Jun 7, 2019

Latin America and the Caribbean - Cauliflower And Broccoli - Market Analysis, Forecast, Size, Trends and Insights

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Cauliflower And Broccoli Market in Latin America and the Caribbean - Key Insights

IndexBox has just published a new report, the Latin America and the Caribbean - Cauliflower And Broccoli - Market Analysis, Forecast, Size, Trends and Insights. Here is a summary of the report's key findings.

The revenue of the cauliflower and broccoli market in Latin America and the Caribbean amounted to $685M in 2017, surging by 18% against 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). The total market indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2017 figures, the cauliflower and broccoli consumption increased by +46.5% against 2015 indices. The most prominent rate of growth was recorded in 2013, when it surged by 27% year-to-year. The level of cauliflower and broccoli consumption peaked in 2017, and is expected to retain its growth in the immediate term.

Cauliflower And Broccoli Production in Latin America and the Caribbean

In 2017, the amount of cauliflower and broccoli produced in Latin America and the Caribbean totaled 1M tonnes, surging by 10% against the previous year. The total output indicated a prominent expansion from 2007 to 2017: its volume increased at an average annual rate of +5.5% over the last decade. This positive trend was largely conditioned by a prominent growth of the harvested area and a relatively flat trend pattern in yield figures.

In 2017, cauliflower and broccoli harvested area in Latin America and the Caribbean stood at 67K ha, jumping by 2% against the previous year. The harvested area increased at an average annual rate of +4.6% over the period from 2007 to 2017. In 2017, average yield of cauliflower and broccoli in Latin America and the Caribbean amounted to 15 tonne per ha, surging by 8% against the previous year. The cauliflower and broccoli yield continues to indicate a relatively flat trend pattern; however, future yield figures may subject to fluctuations affected by weather changes.

Mexico (685K tonnes) constituted the country with the largest volume of cauliflower and broccoli production, comprising approx. 68% of total production. Moreover, cauliflower and broccoli production in Mexico exceeded the figures recorded by the world's second largest producer, Ecuador (123K tonnes), sixfold. Guatemala (122K tonnes) ranked third in terms of total production with a 12% share.

In Mexico, cauliflower and broccoli production expanded at an average annual rate of +7.7% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Ecuador (+6.0% per year) and Guatemala (+1.3% per year).

Cauliflower And Broccoli Exports

Exports in Latin America and the Caribbean

In 2017, approx. 318K tonnes of cauliflower and broccoli were exported in Latin America and the Caribbean; jumping by 7.7% against the previous year. The total exports indicated a strong growth from 2007 to 2017: its volume increased at an average annual rate of +4.7% over the last decade. In value terms, cauliflower and broccoli exports totaled $310M (IndexBox estimates) in 2017. 

Exports by Country

Mexico represented the main exporting countries with an export of around 272K tonnes, which recorded 86% of total exports. It was distantly followed by Guatemala (36K tonnes), achieving 11% share of total exports. Ecuador (10K tonnes) held the slight share of total exports.

Mexico was also the fastest growing in terms of the cauliflower and broccoli exports, with a CAGR of +13.4% from 2007 to 2017. Guatemala (-5.4%) and Ecuador (-16.2%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Ecuador and Guatemala increased by 16% and 8.4% percentage points, while Mexico (-61.1%) saw their share reduced.

Export Prices by Country

In 2017, the cauliflower and broccoli export price in Latin America and the Caribbean amounted to $974 per tonne, going up by 5.6% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +3.4%.

Export prices varied noticeably by the country of destination; the country with the highest export price was Ecuador ($1.9 per kg), while Guatemala ($542 per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Ecuador (+7.9% per year), while the other leaders experienced mixed trends in the export price figures.

Cauliflower And Broccoli Imports
Imports in Latin America and the Caribbean

The imports amounted to 20K tonnes in 2017, rising by 38% against the previous year. The cauliflower and broccoli imports continue to indicate a mild decline. In value terms, cauliflower and broccoli imports amounted to $18M (IndexBox estimates) in 2017. 

Imports by Country

Mexico dominates cauliflower and broccoli imports structure, resulting at 10K tonnes, which was approx. 52% of total imports in 2017. Honduras (1.7K tonnes) ranks second in terms of the global imports with a 8.8% share, followed by El Salvador (8.3%) and Barbados (6.5%). The following importers - Bermuda (703 tonnes), Trinidad and Tobago (657 tonnes), Nicaragua (548 tonnes), Antigua and Barbuda (410 tonnes) and Bahamas (305 tonnes) together made up 13% of total imports.

From 2007 to 2017, average annual rates of growth with regard to cauliflower and broccoli imports into Mexico stood at -3.3%. At the same time, Honduras (+33.9%), Bermuda (+10.7%), Barbados (+4.2%), Antigua and Barbuda (+2.1%) and Nicaragua (+1.4%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +33.9% from 2007-2017. Trinidad and Tobago experienced a relatively flat trend pattern. By contrast, El Salvador (-2.7%) and Bahamas (-6.0%) illustrated a downward trend over the same period. Mexico (21%) and El Salvador (2.7%) significantly strengthened its position in terms of the global imports, while Barbados, Bermuda and Honduras saw its share reduced by -2.2%, -2.2% and -8.3% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

Import Prices by Country

The cauliflower and broccoli import price in Latin America and the Caribbean stood at $882 per tonne in 2017, falling by -14.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%.

Import prices varied noticeably by the country of destination; the country with the highest import price was Antigua and Barbuda ($1.9 per kg), while Honduras ($411 per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Barbados (+7.5% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 393 - Cauliflowers and broccoli

This report provides an in-depth analysis of the cauliflower and broccoli market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• British Virgin Islands
• Cayman Islands
• Curacao
• Dominica
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guyana
• Haiti
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Harvested Area, By Country, 2007-2018
Table 7:
Yield, By Country, 2007-2018
Table 8:
Imports, In Physical Terms, By Country, 2007–2018
Table 9:
Imports, In Value Terms, By Country, 2007–2018
Table 10:
Import Prices, By Country Of Destination, 2007–2018
Table 11:
Exports, In Physical Terms, By Country, 2007–2018
Table 12:
Exports, In Value Terms, By Country, 2007–2018
Table 13:
Export Prices, By Country Of Origin, 2007–2018
Table 14:
Producer Prices, By Major Producing Country, 2018
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2018
Figure 18:
Production, In Value Terms, 2007–2018
Figure 19:
Area Harvested, 2007–2018
Figure 20:
Yield, 2007–2018
Figure 21:
Production, By Country, 2018
Figure 22:
Production, In Physical Terms, By Country, 2007–2018
Figure 23:
Harvested Area, By Country, 2018
Figure 24:
Harvested Area, By Country, 2007-2018
Figure 25:
Yield, By Country, 2007-2018
Figure 26:
Imports, In Physical Terms, 2007–2018
Figure 27:
Imports, In Value Terms, 2007–2018
Figure 28:
Imports, In Physical Terms, By Country, 2018
Figure 29:
Imports, In Physical Terms, By Country, 2007–2018
Figure 30:
Imports, In Value Terms, By Country, 2007–2018
Figure 31:
Import Prices, By Country, 2007–2018
Figure 32:
Exports, In Physical Terms, 2007–2018
Figure 33:
Exports, In Value Terms, 2007–2018
Figure 34:
Exports, In Physical Terms, By Country, 2018
Figure 35:
Exports, In Physical Terms, By Country, 2007–2018
Figure 36:
Exports, In Value Terms, By Country, 2007–2018
Figure 37:
Export Prices, 2007–2018
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