Mate Market

The article provides an in-depth analysis of the global mate market, covering consumption, production, import, and export trends from 2012 to 2022. It includes data on market performance, trends in consumption volume and value, production volumes, yield per hectare, harvested areas, import and export volumes, and average prices. The article also offers forecasted data up to 2030, predicting continued growth in consumption and production.

Market Forecast

Driven by increasing demand for mate worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market volume to 2.2M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.6% for the period from 2022 to 2030, which is projected to bring the market value to $4.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Mate

In 2022, the amount of mate consumed worldwide rose rapidly to 1.7M tons, increasing by 8.8% against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.8% against 2016 indices. Global consumption peaked in 2022 and is likely to see gradual growth in years to come.

The global mate market revenue stood at $3B in 2022, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.8% against 2020 indices. As a result, consumption attained the peak level of $3.7B. From 2017 to 2022, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Argentina (910K tons), Brazil (571K tons) and Paraguay (96K tons), with a combined 95% share of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Argentina (with a CAGR of +15.4%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest mate markets worldwide were Argentina ($1.7B), Brazil ($967M) and Paraguay ($175M), with a combined 94% share of the global market.

Argentina, with a CAGR of +14.4%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of mate per capita consumption in 2022 were Argentina (20 kg per person), Paraguay (13 kg per person) and Uruguay (8.8 kg per person).

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +14.2%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Mate

In 2022, global production of mate was estimated at 1.7M tons, surging by 9.3% on the year before. Overall, the total production indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.2% against 2016 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 55% against the previous year. Over the period under review, global production reached the maximum volume in 2022 and is expected to retain growth in years to come. The general positive trend in terms output was largely conditioned by a prominent increase of the harvested area and a buoyant expansion in yield figures.

In value terms, mate production fell to $2.9B in 2022 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 41%. Over the period under review, global production reached the peak level at $3.9B in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were Argentina (930K tons), Brazil (619K tons) and Paraguay (105K tons), together comprising 100% of global production.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +14.0%), while production for the other global leaders experienced more modest paces of growth.

Yield

In 2022, the global average mate yield expanded remarkably to 5.9 tons per ha, picking up by 6.2% on the previous year's figure. Over the period under review, the yield indicated a resilient increase from 2012 to 2022: its figure increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mate yield increased by +8.5% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the yield increased by 64% against the previous year. As a result, the yield attained the peak level of 5.9 tons per ha; afterwards, it flattened through to 2022.

Harvested Area

In 2022, approx. 282K ha of mate were harvested worldwide; increasing by 2.9% compared with the previous year's figure. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the harvested area increased by 3.5%. Over the period under review, the harvested area dedicated to mate production reached the maximum in 2022 and is expected to retain growth in the near future.

Imports

World Imports of Mate

In 2022, the amount of mate imported worldwide was estimated at 94K tons, increasing by 3.1% compared with 2021. In general, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.7% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 40%. As a result, imports attained the peak of 118K tons. From 2021 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, mate imports expanded notably to $208M in 2022. The total import value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 32%. Over the period under review, global imports reached the peak figure at $231M in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports By Country

Uruguay (31K tons), Syrian Arab Republic (23K tons) and Argentina (20K tons) represented roughly 79% of total imports in 2022. It was distantly followed by Chile (4.8K tons), mixing up a 5.1% share of total imports. Spain (2.9K tons), the United States (1.8K tons) and Germany (1.8K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +61.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Uruguay ($65M), Syrian Arab Republic ($44M) and Argentina ($32M) appeared to be the countries with the highest levels of imports in 2022, together accounting for 68% of global imports.

Argentina, with a CAGR of +55.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average mate import price stood at $2,216 per ton in 2022, with an increase of 7.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 26%. Global import price peaked at $3,236 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($4,173 per ton), while Argentina ($1,608 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Mate

In 2022, the amount of mate exported worldwide expanded notably to 103K tons, increasing by 11% compared with the year before. Over the period under review, total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -13.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 41%. As a result, the exports attained the peak of 119K tons. From 2021 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, mate exports soared to $221M in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 34%. The global exports peaked at $234M in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports By Country

Brazil (48K tons) and Argentina (40K tons) dominates exports structure, together committing 85% of total exports. It was distantly followed by Paraguay (9.3K tons), mixing up a 9% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Paraguay (with a CAGR of +27.7%), while the other global leaders experienced more modest paces of growth.

In value terms, Brazil ($96M), Argentina ($87M) and Paraguay ($14M) constituted the countries with the highest levels of exports in 2022, with a combined 89% share of global exports.

Among the main exporting countries, Paraguay, with a CAGR of +23.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average mate export price amounted to $2,138 per ton, surging by 8.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 26%. The global export price peaked at $3,076 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($2,184 per ton), while Paraguay ($1,553 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+0.7%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform