Latin America and the Caribbean: Prepared Culture Media Market 2024

Prepared Culture Media Market Size in Latin America and the Caribbean

The Latin American prepared culture media market fell to $X in 2023, with a decrease of X% against the previous year. Overall, consumption, however, saw a strong expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Prepared Culture Media Production in Latin America and the Caribbean

In value terms, prepared culture media production dropped to $X in 2023 estimated in export price. In general, production, however, saw prominent growth. The growth pace was the most rapid in 2019 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Prepared Culture Media Exports

Exports in Latin America and the Caribbean

In 2023, after three years of growth, there was significant decline in overseas shipments of prepared culture media for development of micro-organisms, when their volume decreased by X% to X tons. Overall, exports saw a perceptible curtailment. The growth pace was the most rapid in 2022 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, prepared culture media exports contracted significantly to $X in 2023. In general, exports, however, enjoyed a tangible expansion. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

The shipments of the three major exporters of prepared culture media for development of micro-organisms, namely Argentina, Brazil and Costa Rica, represented more than two-thirds of total export. It was distantly followed by Mexico (X tons), making up a X% share of total exports. The following exporters - Chile (X tons), Colombia (X tons) and Guatemala (X tons) - each accounted for a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Costa Rica (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X) remains the largest prepared culture media supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Costa Rica totaled X%. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Mexico (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, rising by X% against the previous year. In general, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Prepared Culture Media Imports

Imports in Latin America and the Caribbean

After three years of growth, supplies from abroad of prepared culture media for development of micro-organisms decreased by X% to X tons in 2023. Total imports indicated a measured expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2022, and then declined in the following year.

In value terms, prepared culture media imports reached $X in 2023. Total imports indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in years to come.

Imports by Country

In 2023, Brazil (X tons), distantly followed by Mexico (X tons), Argentina (X tons), Colombia (X tons), Chile (X tons) and Peru (X tons) were the major importers of prepared culture media for development of micro-organisms, together generating X% of total imports. Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Peru (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared culture media importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Argentina ($X), with a combined X% share of total imports. Colombia, Peru, Chile and Paraguay lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Peru ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform