Data or statistical facts on the situation and perspectives of agri-food systems and the impact of policies
5.3% was the estimated drop in South America's exports in 2023, after a 16.4% growth in 2022, with the exception of Brazil and Paraguay (IDB, 2024).
1.8% was the estimated increase in the volume of Latin American exports in 2023 (IDB, 2024).
More than 60% of the world's coffee supply came from Brazil and Colombia, while the price of Arabica fell due to better harvests (IDB, 2024).
By 27.7%, the price of sugar increased in 2023, far exceeding historical highs (IDB, 2024).
Soybean prices fell by 8.6% in 2023 compared to the previous year, in a context of high volatility due to factors such as the drought in Argentina and Uruguay, the record harvest in Brazil and Chinese demand (IDB, 2024).
A 5.9% drop in total imports of Latin America and the Caribbean in 2023, after an expansion of 20.9% in 2022 (IDB, 2024).
2.2% drop in the value of Latin America's goods exports in 2023 due to lower demand from its main trading partners (IDB, 2024).
23% of damages and losses from events such as El Niño affect the agricultural sector, reaching up to 82% in cases of drought (FAO, 2017).
30% of global production of corn, soybeans, sugar, beef, poultry and flour comes from Latin America, driving agricultural growth in the region (OECD/FAO, 2023).
USD 8.70 billion was the estimated size of the agricultural machinery market in Latin America in 2023, with a projected growth to USD 11.70 billion in 2028 (Mordor Intelligence, 2023).
