MERCOSUR: Cassava Market 2024

Cassava Market Size in MERCOSUR

After three years of decline, the MERCOSUR cassava market increased by X% to $X in 2023. In general, consumption, however, showed a slight shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Cassava Production in MERCOSUR

In value terms, cassava production contracted to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Brazil (X tons) constituted the country with the largest volume of cassava production, accounting for X% of total volume. Moreover, cassava production in Brazil exceeded the figures recorded by the second-largest producer, Paraguay (X tons), sixfold. The third position in this ranking was held by Peru (X tons), with a X% share.

In Brazil, cassava production declined by an average annual rate of X% over the period from 2012-2023. The remaining producing countries recorded the following average annual rates of production growth: Paraguay (X% per year) and Peru (X% per year).

In 2023, the average yield of cassava in MERCOSUR expanded slightly to X tons per ha, surging by X% compared with 2022. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the cassava yield hit record highs at X tons per ha in 2020; however, from 2021 to 2023, 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.

In 2023, the harvested area of cassava in MERCOSUR was estimated at X ha, approximately equating the previous year. Over the period under review, the harvested area, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2023, the harvested area stood at a somewhat lower figure.

Cassava Exports

Exports in MERCOSUR

In 2023, the amount of cassava exported in MERCOSUR surged to X tons, with an increase of X% against the previous year. Over the period under review, exports continue to indicate tangible growth. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2023, the growth of the exports remained at a lower figure.

In value terms, cassava exports contracted to $X in 2023. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Peru (X tons) represented the largest exporter of cassava, committing X% of total exports. Ecuador (X tons) took the second position in the ranking, distantly followed by Colombia (X tons). All these countries together held near X% share of total exports. Brazil (X tons) held a minor share of total exports.

Peru was also the fastest-growing in terms of the cassava exports, with a CAGR of X% from 2012 to 2023. At the same time, Brazil (X%) and Colombia (X%) displayed positive paces of growth. By contrast, Ecuador (X%) illustrated a downward trend over the same period. Peru (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Colombia and Ecuador saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Peru ($X), Ecuador ($X) and Colombia ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports. Brazil lagged somewhat behind, accounting for a further X%.

Brazil, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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 2023, the export price in MERCOSUR amounted to $X per ton, declining by X% against the previous year. In general, the export price saw a noticeable slump. The pace of growth was the most pronounced in 2022 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

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

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

Cassava Imports

Imports in MERCOSUR

For the third consecutive year, MERCOSUR recorded growth in overseas purchases of cassava, which increased by X% to X tons in 2023. Overall, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports remained at a lower figure.

In value terms, cassava imports shrank to $X in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then dropped in the following year.

Imports by Country

Chile prevails in imports structure, finishing at X tons, which was near X% of total imports in 2023. The following importers - Peru (X tons) and Colombia (X tons) - each finished at a X% share of total imports.

Chile was also the fastest-growing in terms of the cassava imports, with a CAGR of X% from 2012 to 2023. At the same time, Peru (X%) displayed positive paces of growth. By contrast, Colombia (X%) illustrated a downward trend over the same period. While the share of Chile (X p.p.) and Peru (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported cassava in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Chile totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Peru (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Colombia ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform