Flour or powder of sago, roots or tubers market in Latin America and the Caribbean

Earlier Report Observations

The market volume for flour and powder of sago, roots or tubers in Latin America and the Caribbean showed a varied trajectory from 2018 to 2023. Starting at 1 069 thousand tons, it reached a peak of 1 111 thousand tons in 2020 before declining over the next two years to 1 061 thousand tons. The market then rebounded strongly in 2023, climbing to 1 102 thousand tons.

Peru and Brazil were consistently noted as significant regional exporters, influencing trade flows. A key shift occurred as global consumer demand for gluten-free and natural food products grew, fostering product innovation and diversification within the region. This trend provided a foundation for the market's recovery and expansion in volume during 2023.

Production flour or powder of sago, roots or tubers in Latin America and the Caribbean

In kind, 2017-2020, K t

Top producers of flour or powder of sago, roots or tubers, 2017-2020

World map of production of flour or powder of sago, roots or tubers, 2017-2020

Production of flour or powder from sago, roots, or tubers in Latin America and the Caribbean has increased for the second consecutive year. In 2020, the region produced 1 133 thousand tonnes, marking a moderate year-on-year uptick of 3.7%. Between 2017 and 2020, production grew by 2.3%, equating to an annualized rate of 0.7%. The lowest production level was recorded in 2018 at 1 087 thousand tonnes, which also saw the largest decline of 1.8%.

Annual dynamics of production in Latin America and the Caribbean in kind, 2017-2020, K t

In value, 2017-2020, M $ US

In 2020, the output value of flour or powder from sago, roots, or tubers in Latin America and the Caribbean was valued at 1 872 million US dollars, representing a decrease of 8.3% compared to 2019. Over the period from 2017 to 2020, production value fell by 21.1%, with a compound annual growth rate (CAGR) of -7.6%. The largest decline occurred in 2018 at 17.3%, while the largest increase was recorded in 2019 at 4.0%.

Annual dynamics of production in Latin America and the Caribbean in value, 2017-2020, M $ US

Exports flour or powder of sago, roots or tubers from Latin America and the Caribbean

Exports in kind, t

In 2020, exports of flour or powder from sago, roots, or tubers from Latin America and the Caribbean reached 23 910 tonnes, showing a sharp increase of 65.0% compared to the previous year. From 2017 to 2020, exports grew by 77.3%, with a CAGR of 21.0%. The largest decline was observed in 2019 at 23.1%.

Annual dynamics of product's exports from Latin America and the Caribbean in kind, 2017-2020, t

Between 2017 and 2020, the United States remained the primary market for exports in kind, accounting for 76.5% of total flows. The remaining volume was distributed across numerous other destinations.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Latin America and the Caribbean in kind, 2017-2020

Exports in value, K $ US

In 2020, the export value of flour or powder from sago, roots, or tubers from Latin America and the Caribbean totaled 39 510 thousand US dollars, marking an intense gain of 45.9% from 2019. Over the period from 2017 to 2020, exports increased by 36.7%, with a CAGR of 11.0%. The lowest value was recorded in 2019 at 27 088 thousand US dollars, which also saw the largest decline of 20.4%.

Annual dynamics of product's exports from Latin America and the Caribbean in value, 2017-2020, K $ US

From 2017 to 2020, the main cluster of markets for exports in value terms consisted of the United States (64.9% of exports), Japan (3.7%), and Germany (3.6%). Together, these three countries accounted for 72.2% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Latin America and the Caribbean in value, 2017-2020

Imports flour or powder of sago, roots or tubers to Latin America and the Caribbean

Imports in kind, t

The market exhibited volatility during these years. The lowest import volume was observed in 2019 at 830 tonnes, while the highest occurred in 2020, resulting in a peak-to-trough ratio of 1.9 times. In 2020, cross-border shipments of flour or powder from sago, roots, or tubers to Latin America and the Caribbean reached 1 558 tonnes, up by 87.7% compared to the previous year. The largest decline was recorded in 2018 at 31.1%.

Annual dynamics of product's imports to Latin America and the Caribbean in kind, 2017-2020, t

Between 2017 and 2020, imports in kind of flour or powder from sago, roots, or tubers to Latin America and the Caribbean were widely dispersed across partner countries. Nigeria (5.4% of imports), the United States (4.3%), and Thailand (3.9%) together represented only 13.6% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Latin America and the Caribbean in kind, 2017-2020

Imports in value, K $ US

Imports of flour or powder from sago, roots, or tubers in Latin America and the Caribbean have increased for the second consecutive year. In 2020, the region imported a total value of flour or powder from sago, roots, or tubers, marking an advance of 34.7% year-on-year. Between 2017 and 2020, imports grew by 63.3%, equating to an annualized rate of 17.8%. The minimum value was recorded in 2018 at 2 127 thousand US dollars, which also saw the largest decline of 0.1%.

Annual dynamics of product's imports to Latin America and the Caribbean in value, 2017-2020, K $ US

From 2017 to 2020, imports in value terms of flour or powder from sago, roots, or tubers to Latin America and the Caribbean were not heavily concentrated. The United States (5.5% of imports), Nigeria (2.0%), and the Netherlands (1.7%) together captured only 9.2% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Latin America and the Caribbean in value, 2017-2020