Latin America and the Caribbean: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Latin America and the Caribbean

In 2022, the Latin American sweet biscuit market decreased by X% to $X, falling for the fifth consecutive year after two years of growth. Over the period under review, consumption continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2017 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Sweet Biscuit Production in Latin America and the Caribbean

In value terms, sweet biscuit production shrank slightly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

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Sweet Biscuit Exports

Exports in Latin America and the Caribbean

For the sixth year in a row, LatAmerica and the Caribbean recorded growth in shipments abroad of sweet biscuits, which increased by X% to X tons in 2022. Overall, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, sweet biscuit exports soared to $X in 2022. In general, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. Brazil (X tons) held the second position in the ranking, followed by Peru (X tons) and Guatemala (X tons). All these countries together took near X% share of total exports. The following exporters - Costa Rica (X tons), Argentina (X tons) and Colombia (X tons) - together made up X% of total exports.

Mexico was also the fastest-growing in terms of the sweet biscuits exports, with a CAGR of X% from 2012 to 2022. At the same time, Peru (X%), Guatemala (X%), Colombia (X%), Brazil (X%) and Costa Rica (X%) displayed positive paces of growth. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Mexico, sweet biscuit exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (X% per year) and Brazil (X% per year).

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 from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Mexico ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Sweet Biscuit Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of sweet biscuits were imported in Latin America and the Caribbean; increasing by X% against 2021. The total import volume 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 in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, sweet biscuit imports soared to $X in 2022. Total imports indicated strong growth 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Guatemala (X tons), Chile (X tons), Venezuela (X tons), Colombia (X tons), Mexico (X tons), Honduras (X tons), the Dominican Republic (X tons), Paraguay (X tons), El Salvador (X tons), Nicaragua (X tons), Ecuador (X tons) and Uruguay (X tons) was the main importer of sweet biscuits in Latin America and the Caribbean, mixing up X% of total import. Haiti (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Venezuela (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Guatemala ($X), together accounting for X% of total imports.

Among the main importing countries, Chile, with a CAGR of X%, saw 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, growing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached 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 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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