Latin America and the Caribbean: Non-Wheat Flour Market 2024

Non-Wheat Flour Market Size in Latin America and the Caribbean

The Latin American non-wheat flour market rose modestly to $X in 2023, with an increase of X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Non-Wheat Flour Production in Latin America and the Caribbean

In value terms, non-wheat flour production rose slightly to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Non-Wheat Flour Exports

Exports in Latin America and the Caribbean

Non-wheat flour exports dropped to X tons in 2023, waning by X% on 2022 figures. Total exports indicated a pronounced expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, non-wheat flour exports expanded remarkably to $X in 2023. Over the period under review, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2020 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

Mexico represented the main exporting country with an export of about X tons, which finished at X% of total exports. El Salvador (X tons) ranks second in terms of the total exports with a X% share, followed by Colombia (X%), Brazil (X%) and the Dominican Republic (X%). Honduras (X tons) and Costa Rica (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to non-wheat flour exports from Mexico stood at X%. At the same time, the Dominican Republic (X%), Costa Rica (X%), Colombia (X%) and Honduras (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, El Salvador (X%) and Brazil (X%) illustrated a downward trend over the same period. Mexico (X p.p.), Colombia (X p.p.), the Dominican Republic (X p.p.) and Honduras (X p.p.) significantly strengthened its position in terms of the total exports, while El Salvador and Brazil saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest non-wheat flour supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by El Salvador ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Mexico totaled X%. In the other countries, the average annual rates were as follows: El Salvador (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, jumping by X% against the previous year. Export price indicated a perceptible expansion from 2012 to 2023: its price 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, non-wheat flour export price increased by X% against 2017 indices. The growth pace was the most rapid in 2022 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Non-Wheat Flour Imports

Imports in Latin America and the Caribbean

In 2023, the amount of non-wheat flours imported in Latin America and the Caribbean contracted modestly to X tons, reducing by X% compared with the year before. Total imports indicated a tangible 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, non-wheat flour imports dropped to $X in 2023. Overall, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2022, and then reduced slightly in the following year.

Imports by Country

In 2023, Honduras (X tons), distantly followed by Haiti (X tons), El Salvador (X tons), Nicaragua (X tons), Chile (X tons), Peru (X tons), Guatemala (X tons) and Mexico (X tons) represented the major importers of non-wheat flours, together committing X% of total imports. The following importers - Costa Rica (X tons), Ecuador (X tons), Panama (X tons), Trinidad and Tobago (X tons) and Colombia (X tons) - together made up X% of total imports.

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

In value terms, Honduras ($X), Nicaragua ($X) and El Salvador ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Chile, Peru, Guatemala, Haiti, Mexico, Costa Rica, Ecuador, Panama, Colombia and Trinidad and Tobago lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Panama, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 Latin America and the Caribbean stood at $X per ton in 2023, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

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 Panama ($X per ton), while Haiti ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform