Office
Guadalajara, Mexico
History and Overview
ASA-IM's office in the Latin America region opened in December 1975 and serves Mexico, Guatemala, Belize, Costa Rica, Honduras, Nicaragua, Panama, El Salvador, Colombia, Venezuela, Ecuador, Peru, and the Caribbean Basin.
Mexico and Central America are growth markets. Mexico continues to be primarily a crush market, however, an increase in the import of soybean meal and oil in place of soybeans has become a trend in recent years.
The growth in the soybean market has been primarily due to the higher inclusion rates of meal and oil in feed formulations, increased consumption in the poultry, swine, livestock, and aquaculture industry, improved oil quality, and increased distribution and consumption in the Hotel, Restaurant, Industrial sector and new uses for soybean oil.
Population
220 million |
Regional Director
William Brant
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Industry Statistics
- Latin America is the #1 soybean meal region for U.S. exports. Soybean meal is 53% of all U.S. exports worldwide.
- Latin America is the #1 soybean oil region for U.S. exports and is 48% of all U.S. exports worldwide. Mexico, Guatemala, and Nicaragua are the biggest customers.
- Mexico is ranked #2, Costa Rica #13 and Colombia #18 for U.S. exports
- Over 18 new soy products for human consumption have been introduced in the region in the last year alone - sales now surpass 275,000 metric ton soybean meal equivalent (SBE)
- Livestock industry is increasing resulting in significant growth in soybean meal consumption in the region.
- Opportunities lie in the marketing of value-added consumer products, increasing soy inclusion rates and feeding demonstrations of U.S. soybean meal and competitive proteins.
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