MERCOSUR: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in MERCOSUR

In 2023, the MERCOSUR market for protein concentrates and flavoured or coloured sugar syrups increased by X% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2023.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in MERCOSUR

In value terms, production of protein concentrates and flavoured or coloured sugar syrups reduced modestly to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production of attained the maximum level at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports in MERCOSUR

In 2023, exports of protein concentrates and flavoured or coloured sugar syrups in MERCOSUR shrank to X tons, dropping by X% against 2022 figures. Total exports indicated a notable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The volume of export peaked at X tons in 2022, and then declined in the following year.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups contracted notably to $X in 2023. Over the period under review, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of export peaked at $X in 2022, and then fell sharply in the following year.

Exports by Country

In 2023, Argentina (X tons) and Brazil (X tons) represented the major exporter of protein concentrates and flavoured or coloured sugar syrups in MERCOSUR, committing X% of total export.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Argentina (with a CAGR of X%).

In value terms, Brazil ($X) remains the largest protein concentrate and flavoured or coloured sugar syrup supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports.

In Brazil, exports of protein concentrates and flavoured or coloured sugar syrups expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, reducing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports in MERCOSUR

In 2023, supplies from abroad of protein concentrates and flavoured or coloured sugar syrups decreased by X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups dropped to $X in 2023. Total imports indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2022, and then contracted in the following year.

Imports by Country

Chile prevails in syrups structure, recording X tons, which was near X% of total imports in 2023. Peru (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%). Brazil (X tons) took a relatively small share of total imports.

Chile was also the fastest-growing in terms of the protein concentrates and flavoured or coloured sugar syrups imports, with a CAGR of X% from 2012 to 2023. At the same time, Peru (X%) and Colombia (X%) displayed positive paces of growth. By contrast, Brazil (X%) illustrated a downward trend over the same period. Chile (X p.p.) significantly strengthened its position in terms of the total imports, while Colombia and Brazil saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported protein concentrates and flavoured or coloured sugar syrups in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Chile totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Peru (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, falling by X% against the previous year. In general, the import price saw a drastic downturn. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform