MERCOSUR: Durum Wheat Market 2024

Durum Wheat Market Size in MERCOSUR

The MERCOSUR durum wheat market rose remarkably to $X in 2022, surging by X% against the previous year. In general, consumption saw a prominent expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Durum Wheat Production in MERCOSUR

In value terms, durum wheat production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production posted prominent growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Argentina (X tons) remains the largest durum wheat producing country in MERCOSUR, accounting for X% of total volume. Moreover, durum wheat production in Argentina exceeded the figures recorded by the second-largest producer, Brazil (X tons), threefold. The third position in this ranking was held by Paraguay (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Argentina amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Brazil (X% per year) and Paraguay (X% per year).

The average durum wheat yield declined slightly to X tons per ha in 2022, with a decrease of X% compared with the previous year. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The durum wheat harvested area stood at X ha in 2022, increasing by X% on the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to durum wheat production reached the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Durum Wheat Exports

Exports in MERCOSUR

In 2022, the amount of durum wheat exported in MERCOSUR shrank markedly to X tons, reducing by X% on 2021. In general, exports faced a precipitous shrinkage. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, durum wheat exports plummeted to $X in 2022. Over the period under review, exports saw a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. Paraguay (X tons) took a minor share of total exports.

Argentina was also the fastest-growing in terms of the durum wheat exports, with a CAGR of X% from 2012 to 2022. Paraguay (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Argentina increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest durum wheat supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Paraguay ($X), with a X% share of total exports.

In Argentina, durum wheat exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, declining by X% against the previous year. Overall, the export price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Paraguay ($X per ton), while Argentina stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%).

Durum Wheat Imports

Imports in MERCOSUR

In 2022, imports of durum wheat in MERCOSUR soared to X tons, growing by X% against 2021. Overall, imports, however, saw a perceptible decrease. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, durum wheat imports skyrocketed to $X in 2022. In general, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Ecuador prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Peru (X tons), mixing up a X% share of total imports. The following importers - Brazil (X tons), Chile (X tons), Venezuela (X tons) and Colombia (X tons) - together made up X% of total imports.

Imports into Ecuador increased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%), Chile (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Peru (X%) and Venezuela (X%) illustrated a downward trend over the same period. Ecuador (X p.p.), Brazil (X p.p.), Chile (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total imports, while Peru and Venezuela saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Ecuador ($X) constitutes the largest market for imported durum wheat in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with an X% share of total imports. It was followed by Brazil, with a X% share.

In Ecuador, durum wheat imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Peru (X% per year) and Brazil (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price 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, durum wheat import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

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