MERCOSUR: Breakfast Cereal Market 2024

Breakfast Cereal Market Size in MERCOSUR

The MERCOSUR breakfast cereal market shrank slightly to $X in 2022, dropping by X% against the previous year. The total consumption indicated a moderate expansion 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 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Breakfast Cereal Production in MERCOSUR

In value terms, breakfast cereal production shrank modestly to $X in 2022 estimated in export price. The total production 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, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Breakfast Cereal Exports

Exports in MERCOSUR

In 2022, approx. X tons of breakfast cereals were exported in MERCOSUR; growing by X% against 2021. Over the period under review, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, breakfast cereal exports stood at $X in 2022. Overall, exports, however, continue to indicate a perceptible downturn. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Chile was the main exporting country with an export of around X tons, which finished at X% of total exports. Brazil (X tons) ranks second in terms of the total exports with a X% share, followed by Colombia (X%), Peru (X%) and Argentina (X%).

Exports from Chile decreased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%), Colombia (X%) and Peru (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, Argentina (X%) illustrated a downward trend over the same period. Brazil (X p.p.), Colombia (X p.p.) and Peru (X p.p.) significantly strengthened its position in terms of the total exports, while Chile saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest breakfast cereal supplying countries in MERCOSUR were Brazil ($X), Chile ($X) and Colombia ($X), with a combined X% share of total exports.

Among the main exporting countries, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. In general, the export price recorded a prominent increase. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 Peru ($X per ton), while Chile ($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 mixed trends in the export price figures.

Breakfast Cereal Imports

Imports in MERCOSUR

Breakfast cereal imports contracted to X tons in 2022, declining by X% compared with 2021. Overall, imports saw a perceptible curtailment. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, breakfast cereal imports amounted to $X in 2022. In general, imports recorded a mild contraction. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Peru (X tons) represented the major importer of breakfast cereals, making up X% of total imports. It was distantly followed by Chile (X tons), Colombia (X tons), Ecuador (X tons), Paraguay (X tons) and Guyana (X tons), together creating a X% share of total imports. Uruguay (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to breakfast cereal imports into Peru stood at X%. At the same time, Guyana (X%), Paraguay (X%) and Chile (X%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Uruguay (X%), Ecuador (X%) and Colombia (X%) illustrated a downward trend over the same period. While the share of Peru (X p.p.), Chile (X p.p.), Guyana (X p.p.) and Paraguay (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Colombia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X), Peru ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Guyana, Ecuador, Paraguay and Uruguay lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Guyana, 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 MERCOSUR stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated a tangible 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, breakfast cereal import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked 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 Guyana ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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