Argentina: Candied Fruit Market Overview 2021

Candied Fruit Market Size in Argentina

In 2019, the Argentinian candied fruit market decreased by -X% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, posted a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2018 to 2019, the growth of the market remained at a lower figure.

Candied Fruit Production in Argentina

In value terms, candied fruit production skyrocketed to $X in 2019 estimated in export prices. In general, production, however, showed a precipitous setback. Over the period under review, production attained the peak level at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

The average yield of candied fruits in Argentina stood at X kg per ha in 2019, almost unchanged from 2018 figures. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The candied fruit harvested area in Argentina was estimated at X ha in 2019, stabilizing at the previous year. Over the period under review, the harvested area saw a relatively flat trend pattern.

Candied Fruit Exports

Exports from Argentina

In 2019, approx. X tonnes of candied fruits were exported from Argentina; picking up by X% compared with 2018. Over the period under review, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, candied fruit exports rose notably to $X in 2019. In general, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2011; however, from 2012 to 2019, exports failed to regain the momentum.

Exports by Country

Chile (X tonnes) was the main destination for candied fruit exports from Argentina, with a X% share of total exports. Moreover, candied fruit exports to Chile exceeded the volume sent to the second major destination, Panama (X tonnes), threefold. Uruguay (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Chile amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-X% per year) and Uruguay (-X% per year).

In value terms, Chile ($X) remains the key foreign market for candied fruit exports from Argentina, comprising X% of total exports. The second position in the ranking was occupied by Panama ($X), with a X% share of total exports. It was followed by Uruguay, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Chile stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-X% per year) and Uruguay (-X% per year).

Export Prices by Country

In 2019, the average candied fruit export price amounted to $X per tonne, standing approx. at the previous year. Overall, export price indicated a temperate increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2012; however, from 2013 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Italy ($X per tonne), while the average price for exports to Panama ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay, while the prices for the other major destinations experienced more modest paces of growth.

Candied Fruit Imports

Imports into Argentina

In 2019, purchases abroad of candied fruits decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, showed a measured increase. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. As a result, imports attained the peak of X tonnes. From 2018 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, candied fruit imports reduced dramatically to $X in 2019. In general, imports, however, showed prominent growth. The growth pace was the most rapid in 2017 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2018 to 2019, the growth imports remained at a lower figure.

Imports by Country

Brazil (X tonnes), Thailand (X tonnes) and the Philippines (X tonnes) were the main suppliers of candied fruit imports to Argentina, together comprising X% of total imports.

From 2007 to 2019, the biggest increases were in the Philippines, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of candied fruit to Argentina, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Thailand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-X% per year) and the Philippines (+X% per year).

Import Prices by Country

In 2019, the average candied fruit import price amounted to $X per tonne, with a decrease of -X% against the previous year. In general, the import price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. The import price peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was China ($X per tonne), while the price for Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for candied fruits in the world?

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China (83K tonnes) remains the largest candied fruit consuming country worldwide, comprising approx. 45% of total volume. Moreover, candied fruit consumption in China exceeded the figures recorded by the second-largest consumer, Japan (7.6K tonnes), more than tenfold. Malaysia (5.7K tonnes) ranked third in terms of total consumption with a 3.1% share.

What are the largest producers of candied fruits in the world?

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China (192K tonnes) constituted the country with the largest volume of candied fruit production, accounting for 61% of total volume. Moreover, candied fruit production in China exceeded the figures recorded by the second-largest producer, Thailand (63K tonnes), threefold.

What are the leading suppliers of candied fruits to Argentina?

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In value terms, Thailand ($1.6M) constituted the largest supplier of candied fruit to Argentina, comprising 56% of total imports. The second position in the ranking was occupied by Brazil ($701K), with a 24% share of total imports. It was followed by the Philippines, with a 8.1% share.

What are the leading importers of candied fruits from Argentina?

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In value terms, Chile ($91K) remains the key foreign market for candied fruit exports from Argentina, comprising 41% of total exports. The second position in the ranking was occupied by Panama ($31K), with a 14% share of total exports. It was followed by Uruguay, with a 13% share.

What is the average export price for candied fruits in Argentina?

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The average candied fruit export price stood at $1,668 per tonne in 2019, almost unchanged from the previous year.

What is the average import price for candied fruits in Argentina?

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The average candied fruit import price stood at $2,032 per tonne in 2019, reducing by -9.7% against the previous year.