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 $X in 2017, surging by X% 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 +X% 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 +X% against 2015 indices. The most prominent rate of growth was recorded in 2013, when it surged by X% 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 X tonnes, surging by X% against the previous year. The total output indicated a prominent expansion from 2007 to 2017: its volume increased at an average annual rate of +X% 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 X ha, jumping by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2017.' In 2017, average yield of cauliflower and broccoli in Latin America and the Caribbean amounted to X tonne per ha, surging by X% 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 (X tonnes) constituted the country with the largest volume of cauliflower and broccoli production, comprising approx. X% of total production. Moreover, cauliflower and broccoli production in Mexico exceeded the figures recorded by the world's second largest producer, Ecuador (X tonnes), sixfold. Guatemala (X tonnes) ranked third in terms of total production with a X% share.

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

Cauliflower And Broccoli Exports

Exports in Latin America and the Caribbean

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

Exports by Country

Mexico represented the main exporting countries with an export of around X tonnes, which recorded X% of total exports. It was distantly followed by Guatemala (X tonnes), achieving X% share of total exports. Ecuador (X 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 +X% from 2007 to 2017. Guatemala (-X%) and Ecuador (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Ecuador and Guatemala increased by X% and X% percentage points, while Mexico (-X%) saw their share reduced.

Export Prices by Country

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

Export prices varied noticeably by the country of destination; the country with the highest export price was Ecuador ($X per kg), while Guatemala ($X 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 (+X% 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 X tonnes in 2017, rising by X% against the previous year. The cauliflower and broccoli imports continue to indicate a mild decline.' In value terms, cauliflower and broccoli imports amounted to $X (IndexBox estimates) in 2017.'

Imports by Country

Mexico dominates cauliflower and broccoli imports structure, resulting at X tonnes, which was approx. X% of total imports in 2017. Honduras (X tonnes) ranks second in terms of the global imports with a X% share, followed by El Salvador (X%) and Barbados (X%). The following importers - Bermuda (X tonnes), Trinidad and Tobago (X tonnes), Nicaragua (X tonnes), Antigua and Barbuda (X tonnes) and Bahamas (X tonnes) together made up X% of total imports.

From 2007 to 2017, average annual rates of growth with regard to cauliflower and broccoli imports into Mexico stood at -X%. At the same time, Honduras (+X%), Bermuda (+X%), Barbados (+X%), Antigua and Barbuda (+X%) and Nicaragua (+X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Trinidad and Tobago experienced a relatively flat trend pattern. By contrast, El Salvador (-X%) and Bahamas (-X%) illustrated a downward trend over the same period. Mexico (X%) and El Salvador (X%) significantly strengthened its position in terms of the global imports, while Barbados, Bermuda and Honduras saw its share reduced by -X%, -X% and -X% 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 $X per tonne in 2017, falling by -X% against the previous year. Over the last decade, it increased at an average annual rate of +X%.

Import prices varied noticeably by the country of destination; the country with the highest import price was Antigua and Barbuda ($X per kg), while Honduras ($X 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 (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform