MERCOSUR: Bread And Bakery Market 2024

Bread And Bakery Market Size in MERCOSUR

In 2023, the MERCOSUR bread and bakery market decreased by X% to $X, falling for the second consecutive year after six years of growth. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Bread And Bakery Production in MERCOSUR

In value terms, bread and bakery production declined modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2023.

Bread And Bakery Exports

Exports in MERCOSUR

In 2023, after six years of growth, there was significant decline in overseas shipments of bread and bakery, when their volume decreased by X% to X tons. Total exports indicated a measured increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then shrank in the following year.

In value terms, bread and bakery exports contracted modestly to $X in 2023. Total exports indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined slightly in the following year.

Exports by Country

The shipments of the four major exporters of bread and bakery, namely Brazil, Peru, Colombia and Argentina, represented more than two-thirds of total export. Ecuador (X tons), Chile (X tons) and Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Paraguay (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest bread and bakery supplying countries in MERCOSUR were Brazil ($X), Peru ($X) and Colombia ($X), with a combined X% share of total exports. Argentina, Chile, Ecuador and Paraguay lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Paraguay, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Bread And Bakery Imports

Imports in MERCOSUR

In 2023, overseas purchases of bread and bakery decreased by X% to X tons for the first time since 2016, thus ending a six-year rising trend. Over the period under review, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2022, and then reduced modestly in the following year.

In value terms, bread and bakery imports expanded to $X in 2023. Overall, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, Chile (X tons), distantly followed by Colombia (X tons), Venezuela (X tons), Uruguay (X tons), Paraguay (X tons), Ecuador (X tons), Brazil (X tons) and Peru (X tons) were the major importers of bread and bakery, together achieving X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to bread and bakery imports into Chile stood at X%. At the same time, Peru (X%), Venezuela (X%), Colombia (X%), Uruguay (X%), Paraguay (X%), Ecuador (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Chile, Peru and Venezuela increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bread and bakery importing markets in MERCOSUR were Chile ($X), Brazil ($X) and Colombia ($X), together comprising X% of total imports. Paraguay, Uruguay, Venezuela, Ecuador and Peru lagged somewhat behind, together accounting for a further X%.

Peru, with a CAGR of X%, saw 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

The import price in MERCOSUR stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform