Latin America and the Caribbean: Market for Stuffed Pasta and Couscous 2024

Market Size for Stuffed Pasta and Couscous in Latin America and the Caribbean

The Latin American stuffed pasta and couscous market rose modestly to $X in 2022, surging by X% against the previous year. The total consumption indicated a strong expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Stuffed Pasta and Couscous in Latin America and the Caribbean

In value terms, stuffed pasta and couscous production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Stuffed Pasta and Couscous

Exports in Latin America and the Caribbean

In 2022, approx. X tons of stuffed pasta and couscous were exported in Latin America and the Caribbean; increasing by X% compared with the year before. In general, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, stuffed pasta and couscous exports surged to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value 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 increased by X% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Brazil (X tons), Mexico (X tons) and Guatemala (X tons) was the main exporter of stuffed pasta and couscous in Latin America and the Caribbean, mixing up X% of total export. Argentina (X tons) ranks next in terms of the total exports with an X% share, followed by Bolivia (X%). The following exporters - Chile (X tons) and Peru (X tons) - each amounted to a X% share of total exports.

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

In value terms, Brazil ($X) remains the largest stuffed pasta and couscous supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with an X% share of total exports. It was followed by Bolivia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: Guatemala (X% per year) and Bolivia (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while Mexico ($X per ton) was amongst the lowest.

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

Imports of Stuffed Pasta and Couscous

Imports in Latin America and the Caribbean

For the fourth year in a row, LatAmerica and the Caribbean recorded growth in purchases abroad of stuffed pasta and couscous, which increased by X% to X tons in 2022. Total imports indicated a remarkable increase 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, stuffed pasta and couscous imports surged to $X in 2022. Over the period under review, imports saw strong growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, Chile (X tons), distantly followed by Mexico (X tons), Brazil (X tons), Venezuela (X tons), Panama (X tons) and Colombia (X tons) represented the main importers of stuffed pasta and couscous, together committing X% of total imports. The following importers - Belize (X tons), Honduras (X tons), Uruguay (X tons), Argentina (X tons), Bahamas (X tons), Paraguay (X tons) and Guyana (X tons) - together made up X% of total imports.

Imports into Chile increased at an average annual rate of X% from 2012 to 2022. At the same time, Panama (X%), Argentina (X%), Honduras (X%), Venezuela (X%), Paraguay (X%), Uruguay (X%), Guyana (X%), Mexico (X%), Belize (X%), Colombia (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Bahamas (X%) illustrated a downward trend over the same period. Panama (X p.p.), Chile (X p.p.), Venezuela (X p.p.), Argentina (X p.p.) and Honduras (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil and Bahamas saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X), Mexico ($X) and Brazil ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Panama, Colombia, Argentina, Bahamas, Uruguay, Paraguay, Venezuela, Honduras, Guyana and Belize lagged somewhat behind, together accounting for a further X%.

Panama, with a CAGR of X%, saw the highest growth rate of 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 2022, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, 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.

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