Data or statistical facts on the situation and perspectives of agri-food systems and the impact of policies
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).
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).
60% is the required increase in global food production by 2050, when the population will reach 9.7 billion (UNDESA, 2019).
35 % of the cultivated area in Latin America and the Caribbean is devoted to soybeans, followed by corn (22.7 %), sugar (7.5 %), wheat (6.2 %), beans (3.6 %), coffee (3 %), rice (2.6 %), other soybeans (2.1 %) and other crops (17 %) (FAO, 2023).
5% of GDP and 18% of employment in Latin America and the Caribbean come from agriculture (CEPALSTAT, 2023).
Between 0.1% and 1% of real GDP in the US and Europe would be affected by friendshoring, with a higher impact of up to 4.7% in countries in between the West and its adversaries (IMF, 2023).
