Latin America and the Caribbean: Sugar Confectionery Paste Market 2020

Sugar Confectionery Paste Market Size in Latin America and the Caribbean

The revenue of the sugar confectionery paste market in Latin America and the Caribbean amounted to $X in 2017, going up by X% against the previous year. The total market 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 sugar confectionery paste consumption increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2015, when it surged by X% year-to-year. Over the period under review, the sugar confectionery paste market reached its peak figure level in 2017, and is likely to see steady growth in the near future.

Sugar Confectionery Paste Production in Latin America and the Caribbean

In 2017, sugar confectionery paste production in Latin America and the Caribbean stood at X tons, remaining relatively unchanged against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2009, with an increase of X% year-to-year. Over the period under review, the sugar confectionery paste production attained its maximum volume in 2017, and is expected to retain its growth in the near future.

Sugar Confectionery Paste Exports in Latin America and the Caribbean

In 2017, the amount of marzipan, fondant, nougat and almond pastes exported in Latin America and the Caribbean totaled X tons, declining by -X% against the previous year. The sugar confectionery paste exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, with an increase of X% against the previous year. Over the period under review, the sugar confectionery paste exports reached its maximum volume of X tons in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, sugar confectionery paste exports stood at $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 consistent, with somewhat noticeable fluctuations being recorded over the period under review. Over the period under review, the sugar confectionery paste exports reached its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Sugar Confectionery Paste Exports by Country in Latin America and the Caribbean

Mexico was the major exporting country with an export of about X tons, which resulted at X% of total exports. Colombia (X tons) ranks second in terms of the global exports with a X% share, 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 sugar confectionery paste exports from Mexico stood at +X%. At the same time, El Salvador (+X%) and Ecuador (+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%) and Argentina (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Argentina, Colombia and Brazil increased by X%, X% and X% percentage points, while El Salvador (-X%) and Mexico (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Mexico, sugar confectionery paste exports increased 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).

Sugar Confectionery Paste Export Prices by Country in Latin America and the Caribbean

In 2017, the sugar confectionery paste export price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Over the period from 2007 to 2017, 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. Over the period under review, the export prices for marzipan, fondant, nougat and almond pastes reached its peak figure level in 2017, and is likely to continue its growth in the near future.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, 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.

Sugar Confectionery Paste Imports in Latin America and the Caribbean

In 2017, approx. X tons of marzipan, fondant, nougat and almond pastes were imported in Latin America and the Caribbean; surging by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The growth pace was the most rapid in 2011, when it surged by X% year-to-year. Over the period under review, the sugar confectionery paste imports reached its peak figure volume of X tons in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, sugar confectionery paste imports totaled $X in 2017. The total imports indicated a strong 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 sugar confectionery paste imports increased by +X% against 2015 indices. Over the period under review, the sugar confectionery paste imports attained its peak figure level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Sugar Confectionery Paste Imports by Country in Latin America and the Caribbean

Venezuela (X tons) and Mexico (X tons) represented roughly X% of total imports of marzipan, fondant, nougat and almond pastes in 2017. Chile (X tons) took the second position in the ranking, followed by Peru (X tons), Honduras (X tons), Nicaragua (X tons) and Ecuador (X tons). All these countries together occupied near X% share of total imports. Bolivia (X tons), Paraguay (X tons), Guatemala (X tons), the Dominican Republic (X tons) and Brazil (X tons) followed a long way behind the leaders.

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, Venezuela ($X), Mexico ($X) and Chile ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of total imports. The Dominican Republic, Peru, Honduras, Ecuador, Brazil, Guatemala, Nicaragua, Paraguay and Bolivia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries , Peru (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Sugar Confectionery Paste Import Prices by Country in Latin America and the Caribbean

The sugar confectionery paste import price in Latin America and the Caribbean stood at $X per ton in 2017, coming up by X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% against the previous year. The level of import price peaked of $X per ton in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

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 ($X per ton), while Bolivia ($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 Bolivia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform