Papaya Market in Latin America and the Caribbean - Key Insights

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

The revenue of the papaya market in Latin America and the Caribbean amounted to $X in 2017, coming down 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 papaya consumption continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2014, when the market value increased by X% y-o-y. In that year, the papaya market reached its peak level of $X. From 2015 to 2017, the growth of the papaya market failed to regain its momentum.

Production in Latin America and the Caribbean

In 2017, the amount of papayas produced in Latin America and the Caribbean totaled X tons, reducing by -X% against the previous year. The papaya production continues to indicate a relatively flat trend pattern.

Papaya Exports

Exports in Latin America and the Caribbean

In 2017, the amount of papayas exported in Latin America and the Caribbean stood at X tons, leveling off at the previous year. The total exports indicated a remarkable expansion from 2007 to 2017: its volume 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 papaya exports increased by +X% against 2012 indices. The growth pace was the most rapid in 2009, when it surged by X% y-o-y. The volume of exports peaked at X tons in 2016, leveling off in the following year.

In value terms, papaya exports totaled $X (IndexBox estimates) in 2017. The total exports indicated a strong 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 papaya exports increased by +X% against 2011 indices. The level of exports peaked at $X in 2016, and then declined slightly in the following year.

Exports by Country

In 2017, Mexico (X tons) represented the main exporter for papayas, mixed up X% of total exports. Guatemala (X tons) ranks second in terms of the global exports with a X% share, followed by Brazil (X%).

From 2007 to 2017, average annual rates of growth with regard to papaya exports from Mexico stood at +X%. At the same time, Guatemala (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. From 2007 to 2017, the share of Brazil, Guatemala and Mexico decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), Brazil ($X) and Guatemala ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

Export Prices by Country

The papaya export price in Latin America and the Caribbean stood at $X per ton in 2017, flattening at the previous year. The the papaya export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012, an increase of X% y-o-y. The level of export price peaked at $X per ton in 2014; however, from 2015 to 2017, export prices stood at a somewhat lower figure.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Brazil ($X per kg), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Guatemala (+X% per year), while the other leaders experienced a decline in the export price figures.

Papaya ImportsImports in Latin America and the Caribbean

In 2017, the amount of papayas imported in Latin America and the Caribbean totaled X tons, jumping by X% against the previous year. The total imports indicated a remarkable growth from 2007 to 2017: its volume 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 papaya imports increased by +X% against 2015 indices.

In value terms, papaya imports totaled $X (IndexBox estimates) in 2017. The total imports indicated a strong 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 papaya imports increased by +X% against 2014 indices. The level of imports peaked in 2017, and are likely to continue its growth in the near future.

Imports by Country

El Salvador was the key importer of papayas in Latin America and the Caribbean, with the volume of imports amounting to X tons, which was near X% of total imports in 2017. Aruba (X tons) ranks second in terms of the global imports with a X% share, followed by Argentina (X%) and Uruguay (X%). The following importers - Honduras (X tons), Paraguay (X tons), Nicaragua (X tons), Barbados (X tons) and Haiti (X tons) together made up X% of total imports.

From 2007 to 2017, average annual rates of growth with regard to papaya imports into El Salvador stood at +X%. At the same time, Aruba (+X%), Honduras (+X%), Nicaragua (+X%), Paraguay (+X%), Uruguay (+X%), Argentina (+X%) and Haiti (+X%) displayed positive paces of growth. Moreover, Aruba emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. Barbados experienced a relatively flat trend pattern. From 2007 to 2017, the share of Nicaragua, Paraguay, Uruguay, Honduras, Argentina, Aruba and El Salvador decreased by -X%, -X%, -X%, -X%, -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, El Salvador ($X) constitutes the largest market for imported papayas in Latin America and the Caribbean, comprising X% of global imports. The second position in the ranking was occupied by Argentina ($X), with a X% share of global imports. It was followed by Aruba, with a X% share.

Import Prices by Country

The papaya import price in Latin America and the Caribbean stood at $X per kg in 2017, growing by X% against the previous year. The the papaya import price continues to indicate a mild deduction.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Barbados ($X per kg), while Aruba ($X per ton) 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 Market Intelligence Platform