Latin America and the Caribbean: Berry Market 2024

Berry Market Size in Latin America and the Caribbean

In 2022, the Latin American berry market decreased by X% to $X, falling for the third consecutive year after eight years of growth. The total consumption indicated pronounced growth from 2012 to 2022: 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 2022 figures, consumption decreased by X% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Berry Production in Latin America and the Caribbean

In value terms, berry production stood at $X in 2022 estimated in export price. Over the period under review, production recorded strong growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Mexico (X tons), Chile (X tons) and Peru (X tons), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average berry yield stood at X tons per ha in 2022, surging by X% compared with the previous year. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the yield increased by X% against the previous year. The level of yield peaked in 2022 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The berry harvested area was estimated at X ha in 2022, flattening at the previous year's figure. The total harvested area indicated a remarkable increase from 2012 to 2022: its figure 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 2022 figures, berry harvested area decreased by X% against 2020 indices. The growth pace was the most rapid in 2019 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to berry production reached the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

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Berry Exports

Exports in Latin America and the Caribbean

In 2022, exports of berries in Latin America and the Caribbean surged to X tons, increasing by X% on 2021 figures. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, berry exports expanded remarkably to $X in 2022. Over the period under review, exports recorded a strong increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The biggest shipments were from Chile (X tons), Mexico (X tons) and Peru (X tons), together finishing at X% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Peru (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Mexico ($X) and Peru ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Peru, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced mixed trends in the export price figures.

Berry Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of berries increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated prominent growth from 2012 to 2022: 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 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, berry imports skyrocketed to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: 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 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Mexico was the largest importer of berries in Latin America and the Caribbean, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by Brazil (X tons), Ecuador (X tons) and El Salvador (X tons), together committing a X% share of total imports. Bahamas (X tons), Argentina (X tons) and Trinidad and Tobago (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Argentina (X%), Bahamas (X%), Ecuador (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Trinidad and Tobago experienced a relatively flat trend pattern. By contrast, El Salvador (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, Bahamas and Argentina increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported berries in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Bahamas, with a X% share.

In Mexico, berry imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Bahamas (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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