MERCOSUR: Wheat Market 2024

Wheat Market Size in MERCOSUR

The MERCOSUR wheat market was estimated at $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Wheat Production in MERCOSUR

In value terms, wheat production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced downturn. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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

From 2012 to 2022, the average annual growth rate of volume in Argentina totaled X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Chile (X% per year).

The average wheat yield stood at X tons per ha in 2022, approximately reflecting 2021 figures. In general, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2022, 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 2022, the harvested area of wheat in MERCOSUR stood at X ha, almost unchanged from the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

Wheat Exports

Exports in MERCOSUR

In 2022, overseas shipments of wheat increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, wheat exports skyrocketed to $X in 2022. In general, exports enjoyed perceptible growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Argentina (X tons) represented the main exporter of wheat, constituting X% of total exports. It was distantly followed by Brazil (X tons), committing an X% share of total exports. Uruguay (X tons) and Paraguay (X tons) held a minor share of total exports.

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

In value terms, Argentina ($X) remains the largest wheat supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with an X% share of total exports. It was followed by Uruguay, with a X% share.

In Argentina, wheat exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Uruguay (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated a slight increase 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, wheat export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Paraguay ($X per ton) and Uruguay ($X per ton), while Argentina ($X per ton) and Brazil ($X per ton) were amongst the lowest.

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

Wheat Imports

Imports in MERCOSUR

In 2022, approx. X tons of wheat were imported in MERCOSUR; shrinking by X% on 2021 figures. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, wheat imports skyrocketed to $X in 2022. Total imports indicated temperate growth 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Brazil was the key importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Colombia (X tons), Peru (X tons), Ecuador (X tons) and Chile (X tons), together constituting a X% share of total imports. Venezuela (X tons) followed a long way behind the leaders.

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

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

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

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated temperate growth 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, wheat import price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: 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 more modest paces of growth.

Source: IndexBox Platform

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