Latin America and the Caribbean: Liquorice Products Market 2020

Liquorice Products Market Size in Latin America and the Caribbean

The revenue of the liquorice products market in Latin America and the Caribbean amounted to $X in 2017, jumping by X% against the previous year. The total market indicated a remarkable 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 liquorice products consumption increased by +X% against 2014 indices. The growth pace was the most rapid in 2015, with an increase of X% y-o-y. The level of liquorice products consumption peaked in 2017, and is expected to retain its growth in the near future.

Liquorice Products Production in Latin America and the Caribbean

In 2017, the amount of liquorice cakes, blocks, sticks and pastilles produced in Latin America and the Caribbean amounted to X tons, remaining constant against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2010, with an increase of X% y-o-y. Over the period under review, the liquorice products production attained its peak figure volume in 2017, and is expected to retain its growth in the near future.

Liquorice Products Exports in Latin America and the Caribbean

The exports stood at X tons in 2017, declining by -X% against the previous year. The liquorice products exports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2011, when exports increased by X% year-to-year. Over the period under review, the liquorice products exports attained its maximum volume of X tons in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, liquorice products exports amounted to $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the liquorice products exports reached its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Liquorice Products Exports by Country in Latin America and the Caribbean

In 2017, Mexico (X tons) represented the key exporter for liquorice cakes, blocks, sticks and pastilles, making up X% of total exports. Colombia (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Brazil (X%) and Guatemala (X%). Argentina (X tons), El Salvador (X tons) and Ecuador (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to liquorice products exports from Mexico stood at +X%. At the same time, El Salvador (+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. Guatemala experienced a relatively flat trend pattern. By contrast, Brazil (-X%), Colombia (-X%), Ecuador (-X%) and Argentina (-X%) illustrated a downward trend over the same period. Colombia (X%), Argentina (X%), Brazil (X%) and Ecuador (X%) significantly strengthened its position in terms of the global exports, while El Salvador and Mexico saw its share reduced by -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest liquorice products supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Colombia ($X), with a X% share of global exports. It was followed by Brazil, with a X% share.

In Mexico, liquorice products exports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Colombia (-X% per year) and Brazil (-X% per year).

Liquorice Products Export Prices by Country in Latin America and the Caribbean

In 2017, the liquorice products export 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%. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. The level of export price peaked of $X per ton in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Ecuador ($X per ton), while Brazil ($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 Guatemala (+X% per year), while the other leaders experienced more modest paces of growth.

Liquorice Products Imports in Latin America and the Caribbean

The imports amounted to X tons in 2017, approximately reflecting the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011, with an increase of X% against the previous year. The volume of imports peaked of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, liquorice products imports totaled $X in 2017. The total imports indicated a strong expansion 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 liquorice products imports increased by +X% against 2015 indices. The level of imports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Liquorice Products Imports by Country in Latin America and the Caribbean

Venezuela (X tons) and Mexico (X tons) represented roughly X% of total imports of liquorice cakes, blocks, sticks and pastilles in 2017. Peru (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Chile (X%), Honduras (X%), Bolivia (X%), Nicaragua (X%), Ecuador (X%) and Guatemala (X%). Paraguay (X tons), the Dominican Republic (X tons) and Colombia (X tons) took the slight share 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, the largest liquorice products markets worldwide were Venezuela ($X), Mexico ($X) and Chile ($X), with a combined X% share of total imports.

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

Liquorice Products Import Prices by Country in Latin America and the Caribbean

In 2017, the liquorice products import price in Latin America and the Caribbean amounted to $X per ton, going up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008, when it surged by X% y-o-y. The level of import price peaked of $X per ton in 2013; however, from 2014 to 2017, it 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 the Dominican Republic ($X per ton), while Honduras ($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 Colombia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform