Latin America and the Caribbean: Citrus Fruit Market 2024

Citrus Fruit Market Size in Latin America and the Caribbean

The Latin American citrus fruit market expanded slightly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the market value increased by X%. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Citrus Fruit Production in Latin America and the Caribbean

In value terms, citrus fruit production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Brazil (X tons) constituted the country with the largest volume of citrus fruit production, accounting for X% of total volume. Moreover, citrus fruit production in Brazil exceeded the figures recorded by the second-largest producer, Mexico (X tons), twofold. Argentina (X tons) ranked third in terms of total production with a X% share.

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

In 2022, the average yield of citrus fruits in Latin America and the Caribbean amounted to X tons per ha, remaining stable against 2021 figures. Overall, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the yield increased by X% against the previous year. Over the period under review, the citrus fruit yield reached the peak level at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of citrus fruits were harvested in Latin America and the Caribbean; remaining constant against 2021 figures. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the harvested area reached the peak level of X ha, and then dropped modestly in the following year.

Citrus Fruit Exports

Exports in Latin America and the Caribbean

In 2022, after six years of growth, there was significant decline in shipments abroad of citrus fruits, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, citrus fruit exports contracted to $X in 2022. Total exports indicated a buoyant increase 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

Mexico was the major exporter of citrus fruits in Latin America and the Caribbean, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Argentina (X tons), Chile (X tons), Peru (X tons) and Brazil (X tons), together committing a X% share of total exports. The following exporters - Nicaragua (X tons) and Uruguay (X tons) - each recorded a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to citrus fruit exports from Mexico stood at X%. At the same time, Nicaragua (X%), Peru (X%), Chile (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Nicaragua emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) and Uruguay (X%) illustrated a downward trend over the same period. Peru (X p.p.), Nicaragua (X p.p.), Chile (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Uruguay, Mexico and Argentina saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Mexico ($X) remains the largest citrus fruit supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

In Mexico, citrus fruit exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (X% per year) and Chile (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against 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 2013 when the export price increased by 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.

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 ($X per ton), while Nicaragua ($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.

Citrus Fruit Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of citrus fruits decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, citrus fruit imports amounted to $X in 2022. In general, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Guatemala (X tons), Brazil (X tons), Mexico (X tons), El Salvador (X tons) and Paraguay (X tons) represented roughly X% of total imports in 2022. Chile (X tons) ranks next in terms of the total imports with a X% share, followed by Costa Rica (X%). Colombia (X tons), Panama (X tons), the Dominican Republic (X tons), Ecuador (X tons), Argentina (X tons) and Bahamas (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading 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, Brazil ($X), Mexico ($X) and Chile ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Costa Rica, the Dominican Republic, Bahamas, Panama, Guatemala, Ecuador, Colombia, El Salvador, Argentina and Paraguay lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Panama, with a CAGR of X%, saw 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Import price indicated a resilient 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, citrus fruit import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat lower figure.

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

Source: IndexBox Platform

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