Honduras: Lettuce And Chicory Market 2020

Lettuce And Chicory Market Size in Honduras

The revenue of the lettuce and chicory market in Honduras amounted to $X in 2018, declining 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). Over the period under review, lettuce and chicory consumption continues to indicate an abrupt drop. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Honduras lettuce and chicory consumption peaked at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Lettuce And Chicory Exports

Exports from Honduras

In 2018, the amount of lettuce and chicory exported from Honduras stood at X tons, going up by X% against the previous year. In general, lettuce and chicory exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% y-o-y. Over the period under review, lettuce and chicory exports attained their peak figure in 2018 and are expected to retain its growth in the near future.

In value terms, lettuce and chicory exports totaled $X in 2018. Over the period under review, lettuce and chicory exports continue to indicate extraordinary growth. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, lettuce and chicory exports attained their peak figure in 2018 and are likely to see steady growth in the near future.

Exports by Country

In 2018, Spain (X tons) represented the major exporter of lettuce and chicory, creating X% of total exports. The U.S. (X tons) occupied the second position in the ranking, followed by Mexico (X tons), the Netherlands (X tons), Italy (X tons) and China (X tons). All these countries together took near X% share of total exports. Belgium (X tons) and France (X tons) took a little share of total exports.

From 2007 to 2018, average annual rates of growth with regard to lettuce and chicory exports from Spain stood at +X%. At the same time, Mexico (+X%), China (+X%), the Netherlands (+X%) and Italy (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, the U.S. (-X%), Belgium (-X%) and France (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Spain, Mexico, China and the Netherlands increased by +X%, +X%, +X% and +X% percentage points, while the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lettuce and chicory markets from Honduras were Spain ($X), the U.S. ($X) and the Netherlands ($X), with a combined X% share of total exports. Mexico, Italy, Belgium, China, France and Honduras lagged somewhat behind, together comprising a further X terms of the main exporting countries, Honduras recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The lettuce and chicory export price in Honduras stood at $X per ton in 2018, going up by X% against the previous year. Over the period under review, the lettuce and chicory export price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2011 when the export price increased by X% year-to-year. Over the period under review, the export prices for lettuce and chicory attained their maximum at $X per ton in 2015; however, from 2016 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Lettuce And Chicory Imports

Imports into Honduras

In 2018, the imports of lettuce and chicory into Honduras amounted to X tons, flattening at the previous year. Overall, lettuce and chicory imports continue to indicate an abrupt decrease. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Honduras imports peaked at X tons in 2008; however, from 2009 to 2018, imports remained at a lower figure.

In value terms, lettuce and chicory imports stood at $X in 2018. In general, lettuce and chicory imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Honduras imports peaked at $X in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of lettuce and chicory imports in 2018 were Canada (X tons), Germany (X tons), the U.S. (X tons) and the UK (X tons), together recording X% of total import. France (X tons) ranks next in terms of the total imports with a X% share, followed by Italy (X%) and the Netherlands (X%). The following importers - Poland (X tons), Belgium (X tons), China, Hong Kong SAR (X tons), Sweden (X tons) and Russia (X tons) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

In value terms, the largest lettuce and chicory importing markets into Honduras were Germany ($X), Canada ($X) and the U.S. ($X), together comprising X% of total imports. These countries were followed by the UK, France, the Netherlands, Italy, Belgium, Poland, Sweden, China, Hong Kong SAR, Russia and Honduras, which together accounted for a further X experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the lettuce and chicory import price in Honduras amounted to $X per ton, waning by -X% against the previous year. In general, the lettuce and chicory import price, however, continues to indicate prominent growth. The pace of growth appeared the most rapid in 2009 an increase of X% year-to-year. Honduras import price peaked at $X per ton in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while China, Hong Kong SAR ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform