Latin America and the Caribbean: Durum Wheat Meals Market 2020

Durum Wheat Meals Market Size in Latin America and the Caribbean

The revenue of the durum wheat meals market in Latin America and the Caribbean amounted to $X in 2017, coming down by -X% against the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2008, with an increase of X% against the previous year. The level of durum wheat meals consumption peaked of $X in 2009; however, from 2010 to 2017, it failed to regain its momentum.

Durum Wheat Meals Production in Latin America and the Caribbean

The durum wheat meals production stood at X tons in 2017, approximately reflecting the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. Over the period under review, the durum wheat meals production reached its maximum volume in 2017, and is expected to retain its growth in the near future.

Durum Wheat Meals Exports in Latin America and the Caribbean

The exports amounted to X tons in 2017, rising by X% against the previous year. The total exports indicated a remarkable growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the durum wheat meals exports decreased by -X% against 2014 indices. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. The volume of exports peaked of X tons in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, durum wheat meals exports totaled $X in 2017. The durum wheat meals exports continue to indicate a strong expansion. The level of exports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Durum Wheat Meals Exports by Country in Latin America and the Caribbean

In 2017, Mexico (X tons) represented the major exporter for groats and meal of durum wheat, mixed up X% of total exports. El Salvador (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Argentina (X%).

Exports from Mexico increased at an average annual rate of +X% from 2007 to 2017. At the same time, El Salvador (+X%) and Argentina (+X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. While the share of Mexico (-X%), Argentina (-X%) and El Salvador (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest durum wheat meals supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Argentina ($X), with a X% share of global exports. It was followed by El Salvador, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Mexico totaled +X%. In the other countries, the average annual rates were as follows: Argentina (+X% per year) and El Salvador (+X% per year).

Durum Wheat Meals Export Prices by Country in Latin America and the Caribbean

In 2017, the durum wheat meals export price in Latin America and the Caribbean amounted to $X per ton, declining by -X% against the previous year. The durum wheat meals export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. Over the period under review, the export prices for groats and meal of durum wheat reached its maximum level of $X per ton in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Argentina ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Mexico (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Durum Wheat Meals Imports in Latin America and the Caribbean

In 2017, the amount of groats and meal of durum wheat imported in Latin America and the Caribbean totaled X tons, growing by X% against the previous year. The total imports indicated a strong expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the durum wheat meals imports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. The volume of imports peaked in 2017, and are likely to continue its growth in the near future.

In value terms, durum wheat meals imports amounted to $X in 2017. The total imports indicated a prominent growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the durum wheat meals imports decreased by -X% against 2015 indices. The level of imports peaked of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Durum Wheat Meals Imports by Country in Latin America and the Caribbean

Brazil (X tons) and Guatemala (X tons) were the main importers of groats and meal of durum wheat in 2017, resulting at near X% and X% of total imports, respectively. Panama (X tons) ranks second in terms of the global imports with a X% share, followed by Ecuador (X%), Trinidad and Tobago (X%) and Peru (X%). The following importers - Jamaica (X tons), the Dominican Republic (X tons), Guyana (X tons), Uruguay (X tons), Barbados (X tons) and Chile (X tons) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Peru (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Guatemala ($X) and Trinidad and Tobago ($X) appeared to be the countries with the highest levels of imports in 2017, with a combined X% share of total imports. Panama, Ecuador, Peru, Jamaica, Guyana, the Dominican Republic, Chile, Uruguay and Barbados lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries , Peru (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Durum Wheat Meals Import Prices by Country in Latin America and the Caribbean

The durum wheat meals import price in Latin America and the Caribbean stood at $X per ton in 2017, dropping by -X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008, when it surged by X% y-o-y. In that year, the import prices for groats and meal of durum wheat reached their peak level of $X per ton. From 2009 to 2017, growth of the import prices for groats and meal of durum wheat failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Guyana ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Guyana (+X% per year), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform