MERCOSUR: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in MERCOSUR

The MERCOSUR uncooked pasta market rose significantly to $X in 2021, growing by 5.2% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Uncooked Pasta Production in MERCOSUR

In value terms, uncooked pasta production rose rapidly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 10% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Uncooked Pasta Exports

Exports in MERCOSUR

After five years of growth, overseas shipments of uncooked pasta (containing eggs) decreased by -1.4% to X tons in 2021. Over the period under review, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2018 when exports increased by 51% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then dropped modestly in the following year.

In value terms, uncooked pasta exports expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when exports increased by 31% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2021, Peru (X tons) represented the key exporter of uncooked pasta (containing eggs), making up 67% of total exports. Brazil (X tons) took the second position in the ranking, distantly followed by Argentina (X tons). All these countries together held approx. 29% share of total exports. Uruguay (X tons) followed a long way behind the leaders.

Peru was also the fastest-growing in terms of the uncooked pasta (containing eggs) exports, with a CAGR of +60.3% from 2012 to 2021. At the same time, Brazil (+14.0%) and Argentina (+6.6%) displayed positive paces of growth. By contrast, Uruguay (-23.0%) illustrated a downward trend over the same period. While the share of Peru (+64 p.p.) and Brazil (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Argentina (-3 p.p.) and Uruguay (-52.8 p.p.) displayed negative dynamics.

In value terms, Peru ($X), Brazil ($X) and Argentina ($X) were the countries with the highest levels of exports in 2021, together accounting for 91% of total exports.

Peru, with a CAGR of +52.5%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, increasing by 14% against the previous year. In general, the export price, however, recorded a deep reduction. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Argentina ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+5.3%), while the other leaders experienced a decline in the export price figures.

Uncooked Pasta Imports

Imports in MERCOSUR

In 2021, supplies from abroad of uncooked pasta (containing eggs) was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded a relatively flat trend pattern. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, uncooked pasta imports rose remarkably to $X in 2021. Over the period under review, imports, however, recorded a mild decline. The pace of growth was the most pronounced in 2014 when imports increased by 16% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Colombia was the main importer of uncooked pasta (containing eggs) in MERCOSUR, with the volume of imports reaching X tons, which was approx. 45% of total imports in 2021. Venezuela (X tons) took a 27% share (based on physical terms) of total imports, which put it in second place, followed by Chile (12%) and Uruguay (6%). Brazil (X tons) and Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Venezuela (with a CAGR of +33.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) constitutes the largest market for imported uncooked pasta (containing eggs) in MERCOSUR, comprising 39% of total imports. The second position in the ranking was taken by Venezuela ($X), with a 17% share of total imports. It was followed by Brazil, with a 16% share.

From 2012 to 2021, the average annual growth rate of value in Colombia amounted to -1.5%. The remaining importing countries recorded the following average annual rates of imports growth: Venezuela (+22.1% per year) and Brazil (-3.3% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, shrinking by -10.1% against the previous year. In general, the import price recorded a mild decrease. The pace of growth was the most pronounced in 2018 when the import price increased by 3.6%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+12.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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