Maize bran, sharps and residues market in Latin America and the Caribbean

Earlier Report Observations

From 2018 to 2021, the market volume for maize bran, sharps and residues in Latin America and the Caribbean expanded from 3.1 million tonnes to 3.4 million tonnes, supported by consistent production growth. After reaching a peak, the market contracted to 3.1 million tonnes in 2022 and further to 2.9 million tonnes in 2023.

The market decline coincided with global supply chain disruptions and adverse weather conditions that reduced maize availability, limiting raw material for bran and residues. Simultaneously, heightened international trade activity, evidenced by significant export growth and sales in Mexican states like Nuevo León and Jalisco, diverted product from domestic consumption.

Factors such as increasing demand for gluten-free products and technological advances in maize processing continued to influence market dynamics, though the overall volume remained affected by export trends and global maize market conditions.

Production maize bran, sharps and residues in Latin America and the Caribbean

In kind, 2017-2020, K t

Top producers of maize bran, sharps and residues, 2017-2020

World map of production of maize bran, sharps and residues, 2017-2020

In Latin America and the Caribbean, maize bran, sharps, and residues production has grown for the third year in a row. In 2020, the region produced 3 453 K t, marking a 1.2% increase from 2019. From 2017 to 2020, production rose by 15.2%, with an average annual growth rate of 4.8%.

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

In value, 2017-2020, M $ US

Following two years of growth, maize bran, sharps, and residues production in Latin America and the Caribbean saw a decline. In 2020, the output was valued at 704.6 M $ US, down 3.3% from the previous year. Over the 2017-2020 period, production increased by 20%, with a compound annual growth rate of 6.3%. The highest value was recorded in 2019 at 728.8 M $ US, which also saw the largest increase of 15.1%.

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

Exports maize bran, sharps and residues from Latin America and the Caribbean

Exports in kind, K t

Exports of maize bran, sharps, and residues from Latin America and the Caribbean have risen for the third consecutive year. In 2020, exports reached 193.2 K t, a sharp increase of 53.3% compared to 2019. Between 2017 and 2020, exports surged by 302.7%, translating to an annualized growth rate of 59.1%.

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

From 2017 to 2020, Vietnam, Turkey, and the United Kingdom were the top buyers of maize bran, sharps, and residues from Latin America and the Caribbean, accounting for 15.0%, 14.9%, and 4.8% of exports in kind, respectively. However, their combined share was only 34.7% of total exports, indicating a diversified market structure.

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

The value of maize bran, sharps, and residues exports from Latin America and the Caribbean has increased for the third year in a row. In 2020, exports totaled 39 426 K $ US, up 46.5% from the previous year. Between 2017 and 2020, exports grew by 319.6%, with an annualized rate of 61.3%.

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

The export market in value terms was broad from 2017 to 2020. Turkey, Vietnam, and the United Kingdom accounted for 15.1%, 12.5%, and 5.0% of exports in value, respectively, but together made up just 32.6% of total flows. The remaining 67.4% was distributed among many other countries.

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 maize bran, sharps and residues to Latin America and the Caribbean

Imports in kind, K t

After two years of growth, imports of maize bran, sharps, and residues into Latin America and the Caribbean declined. In 2020, import volume was 70.9 K t, a significant drop of 12.0% from the previous year. Over the 2017-2020 period, imports increased by 30.6%, with a compound annual growth rate of 9.3%. The peak volume was in 2019 at 80.7 K t, while the largest increase occurred in 2018 at 35.7%.

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

From 2017 to 2020, the United States was the leading supplier of maize bran, sharps, and residues to Latin America and the Caribbean, holding 30.7% of total imports in kind.

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 maize bran, sharps, and residues into Latin America and the Caribbean fell for the second consecutive year. In 2020, imports amounted to 18 723 K $ US, a decrease of 4.1% from the previous year. Between 2017 and 2020, imports rose by 18.6%, with an annualized growth rate of 5.8%. The highest value was in 2018 at 21 298 K $ US, which also saw the largest increase of 34.9%. The largest decline was in 2019 at 8.3%.

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

Throughout 2017-2020, the United States was the primary source for maize bran, sharps, and residues imports into Latin America and the Caribbean, accounting for 44.9% of total imports in value terms.

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