Latin America and the Caribbean: Chestnut Market 2024

Chestnut Market Size in Latin America and the Caribbean

The Latin American chestnut market amounted to $X in 2022, approximately mirroring the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Chestnut Production in Latin America and the Caribbean

In value terms, chestnut production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Bolivia (X tons) constituted the country with the largest volume of chestnut production, accounting for X% of total volume. Moreover, chestnut production in Bolivia exceeded the figures recorded by the second-largest producer, Chile (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume in Bolivia was relatively modest. In the other countries, the average annual rates were as follows: Chile (X% per year) and the Dominican Republic (X% per year).

The average chestnut yield totaled X tons per ha in 2022, approximately mirroring the previous year's figure. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the yield reached the peak level of X tons per ha; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of chestnuts in Latin America and the Caribbean totaled X ha, approximately reflecting 2021 figures. Overall, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2016 to 2022, the growth of the chestnut harvested area remained at a somewhat lower figure.

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Chestnut Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of chestnuts increased by X% to X tons, rising for the fourth year in a row after three years of decline. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, chestnut exports reached $X in 2022. In general, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Chile (X tons) and the Dominican Republic (X tons) represented roughly X% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Chile (with a CAGR of X%).

In value terms, Chile ($X) remains the largest chestnut supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Chile stood at X%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, reducing by X% against the previous year. Export price indicated noticeable growth 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, chestnut export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the Dominican Republic stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%).

Chestnut Imports

Imports in Latin America and the Caribbean

In 2022, the amount of chestnuts imported in Latin America and the Caribbean contracted to X tons, reducing by X% compared with the previous year's figure. Over the period under review, imports faced a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, chestnut imports expanded modestly to $X in 2022. In general, imports recorded a deep slump. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Brazil prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Guyana (X tons), making up a X% share of total imports. Venezuela (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to chestnut imports into Brazil stood at X%. At the same time, Guyana (X%) and Venezuela (X%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Guyana (X p.p.) and Venezuela (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Brazil ($X) constitutes the largest market for imported chestnuts in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Guyana ($X), with a X% share of total imports.

In Brazil, chestnut imports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Guyana (X% per year) and Venezuela (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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