Latin America and the Caribbean: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Latin America and the Caribbean

The Latin American uncooked pasta market expanded slightly to $X in 2021, growing by 3.3% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Uncooked Pasta Production in Latin America and the Caribbean

In value terms, uncooked pasta production rose slightly to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 9.2%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Uncooked Pasta Exports

Exports in Latin America and the Caribbean

In 2021, the amount of uncooked pasta (containing eggs) exported in Latin America and the Caribbean surged to X tons, jumping by 24% compared with 2020. In general, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2015 with an increase of 34%. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, uncooked pasta exports soared to $X in 2021. Total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 +72.3% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Dominican Republic (X tons) and Peru (X tons) were the key exporters of uncooked pasta (containing eggs) in 2021, finishing at approx. 39% and 28% of total exports, respectively. Mexico (X tons) ranks next in terms of the total exports with a 17% share, followed by Brazil (10%). Argentina (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +60.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X), Mexico ($X) and Peru ($X) were the countries with the highest levels of exports in 2021, with a combined 79% share of total exports.

Peru, with a CAGR of +52.5%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, growing by 8.6% against the previous year. In general, the export price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2013 when the export price increased by 34%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+0.8%), while the other leaders experienced a decline in the export price figures.

Uncooked Pasta Imports

Imports in Latin America and the Caribbean

For the sixth consecutive year, LatAmerica and the Caribbean recorded growth in supplies from abroad of uncooked pasta (containing eggs), which increased by 24% to X tons in 2021. In general, imports recorded prominent growth. The pace of growth appeared the most rapid in 2017 when imports increased by 37%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, uncooked pasta imports soared to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 27%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Haiti (X tons) and Bolivia (X tons) represented roughly 61% of total imports in 2021. Colombia (X tons) held the next position in the ranking, followed by Venezuela (X tons) and Guatemala (X tons). All these countries together took approx. 23% share of total imports. The following importers - the Dominican Republic (X tons) and Chile (X tons) - each recorded a 6.3% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bolivia (with a CAGR of +93.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Haiti ($X) constitutes the largest market for imported uncooked pasta (containing eggs) in Latin America and the Caribbean, comprising 32% of total imports. The second position in the ranking was held by Bolivia ($X), with a 16% share of total imports. It was followed by Colombia, with an 11% share.

In Haiti, uncooked pasta imports increased at an average annual rate of +18.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bolivia (+68.1% per year) and Colombia (-1.5% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, stabilizing at the previous year. Overall, the import price recorded a noticeable slump. The pace of growth appeared the most rapid in 2013 when the import price increased by 11%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Dominican Republic ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Haiti (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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