MERCOSUR: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in MERCOSUR

The MERCOSUR waffle and wafer market shrank slightly to $X in 2022, waning by X% against the previous year. The total consumption indicated noticeable 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Waffle And Wafer Production in MERCOSUR

In value terms, waffle and wafer production shrank modestly to $X in 2022 estimated in export price. The total production indicated a noticeable increase 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Waffle And Wafer Exports

Exports in MERCOSUR

In 2022, exports of waffles and wafers in MERCOSUR totaled X tons, increasing by X% on the year before. Total exports indicated a strong expansion from 2012 to 2022: its volume 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, exports increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, waffle and wafer exports skyrocketed to $X in 2022. Total exports indicated a remarkable increase 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Brazil (X tons) represented the main exporter of waffles and wafers, mixing up X% of total exports. Colombia (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Argentina (X%) and Peru (X%). Chile (X tons) and Venezuela (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to waffle and wafer exports from Brazil stood at X%. At the same time, Venezuela (X%), Colombia (X%), Peru (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Chile (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.) and Venezuela (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (X p.p.), Argentina (X p.p.) and Chile (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest waffle and wafer supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

In Brazil, waffle and wafer 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: Colombia (X% per year) and Argentina (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

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

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

Waffle And Wafer Imports

Imports in MERCOSUR

In 2022, imports of waffles and wafers in MERCOSUR expanded slightly to X tons, increasing by X% on 2021. Total imports indicated a buoyant expansion from 2012 to 2022: its volume 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 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, waffle and wafer imports soared to $X in 2022. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

The countries with the highest levels of waffle and wafer imports in 2022 were Chile (X tons), Brazil (X tons), Paraguay (X tons), Venezuela (X tons), Colombia (X tons), Peru (X tons), Uruguay (X tons), Argentina (X tons) and Ecuador (X tons), together accounting for X% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Peru (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Colombia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Paraguay, Argentina, Venezuela, Ecuador, Peru and Uruguay lagged somewhat behind, together comprising a further X%.

Peru, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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, surging by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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