Latin America and the Caribbean: Baby Food Market 2024

Baby Food Market Size in Latin America and the Caribbean

The Latin American baby food market reduced to $X in 2022, dropping by X% against the previous year. Overall, consumption continues to indicate a noticeable reduction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Baby Food Production in Latin America and the Caribbean

In value terms, baby food production dropped modestly to $X in 2022 estimated in export price. In general, production recorded a pronounced decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Baby Food Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of food preparations for infants decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, baby food exports rose sharply to $X in 2022. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico was the largest exporting country with an export of about X tons, which finished at X% of total exports. Chile (X tons) held the second position in the ranking, followed by Brazil (X tons). All these countries together held approx. X% share of total exports. Argentina (X tons) followed a long way behind the leaders.

Exports from Mexico decreased at an average annual rate of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Chile experienced a relatively flat trend pattern. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile and Brazil increased by X and X percentage points, respectively.

In value terms, Mexico ($X) remains the largest baby food supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (X% per year) and Brazil (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Baby Food Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of food preparations for infants were imported in Latin America and the Caribbean; which is down by X% on the previous year. Over the period under review, imports continue to indicate a noticeable decline. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, baby food imports dropped to $X in 2022. Overall, imports showed a pronounced decline. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the twelve major importers of food preparations for infants, namely Colombia, Nicaragua, Guatemala, Peru, Honduras, Ecuador, Chile, El Salvador, Panama, the Dominican Republic, Bolivia and Venezuela, represented more than two-thirds of total import. Jamaica (X tons) held a minor share of total imports.

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

In value terms, the largest baby food importing markets in Latin America and the Caribbean were Colombia ($X), Peru ($X) and Ecuador ($X), with a combined X% share of total imports. Nicaragua, Guatemala, the Dominican Republic, Honduras, Panama, Chile, Bolivia, El Salvador, Jamaica and Venezuela lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Panama, with a CAGR of X%, saw 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :