MERCOSUR: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in MERCOSUR

In 2022, the MERCOSUR non-wheat cereal pellets market decreased by X% to $X, falling for the second year in a row after three years of growth. The total consumption indicated a measured 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, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Non-Wheat Cereal Pellets Production in MERCOSUR

In value terms, non-wheat cereal pellets production amounted to $X in 2022 estimated in export price. The total production indicated a strong 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, production decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Non-Wheat Cereal Pellets Exports

Exports in MERCOSUR

In 2022, after two years of growth, there was significant decline in shipments abroad of cereal pellets (excluding wheat), when their volume decreased by X% to X tons. Over the period under review, exports recorded a noticeable decline. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-wheat cereal pellets exports surged to $X in 2022. In general, exports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Brazil was the major exporter of cereal pellets (excluding wheat) in MERCOSUR, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Ecuador (X kg), generating a X% share of total exports. Peru (X kg) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-wheat cereal pellets exports from Brazil stood at X%. At the same time, Peru (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Ecuador (X%) illustrated a downward trend over the same period. Brazil (X p.p.) and Peru (X p.p.) significantly strengthened its position in terms of the total exports, while Ecuador saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Ecuador ($X) emerged as the largest non-wheat cereal pellets supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Ecuador totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, growing by X% against the previous year. Overall, the export price enjoyed a strong increase. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Non-Wheat Cereal Pellets Imports

Imports in MERCOSUR

After seven years of growth, overseas purchases of cereal pellets (excluding wheat) decreased by X% to X tons in 2022. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, non-wheat cereal pellets imports fell sharply to $X in 2022. In general, imports recorded a deep setback. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then shrank notably in the following year.

Imports by Country

Peru was the major importing country with an import of around X tons, which resulted at X% of total imports. Ecuador (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Chile (X%). Venezuela (X tons) held a relatively small share of total imports.

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

In value terms, the largest non-wheat cereal pellets importing markets in MERCOSUR were Peru ($X), Ecuador ($X) and Chile ($X), together accounting for X% of total imports.

Chile, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 MERCOSUR amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the near future.

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 Chile ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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