Latin America and the Caribbean: Dried Vegetables Market 2024

Dried Vegetables Market Size in Latin America and the Caribbean

The Latin American dried vegetables market was estimated at $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Dried Vegetables Production in Latin America and the Caribbean

In value terms, dried vegetables production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; afterwards, it flattened through to 2022.

Dried Vegetables Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of dried vegetables and mixtures of vegetables decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, dried vegetables exports shrank to $X in 2022. In general, exports, however, showed modest growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru represented the main exporting country with an export of about X tons, which finished at X% of total exports. Chile (X tons) ranks second in terms of the total exports with a X% share, followed by Mexico (X%). The following exporters - the Dominican Republic (X tons), Honduras (X tons), Guatemala (X tons) and Bolivia (X tons) - together made up X% of total exports.

Exports from Peru increased at an average annual rate of X% from 2012 to 2022. At the same time, Honduras (X%), Chile (X%) and Guatemala (X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Bolivia (X%), the Dominican Republic (X%) and Mexico (X%) illustrated a downward trend over the same period. Peru (X p.p.), Chile (X p.p.) and Honduras (X p.p.) significantly strengthened its position in terms of the total exports, while Bolivia, the Dominican Republic and Mexico saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X), Peru ($X) and Mexico ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Guatemala, the Dominican Republic, Honduras and Bolivia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Honduras, with a CAGR of X%, saw 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

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced contraction. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

Dried Vegetables Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of dried vegetables and mixtures of vegetables decreased by X% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of X% 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. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, dried vegetables imports rose notably to $X in 2022. Total imports indicated a notable 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 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) was the main importer of dried vegetables and mixtures of vegetables, achieving X% of total imports. Mexico (X tons) took the second position in the ranking, followed by Chile (X tons), Ecuador (X tons), Argentina (X tons) and Guatemala (X tons). All these countries together took approx. X% share of total imports. Colombia (X tons), the Dominican Republic (X tons), Haiti (X tons), Costa Rica (X tons), Uruguay (X tons) and Panama (X tons) took a little share of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Panama (X%), Ecuador (X%), Colombia (X%), Costa Rica (X%), Haiti (X%), Guatemala (X%), Mexico (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Chile, Uruguay and the Dominican Republic experienced a relatively flat trend pattern. Ecuador (X p.p.), Colombia (X p.p.) and Panama (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil and Chile saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Mexico ($X) and Chile ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Guatemala, Argentina, Colombia, the Dominican Republic, Ecuador, Costa Rica, Panama, Haiti and Uruguay lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Panama, with a CAGR of X%, recorded the highest growth rate of 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, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 Mexico ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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