Report Latin America and the Caribbean - Quinoa - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Sep 9, 2022

Latin America and the Caribbean - Quinoa - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Quinoa Market 2022

Quinoa Market Size in Latin America and the Caribbean

In 2021, the Latin American quinoa market decreased by less than X% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, showed a perceptible expansion. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Quinoa Production in Latin America and the Caribbean

In value terms, quinoa production rose to $X in 2021 estimated in export price. Overall, production, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

The countries with the highest volumes of quinoa production in 2021 were Peru (X tons), Bolivia (X tons) and Ecuador (X tons), with a combined X% share of total production.

From 2012 to 2021, the biggest increases were in Peru (with a CAGR of +X%), while production for the other leaders experienced more modest paces of growth.

In 2021, the average yield of quinoa in Latin America and the Caribbean contracted to X kg per ha, declining by -X% against the year before. The yield indicated moderate growth from 2012 to 2021: its figure increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2021, the growth of the quinoa yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of quinoa production in Latin America and the Caribbean expanded sharply to X ha, with an increase of X% against the previous year's figure. The harvested area increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the harvested area dedicated to quinoa production attained the maximum in 2021 and is likely to see gradual growth in years to come.

Quinoa Exports

Exports in Latin America and the Caribbean

Quinoa exports fell slightly to X tons in 2021, reducing by less than X% on 2020 figures. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2012 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2020, and then dropped modestly in the following year.

In value terms, quinoa exports reduced to $X in 2021. Overall, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Peru represented the main exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Bolivia (X tons), creating a X% share of total exports. Ecuador (X tons) followed a long way behind the leaders.

Peru was also the fastest-growing in terms of the quinoa exports, with a CAGR of +X% from 2012 to 2021. At the same time, Ecuador (+X%) and Bolivia (+X%) displayed positive paces of growth. percentage points. Bolivia (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) remains the largest quinoa supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Bolivia ($X), with a X% share of total exports.

In Peru, quinoa exports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Bolivia (-X% per year) and Ecuador (+X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, declining by -X% against the previous year. Over the period under review, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Ecuador ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (-X%), while the other leaders experienced a decline in the export price figures.

Quinoa Imports

Imports in Latin America and the Caribbean

In 2021, after nine years of growth, there was significant decline in overseas purchases of quinoa, when their volume decreased by -X% to X tons. Over the period under review, imports, however, showed a strong expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then reduced notably in the following year.

In value terms, quinoa imports dropped dramatically to $X in 2021. In general, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Chile (X tons), distantly followed by Brazil (X tons) and Argentina (X tons) represented the main importers of quinoa, together constituting X% of total imports. Panama (X tons), Costa Rica (X tons), Mexico (X tons), the Dominican Republic (X tons), Uruguay (X tons) and Guatemala (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were in the Dominican Republic (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest quinoa importing markets in Latin America and the Caribbean were Chile ($X), Brazil ($X) and Argentina ($X), with a combined X% share of total imports. These countries were followed by Panama, Costa Rica, the Dominican Republic, Guatemala, Mexico and Uruguay, which together accounted for a further X Dominican Republic, with a CAGR of +X%, recorded the highest rates of growth with regard to 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 2021, the import price in Latin America and the Caribbean amounted to $X per ton, declining by -X% against the previous year. Overall, the import price continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Guatemala ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for quinoa in LatAmerica and the Caribbean?
+
The countries with the highest volumes of quinoa consumption in 2021 were Bolivia, Peru and Ecuador, with a combined 94% share of total consumption. Chile lagged somewhat behind, comprising a further less than 0.1%.
What are the largest producers of quinoa in LatAmerica and the Caribbean?
+
The countries with the highest volumes of quinoa production in 2021 were Peru, Bolivia and Ecuador, together accounting for 99.9% of total production.
What are the leading suppliers of quinoa in LatAmerica and the Caribbean?
+
In value terms, Peru remains the largest quinoa supplier in Latin America and the Caribbean, comprising 67% of total exports. The second position in the ranking was held by Bolivia, with a 31% share of total exports.
What are the leading importers of quinoa in LatAmerica and the Caribbean?
+
In value terms, the largest quinoa importing markets in Latin America and the Caribbean were Chile, Brazil and Argentina, with a combined 68% share of total imports. Panama, Costa Rica, the Dominican Republic, Guatemala, Mexico and Uruguay lagged somewhat behind, together accounting for a further 20%.
What is the average export price for quinoa in LatAmerica and the Caribbean?
+
In 2021, the export price in Latin America and the Caribbean amounted to $2,262 per ton, reducing by -8.4% against the previous year.
What is the average import price for quinoa in LatAmerica and the Caribbean?
+
In 2021, the import price in Latin America and the Caribbean amounted to $2,025 per ton, declining by -8.5% against the previous year.

This report provides an in-depth analysis of the quinoa market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 92 - Quinoa
Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Curacao
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Harvested Area, By Country, 2012–2021
Table 7:
Yield, By Country, 2012–2021
Table 8:
Imports, In Physical Terms, By Country, 2012–2021
Table 9:
Imports, In Value Terms, By Country, 2012–2021
Table 10:
Import Prices, By Country Of Destination, 2012–2021
Table 11:
Exports, In Physical Terms, By Country, 2012–2021
Table 12:
Exports, In Value Terms, By Country, 2012–2021
Table 13:
Export Prices, By Country Of Origin, 2012–2021
Table 14:
Producer Prices, By Major Producing Country, 2021
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2012–2021
Figure 18:
Production, In Value Terms, 2012–2021
Figure 19:
Area Harvested, 2012–2021
Figure 20:
Yield, 2012–2021
Figure 21:
Production, By Country, 2021
Figure 22:
Production, In Physical Terms, By Country, 2012–2021
Figure 23:
Harvested Area, By Country, 2021
Figure 24:
Harvested Area, By Country, 2012–2021
Figure 25:
Yield, By Country, 2012–2021
Figure 26:
Imports, In Physical Terms, 2012–2021
Figure 27:
Imports, In Value Terms, 2012–2021
Figure 28:
Imports, In Physical Terms, By Country, 2021
Figure 29:
Imports, In Physical Terms, By Country, 2012–2021
Figure 30:
Imports, In Value Terms, By Country, 2012–2021
Figure 31:
Import Prices, By Country, 2012–2021
Figure 32:
Exports, In Physical Terms, 2012–2021
Figure 33:
Exports, In Value Terms, 2012–2021
Figure 34:
Exports, In Physical Terms, By Country, 2021
Figure 35:
Exports, In Physical Terms, By Country, 2012–2021
Figure 36:
Exports, In Value Terms, By Country, 2012–2021
Figure 37:
Export Prices, 2012–2021
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