Biocontrol market
29% of the biocontrol market, equivalent to $14.4 billion, will be in Latin America by 2023.
DunhamTrimmer, 2023
Biologicals Latam RedAgrícola, 2023
+506 2216 0222
paesa@iica.int
Evidences
405 results
Food Inflation
11.3% was food inflation in January 2023 and in June it had dropped to 6.1% in Latin America (CEPAL, FAO y IICA, 2023).
ISPA, 2023
https://opsaa.iica.int/resource-1157-perspectivas-de-la-agricultura-y-del-desarrollo-rural-en-las-americas:-una-mirada-hacia-america-latina-y-el-caribe-2023-2024-las-crisis-alimentaria,-energetica-y-financiera-estan-empujando-a-mas-
International energy prices
40% is the projected increase in energy goods since 2021, while food will rise by 11% in 2023 (ECLAC, 2022).
CEPAL, 2022
https://opsaa.iica.int/resources/?thematic-area=&countries=&resource_types=&search=Balance+preliminar+de+las+econom%C3%ADas
General inflation
8.4% was the inflationary peak in June 2022, falling to 4.2% in June 2023 in 18 countries (ECLAC, FAO and IICA, 2023).
ISPA, 2023
https://opsaa.iica.int/resource-1157-perspectivas-de-la-agricultura-y-del-desarrollo-rural-en-las-americas:-una-mirada-hacia-america-latina-y-el-caribe-2023-2024-las-crisis-alimentaria,-energetica-y-financiera-estan-empujando-a-mas-
Wheat imports
Less than 3% of wheat imports in LAC come from Ukraine and Russia, and even less in the case of other grains (CEPAL, FAO y IICA, 2023).
ISPA, 2023
https://opsaa.iica.int/resource-1157-perspectivas-de-la-agricultura-y-del-desarrollo-rural-en-las-americas:-una-mirada-hacia-america-latina-y-el-caribe-2023-2024-las-crisis-alimentaria,-energetica-y-financiera-estan-empujando-a-mas-
Tag:
Sector:
Cereals and cereal products
Instrument:
Studies and diagnoses
Result:
Information generation
Food Price Trends
125.1 was the FAO food price index, 15.5 points above the 2010-2019 average but below the 2021 level (ECLAC, FAO and IICA, 2023).
ISPA, 2023
https://opsaa.iica.int/resource-1157-perspectivas-de-la-agricultura-y-del-desarrollo-rural-en-las-americas:-una-mirada-hacia-america-latina-y-el-caribe-2023-2024-las-crisis-alimentaria,-energetica-y-financiera-estan-empujando-a-mas-
Tag:
Sector:
Finance, banking and insurance
Instrument:
Studies and diagnoses
Result:
Information generation
Crop Yields
1 % annual yield increases in key crops such as maize, rice and wheat are insufficient to double food production by 2050 (FAO, 2022).
FAO, 2022
https://opsaa.iica.int/resource-760-accion-mundial-sobre-el-desarrollo-verde-de-productos-agricolas-especiales:-un-pais,-un-producto-prioritario---plan-de-accion-2021-2025
Global economic growth in 2022
3.5% was the global GDP growth in 2022, 1.2 percentage points lower than forecasted before the Russian invasion of Ukraine (IMF, 2023)
FMI (2023)
FMI (Fondo Monetario Internacional, Estados Unidos de América). 2023a. World Economic Outlook: A Rocky Recovery. Washington, D. C., Estados Unidos de América.
Contribution of agriculture in LAC
22% of LAC exports are agricultural, contributing 5% of the regional GDP and generating 15% of the region's jobs. (CEPAL, FAO y IICA, 2023)
ISPA, 2023
Perspectivas de la Agricultura y del Desarrollo Rural en las Américas: una mirada hacia América Latina y el Caribe 2023-2024
Increase in LAC's agrifood trade balance
From USD 155.6 billion in 2019 to USD 231.4 billion in 2022, LAC's agrifood trade balance will increase (CEPAL, FAO y IICA, 2023).
ISPA, 2023
Perspectivas de la Agricultura y del Desarrollo Rural en las Américas: una mirada hacia América Latina y el Caribe 2023-2024