Latin America and the Caribbean: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in Latin America and the Caribbean

The Latin American margarine and shortening market stood at $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Margarine And Shortening Production in Latin America and the Caribbean

In value terms, margarine and shortening production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Margarine And Shortening Exports

Exports in Latin America and the Caribbean

Margarine and shortening exports expanded rapidly to X tons in 2022, surging by X% on the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, margarine and shortening exports skyrocketed to $X in 2022. Total exports 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, exports increased by X% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Guatemala (X tons), Colombia (X tons), Argentina (X tons), Brazil (X tons), Uruguay (X tons), Mexico (X tons) and Honduras (X tons) represented roughly X% of total exports in 2022.

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

In value terms, the largest margarine and shortening supplying countries in Latin America and the Caribbean were Uruguay ($X), Colombia ($X) and Guatemala ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Colombia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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, jumping by X% against the previous year. Export price indicated a tangible increase from 2012 to 2022: its price 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, margarine and shortening export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Honduras ($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.

Margarine And Shortening Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of margarine and shortening decreased by X% to X tons, falling for the third year in a row after three years of growth. In general, imports showed a slight contraction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, margarine and shortening imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile was the major importer of margarine and shortening in Latin America and the Caribbean, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. El Salvador (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (X%) and Panama (X%). The following importers - Belize (X tons), Argentina (X tons), Mexico (X tons), Peru (X tons), Guatemala (X tons), Nicaragua (X tons), Venezuela (X tons), Jamaica (X tons) and the Dominican Republic (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to margarine and shortening imports into Chile stood at X%. At the same time, Panama (X%), the Dominican Republic (X%), El Salvador (X%), Brazil (X%), Belize (X%), Venezuela (X%), Argentina (X%), Nicaragua (X%), Jamaica (X%), Guatemala (X%) and Peru (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of El Salvador, Brazil, Panama, Belize, Argentina, the Dominican Republic, Nicaragua and Venezuela increased by X, X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X), Brazil ($X) and El Salvador ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Mexico, Argentina, Panama, Peru, Guatemala, Nicaragua, the Dominican Republic, Jamaica, Belize and Venezuela lagged somewhat behind, together accounting for a further X%.

Panama, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Belize ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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