Latin America and the Caribbean: Rye Market 2024

Rye Market Size in Latin America and the Caribbean

In 2022, after three years of growth, there was decline in the Latin American rye market, when its value decreased by X% to $X. Over the period under review, consumption, however, enjoyed a pronounced increase. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Rye Production in Latin America and the Caribbean

In value terms, rye production reached $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible setback. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Argentina (X tons) remains the largest rye producing country in Latin America and the Caribbean, comprising approx. X% of total volume. Moreover, rye production in Argentina exceeded the figures recorded by the second-largest producer, Brazil (X tons), more than tenfold.

In Argentina, rye production increased at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Brazil (X% per year) and Chile (X% per year).

The average rye yield amounted to X tons per ha in 2022, rising by X% compared with the previous year's figure. Overall, the yield, however, recorded a slight decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The rye harvested area declined to X ha in 2022, shrinking by X% on 2021. In general, the harvested area, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the harvested area dedicated to rye production attained the maximum at X ha in 2021, and then fell in the following year.

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Rye Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of rye decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, rye exports surged to $X in 2022. Overall, exports saw a deep reduction. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of rye, namely Brazil, represented more than two-thirds of total export.

Brazil was also the fastest-growing in terms of the rye exports, with a CAGR of X% from 2012 to 2022. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest rye supplier in Latin America and the Caribbean.

In Brazil, rye exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price showed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to X% per year.

Rye Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of rye increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, rye imports surged to $X in 2022. Overall, imports, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Chile (X tons) represented the major importer of rye, creating X% of total imports. Uruguay (X tons) held the second position in the ranking, followed by Colombia (X tons) and Brazil (X tons). All these countries together held near X% share of total imports. Argentina (X tons) held a little share of total imports.

Chile was also the fastest-growing in terms of the rye imports, with a CAGR of X% from 2012 to 2022. Uruguay (X%), Argentina (X%), Brazil (X%) and Colombia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile, Uruguay and Argentina increased by X, X and X percentage points, respectively.

In value terms, Chile ($X) constitutes the largest market for imported rye in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with an X% share of total imports. It was followed by Brazil, with a X% share.

In Chile, rye imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price saw tangible growth. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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