Latin America and the Caribbean - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights

Latin America and the Caribbean: Peanut Butter Market Overview 2019

Peanut Butter Market Size in Latin America and the Caribbean

The revenue of the peanut butter market in Latin America and the Caribbean amounted to $X in 2017, coming up by X% against the previous year. The total market 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 peanut butter consumption increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2008, when it surged by X% against the previous year. Over the period under review, the peanut butter market attained its maximum level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Peanut Butter Production in Latin America and the Caribbean

The peanut butter production totaled X tonnes in 2017, therefore, remained relatively stable against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2015, when the output figure increased by X% against the previous year. Over the period under review, the peanut butter production reached its maximum volume in 2017, and is expected to retain its growth in the near future.

Peanut Butter Exports

Exports in Latin America and the Caribbean

In 2017, peanut butter exports in Latin America and the Caribbean amounted to X tonnes, coming down by -X% against the previous year. The total exports indicated a strong increase 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 peanut butter exports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2015, with an increase of X% year-to-year. Over the period under review, the peanut butter exports attained its peak figure volume of X tonnes in 2016, and then declined slightly in the following year.

In value terms, peanut butter exports stood at $X in 2017. The peanut butter exports continue to indicate a remarkable increase. The level of exports peaked in 2017, and are expected to retain its growth in the immediate term.

Exports by Country

Argentina dominates peanut butter exports structure, finishing at X tonnes, which was approx. X% of total exports in 2017. The following exporters - Mexico (X tonnes) and Brazil (X tonnes) together made up X% of total exports.

From 2007 to 2017, average annual rates of growth with regard to peanut butter exports from Argentina stood at +X%. At the same time, Brazil (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Mexico (-X%), Brazil (-X%) and Argentina (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Argentina, peanut butter exports increased at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (+X% per year) and Brazil (+X% per year).

Export Prices by Country

In 2017, the peanut butter export price in Latin America and the Caribbean amounted to $X per tonne, going up by X% against the previous year. The export price indicated a prominent increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2011, when the export prices increased by X% y-o-y. The level of export price peaked of $X per tonne in 2012; however, from 2013 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 Mexico ($X per tonne), while Argentina ($X per tonne) was amongst the lowest.

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

Peanut Butter Imports

Imports in Latin America and the Caribbean

The imports amounted to X tonnes in 2017, jumping by X% against the previous year. The peanut butter imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2013, when it surged by X% year-to-year. The volume of imports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, peanut butter imports stood at $X in 2017. The peanut butter imports continue to indicate a remarkable expansion. Over the period under review, the peanut butter imports attained its maximum level in 2017, and are expected to retain its growth in the near future.

Imports by Country

Mexico (X tonnes), Chile (X tonnes) and Guatemala (X tonnes) represented roughly X% of total imports of peanut butter and prepared or preserved groundnuts in 2017. It was distantly followed by the Dominican Republic (X tonnes), Uruguay (X tonnes), Colombia (X tonnes), Jamaica (X tonnes) and Venezuela (X tonnes), together constituting X% share of total imports. The following importers - Peru (X tonnes), Costa Rica (X tonnes), Ecuador (X tonnes) and Honduras (X tonnes) 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 Colombia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Guatemala ($X) and Chile ($X) appeared to be the countries with the highest levels of imports in 2017, together accounting for X% of total imports. These countries were followed by the Dominican Republic, Jamaica, Venezuela, Uruguay, Colombia, Costa Rica, Peru, Honduras and Ecuador, which together accounted for a further X%.

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

Import Prices by Country

The peanut butter import price in Latin America and the Caribbean stood at $X per tonne in 2017, therefore, remained relatively stable 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, an increase of X% against the previous year. The level of import price peaked of $X per tonne in 2012; however, from 2013 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 Jamaica ($X per tonne), while Chile ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform