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

Earlier Report Observations

The market volume for wheat bran, sharps and residues in Latin America and the Caribbean fluctuated between 2018 and 2023. After an initial increase to 6.5 million tons in 2019, the market contracted to 6.3 million tons in 2020. A recovery followed, with volume rising to a peak of 6.7 million tons in 2022 before moderating to 6.6 million tons in 2023.

Regional trade dynamics, particularly involving Mexico, were a consistent feature. States like Nuevo León and Jalisco maintained active export roles, while import flows into the region were supplied by a diverse set of partners including Argentina, Russia, Indonesia, and India.

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

In kind, 2017-2020, K t

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

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

Following two years of growth, wheat bran, sharps, and residues production in Latin America and the Caribbean declined. In 2020, the region produced 6 349 K t, marking a 2.2% decrease from the previous year. Over the period from 2017 to 2020, production rose by 3.8%, which translates to an average annual growth rate of 1.3%. The peak was reached in 2019 at 6 491 K t, with the most significant increase occurring in 2018 at 3.3%.

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

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

Exports in kind, K t

Exports of wheat bran, sharps, and residues from Latin America and the Caribbean grew for the third year in a row. In 2020, the region exported 299.4 K t, showing a sharp rise of 36.3% compared to the prior year. From 2017 to 2020, exports surged by 111.6%, averaging an annual growth rate of 28.4%.

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

From 2017 to 2020, the three largest markets—Saudi Arabia, Morocco, and Oman—consistently dominated exports in kind, collectively accounting for 29.6% of total trade flows.

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 data shows irregular fluctuations, pointing to a volatile market environment. The lowest export value was recorded in 2017, while the highest was in 2019, with a 2.2-fold difference between these years. In 2020, cross-border shipments of wheat bran, sharps, and residues from Latin America and the Caribbean totaled 47 228 K $ US, a 5.0% drop from 2019. The maximum value was 49 690 K $ US in 2019, with the largest increase also occurring that year at 74.2%.

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

Throughout 2017–2020, Saudi Arabia (16.8% of exports by value), Morocco (6.3%), and Oman (2.2%) remained the key partners in value terms, together making up 25.3% 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 wheat bran, sharps and residues to Latin America and the Caribbean

Imports in kind, K t

After two years of decline, imports of wheat bran, sharps, and residues into Latin America and the Caribbean increased. In 2020, imports reached 220.1 K t, up by 0.9% year-over-year. Between 2017 and 2020, imports fell by 4.8%, equating to an average annual decline of 1.6%. The lowest volume was in 2019 at 218.1 K t, with the steepest drop recorded in 2018 at 3.6%.

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 and Nigeria formed the core group of markets for imports in kind, jointly representing 15.6% 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 wheat bran, sharps, and residues into Latin America and the Caribbean rose for the third consecutive year. In 2020, imports amounted to 40 908 K $ US, holding steady compared to 2019. Over the 2017-2020 period, imports grew by 15.4%, with a compound annual growth rate of 4.9%.

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

Between 2017 and 2020, the United States (12.5% of imports by value), Nigeria (1.8%), and Poland (0.8%) led the ranking of suppliers to Latin America and the Caribbean, with their combined share reaching 15.1% 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