year).

Exports of Glycosides And Vegetable Alkaloids

Exports in Latin America and the Caribbean

For the fourth year in a row, LatAmerica and the Caribbean recorded decline in overseas shipments of glycosides and vegetable alkaloids, which decreased by -X% to X tonnes in 2020. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. from 2009 to 2020, the growth exports failed to regain the momentum.

In value terms, glycosides and vegetable alkaloids exports dropped notably to $X in 2020. In general, exports recorded a pronounced slump. The most prominent rate of growth was recorded in 2009 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. from 2010 to 2020, the growth exports remained at a lower figure.

Exports by Country

In 2020, Brazil (X tonnes) was the main exporter of glycosides and vegetable alkaloids, generating X% of total exports. Chile (X tonnes) occupied a X% share (based on tonnes) of total exports, which put it in second place, followed by Guatemala (X%), Venezuela (X%) and Peru (X%). Colombia (X tonnes) and Argentina (X tonnes) held a relatively small share of total exports.

Exports from Brazil decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Chile (+X%) and Guatemala (+X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. Venezuela experienced a relatively flat trend pattern. By contrast, Colombia (-X%), Argentina (-X%) and Peru (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Chile, Guatemala, Venezuela and Colombia increased by +X%, +X%, +X% and +X% percentage points, while Brazil (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2020, the average annual rate of growth in terms of value in Brazil amounted to -X%. In the other countries, the average annual rates were as follows: Venezuela (+X% per year) and Chile (+X% per year).

Export Prices by Country

In 2020, the glycosides and vegetable alkaloids export price in Latin America and the Caribbean amounted to $X per tonne, surging by X% against the previous year. In general, the export price enjoyed a prominent expansion. The growth pace was the most rapid in 2009 an increase of X% y-o-y. The level of export peaked in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Brazil ($X per tonne), while Guatemala ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Imports of Glycosides And Vegetable Alkaloids

Imports in Latin America and the Caribbean

After two years of growth, purchases abroad of glycosides and vegetable alkaloids decreased by -X% to X tonnes in 2020. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. The volume of import peaked at X tonnes in 2019, and then dropped rapidly in the following year.

In value terms, glycosides and vegetable alkaloids imports fell to $X in 2020. Total imports indicated a noticeable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2013 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. As a result, imports reached the peak of $X. from 2014 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Brazil represented the key importer of glycosides and vegetable alkaloids in Latin America and the Caribbean, with the volume of imports amounting to X tonnes, which was near X% of total imports in 2020. It was distantly followed by Mexico (X tonnes), Chile (X tonnes), Costa Rica (X tonnes) and Argentina (X tonnes), together achieving a X% share of total imports. Colombia (X tonnes) and Guatemala (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to glycosides and vegetable alkaloids imports into Brazil stood at +X%. At the same time, Guatemala (+X%), Chile (+X%), Costa Rica (+X%) and Colombia (+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 2007-2020. By contrast, Mexico (-X%) and Argentina (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Chile, Brazil, Costa Rica and Guatemala increased by +X%, +X%, +X% and +X% percentage points, while Argentina (-X p.p.) and Mexico (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2020, the average annual rate of growth in terms of value in Brazil totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (-X% per year) and Argentina (+X% per year).

Import Prices by Country

In 2020, the glycosides and vegetable alkaloids import price in Latin America and the Caribbean amounted to $X per tonne, increasing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. from 2012 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Argentina ($X per tonne), while Guatemala ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Argentina, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glycosides and vegetable alkaloids in LatAmerica and the Caribbean?

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The country with the largest volume of glycosides and vegetable alkaloids consumption was Brazil (4.3K tonnes), comprising approx. 55% of total volume. Moreover, glycosides and vegetable alkaloids consumption in Brazil exceeded the figures recorded by the second-largest consumer, Mexico (1.7K tonnes), threefold. The third position in this ranking was occupied by Chile (520 tonnes), with a 6.7% share.

What are the largest producers of glycosides and vegetable alkaloids in LatAmerica and the Caribbean?

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Brazil (2.2K tonnes) remains the largest glycosides and vegetable alkaloids producing country in Latin America and the Caribbean, accounting for 73% of total volume. Moreover, glycosides and vegetable alkaloids production in Brazil exceeded the figures recorded by the second-largest producer, Mexico (679 tonnes), threefold.

What are the leading suppliers of glycosides and vegetable alkaloids in LatAmerica and the Caribbean?

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In value terms, Brazil ($14M) remains the largest glycosides and vegetable alkaloids supplier in Latin America and the Caribbean, comprising 62% of total exports. The second position in the ranking was occupied by Venezuela ($2.9M), with a 13% share of total exports. It was followed by Chile, with a 11% share.

What are the leading importers of glycosides and vegetable alkaloids in LatAmerica and the Caribbean?

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In value terms, Brazil ($117M) constitutes the largest market for imported glycosides and vegetable alkaloids in Latin America and the Caribbean, comprising 50% of total imports. The second position in the ranking was occupied by Mexico ($37M), with a 16% share of total imports. It was followed by Argentina, with a 11% share.

What is the average export price for glycosides and vegetable alkaloids in LatAmerica and the Caribbean?

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In 2020, the glycosides and vegetable alkaloids export price in Latin America and the Caribbean amounted to $171,640 per tonne, surging by 15% against the previous year.

What is the average import price for glycosides and vegetable alkaloids in LatAmerica and the Caribbean?

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In 2020, the glycosides and vegetable alkaloids import price in Latin America and the Caribbean amounted to $47,322 per tonne, rising by 5.9% against the previous year.

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