Latin America and the Caribbean: Quinoa Market 2024

Quinoa Market Size in Latin America and the Caribbean

The Latin American quinoa market skyrocketed to $X in 2022, picking up by X% against the previous year. In general, consumption saw a perceptible expansion. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Quinoa Production in Latin America and the Caribbean

In value terms, quinoa production expanded markedly to $X in 2022 estimated in export price. Overall, production continues to indicate a temperate increase. The pace of growth appeared 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.

The countries with the highest volumes of production in 2022 were Peru (X tons), Bolivia (X tons) and Ecuador (X tons), together accounting for X% of total production.

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

The average quinoa yield fell to X kg per ha in 2022, shrinking by X% against the previous year. The yield indicated a buoyant increase from 2012 to 2022: its figure 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, quinoa yield increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the quinoa yield attained the peak level at X tons per ha in 2021, and then contracted in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of quinoa were harvested in Latin America and the Caribbean; with an increase of X% against the year before. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The level of harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Quinoa Exports

Exports in Latin America and the Caribbean

Quinoa exports fell remarkably to X tons in 2022, which is down by X% against the year before. Total exports indicated a strong expansion from 2012 to 2022: its volume 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 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, quinoa exports shrank rapidly to $X in 2022. Overall, exports, however, enjoyed temperate growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Peru was the major exporter of quinoa in Latin America and the Caribbean, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Bolivia (X tons), comprising a X% share of total exports. Ecuador (X tons) held a little share of total exports.

Exports from Peru increased at an average annual rate of X% from 2012 to 2022. At the same time, Ecuador (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Bolivia (X%) illustrated a downward trend over the same period. Peru (X p.p.) and Ecuador (X p.p.) significantly strengthened its position in terms of the total exports, while Bolivia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest quinoa supplying countries in Latin America and the Caribbean were Peru ($X), Bolivia ($X) and Ecuador ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Ecuador, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the export price figures.

Quinoa Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of quinoa decreased by X% to X tons, falling for the second consecutive year after five years of growth. In general, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, quinoa imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Chile (X tons), Brazil (X tons) and Argentina (X tons) was the largest importer of quinoa in Latin America and the Caribbean, comprising X% of total import. It was distantly followed by Mexico (X tons), mixing up a X% share of total imports. Uruguay (X tons), Panama (X tons), the Dominican Republic (X tons), Costa Rica (X tons), Peru (X tons), Colombia (X tons) and Guatemala (X tons) held a relatively small share of total imports.

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

In value terms, Chile ($X), Brazil ($X) and Argentina ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Mexico, the Dominican Republic, Panama, Costa Rica, Uruguay, Guatemala, Peru and Colombia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Panama, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a mild decline. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while Uruguay ($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

Frequently Asked Questions (FAQ) :