Latin America and the Caribbean: Vinegar-Preserved Vegetable Market 2024

Vinegar-Preserved Vegetable Market Size in Latin America and the Caribbean

After two years of growth, the Latin American vinegar-preserved vegetable market decreased by X% to $X in 2022. Over the period under review, consumption, however, enjoyed a measured increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Vinegar-Preserved Vegetable Production in Latin America and the Caribbean

In value terms, vinegar-preserved vegetable production totaled $X in 2022 estimated in export price. The total production indicated temperate 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, production decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Vinegar-Preserved Vegetable Exports

Exports in Latin America and the Caribbean

Vinegar-preserved vegetable exports surged to X tons in 2022, increasing by X% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, vinegar-preserved vegetable exports soared to $X in 2022. Total exports indicated a moderate 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. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Mexico (X tons) was the major exporter of vegetables in vinegar other than potatoes, constituting X% of total exports. It was distantly followed by Peru (X tons), mixing up a X% share of total exports. Honduras (X tons) and Guatemala (X tons) followed a long way behind the leaders.

Exports from Mexico decreased at an average annual rate of X% from 2012 to 2022. At the same time, Peru (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Honduras experienced a relatively flat trend pattern. By contrast, Guatemala (X%) illustrated a downward trend over the same period. While the share of Peru (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vinegar-preserved vegetable supplying countries in Latin America and the Caribbean were Mexico ($X), Peru ($X) and Honduras ($X), with a combined X% share of total exports.

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

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price 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, vinegar-preserved vegetable export price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices 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 more modest paces of growth.

Vinegar-Preserved Vegetable Imports

Imports in Latin America and the Caribbean

Vinegar-preserved vegetable imports was estimated at X tons in 2022, growing by X% compared with 2021. Total imports indicated strong 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 2013 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, vinegar-preserved vegetable imports totaled $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 pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

In 2022, Mexico (X tons), distantly followed by Chile (X tons), Brazil (X tons), El Salvador (X tons), Colombia (X tons), Honduras (X tons), Costa Rica (X tons) and the Dominican Republic (X tons) were the key importers of vegetables in vinegar other than potatoes, together achieving X% of total imports. The following importers - Panama (X tons), Cuba (X tons), Guatemala (X tons) and Argentina (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Panama (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vinegar-preserved vegetable importing markets in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Brazil ($X), with a combined X% share of total imports. The Dominican Republic, El Salvador, Panama, Costa Rica, Honduras, Colombia, Cuba, Guatemala and Argentina lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Panama, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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