Latin America and the Caribbean: Barley Market 2024

Barley Market Size in Latin America and the Caribbean

In 2022, the Latin American barley market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Barley Production in Latin America and the Caribbean

In value terms, barley production stood at $X in 2022 estimated in export price. Over the period under review, production, however, posted moderate growth. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The country with the largest volume of barley production was Argentina (X tons), comprising approx. X% of total volume. Moreover, barley production in Argentina exceeded the figures recorded by the second-largest producer, Mexico (X tons), fourfold. The third position in this ranking was taken by Uruguay (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume in Argentina totaled X%. The remaining producing countries recorded the following average annual rates of production growth: Mexico (X% per year) and Uruguay (X% per year).

The average barley yield fell slightly to X tons per ha in 2022, stabilizing at the year before. The yield figure increased at an average annual rate of X% 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 2016 when the yield increased by X%. The level of yield peaked at X tons per ha in 2021, and then dropped in the following year. 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 barley in Latin America and the Caribbean amounted to X ha, remaining relatively unchanged against 2021 figures. Over the period under review, the harvested area, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the harvested area dedicated to barley production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Barley Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of barley increased by X% to X tons, rising for the second consecutive year after four years of decline. Total exports indicated a slight 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 2020 indices. The pace of growth was the most pronounced in 2016 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, barley exports soared to $X in 2022. Over the period under review, exports saw a perceptible increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Uruguay (X tons), making up a X% share of total exports.

Argentina experienced a relatively flat trend pattern with regard to volume of exports of barley. At the same time, Uruguay (X%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. While the share of Uruguay (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (X p.p.) displayed negative dynamics.

In value terms, Argentina ($X) remains the largest barley supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Uruguay ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Argentina amounted to X%.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Export price indicated a pronounced expansion 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, barley export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Uruguay stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%).

Barley Imports

Imports in Latin America and the Caribbean

After two years of decline, supplies from abroad of barley increased by X% to X tons in 2022. Total imports indicated a resilient increase 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 decreased by X% against 2019 indices. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, barley imports surged to $X in 2022. Total imports indicated prominent 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) was the major importer of barley, making up X% of total imports. It was distantly followed by Colombia (X tons), Mexico (X tons) and Peru (X tons), together constituting a X% share of total imports. Chile (X tons) and Ecuador (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest barley importing markets in Latin America and the Caribbean were Brazil ($X), Colombia ($X) and Peru ($X), with a combined X% share of total imports. Mexico, Chile and Ecuador lagged somewhat behind, together accounting for a further X%.

Mexico, with a CAGR of X%, recorded 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 Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached 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 Chile ($X per ton), while Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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