Latin America and the Caribbean: Cream Fresh Market 2024

Cream Fresh Market Size in Latin America and the Caribbean

In 2022, the Latin American cream fresh market increased by X% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Cream Fresh Production in Latin America and the Caribbean

In value terms, cream fresh production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Brazil (X tons), Guatemala (X tons) and Argentina (X tons), together accounting for X% of total production. Venezuela, Ecuador, Peru, Chile, Colombia, Mexico, Nicaragua, Barbados, Uruguay and Trinidad and Tobago lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Trinidad and Tobago (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

Cream Fresh Exports

Exports in Latin America and the Caribbean

In 2022, cream fresh exports in Latin America and the Caribbean fell to X tons, shrinking by X% on the previous year. Overall, exports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cream fresh exports reached $X in 2022. Over the period under review, exports saw a noticeable slump. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil was the largest exporter of cream fresh in Latin America and the Caribbean, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. Mexico (X tons) held the second position in the ranking, followed by Peru (X tons) and Nicaragua (X tons). All these countries together took near X% share of total exports. The following exporters - Colombia (X tons), Barbados (X tons) and Costa Rica (X tons) - each amounted to a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cream fresh exports from Brazil stood at X%. At the same time, Nicaragua (X%) and Barbados (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. Peru experienced a relatively flat trend pattern. By contrast, Costa Rica (X%), Mexico (X%) and Colombia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil, Nicaragua, Mexico, Peru and Costa Rica increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Brazil, cream fresh exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Peru (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, 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 2017 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Nicaragua ($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.

Cream Fresh Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of cream fresh were imported in Latin America and the Caribbean; standing approx. at 2021 figures. Over the period under review, imports, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, cream fresh imports expanded notably to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of cream fresh, namely Guatemala, the Dominican Republic and Bahamas, represented more than third of total import. Venezuela (X tons) held the next position in the ranking, followed by Aruba (X tons). All these countries together took near X% share of total imports. Paraguay (X tons), Antigua and Barbuda (X tons), Argentina (X tons), Panama (X tons), Curacao (X tons), Jamaica (X tons), Trinidad and Tobago (X tons) and Bolivia (X tons) held a little share of total imports.

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

In value terms, the Dominican Republic ($X), Guatemala ($X) and Venezuela ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Bahamas, Aruba, Panama, Jamaica, Antigua and Barbuda, Paraguay, Trinidad and Tobago, Bolivia, Argentina and Curacao lagged somewhat behind, together accounting for a further X%.

Argentina, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries 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, picking up 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 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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