Latin America and the Caribbean: Market for Prepared Dishes and Meals 2024

Market Size for Prepared Dishes and Meals in Latin America and the Caribbean

The Latin American prepared dishes and meal market reduced slightly to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, saw a slight decline. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Prepared Dishes and Meals in Latin America and the Caribbean

In value terms, prepared dishes and meal production contracted modestly to $X in 2022 estimated in export price. In general, production, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Exports of Prepared Dishes and Meals

Exports in Latin America and the Caribbean

In 2022, overseas shipments of prepared dishes and meals increased by X% to X tons, rising for the sixth year in a row after four years of decline. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, prepared dishes and meal exports rose remarkably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons) and Mexico (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Costa Rica (X tons), Guatemala (X tons), Colombia (X tons), El Salvador (X tons), the Dominican Republic (X tons) and Chile (X tons), together mixing up a X% share of total exports.

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

In value terms, the largest prepared dishes and meal supplying countries in Latin America and the Caribbean were Costa Rica ($X), Brazil ($X) and Mexico ($X), together accounting for X% of total exports. Chile, Colombia, Guatemala, El Salvador and the Dominican Republic lagged somewhat behind, together comprising a further X%.

El Salvador, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 Costa Rica ($X per ton), while the Dominican Republic ($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.

Imports of Prepared Dishes and Meals

Imports in Latin America and the Caribbean

In 2022, approx. X tons of prepared dishes and meals were imported in Latin America and the Caribbean; leveling off at the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, prepared dishes and meal imports totaled $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Mexico (X tons), followed by Brazil (X tons), Peru (X tons), Guatemala (X tons), Chile (X tons), Colombia (X tons), Honduras (X tons) and Jamaica (X tons) were the key importers of prepared dishes and meals, together creating X% of total imports. Argentina (X tons), the Dominican Republic (X tons), Costa Rica (X tons), Venezuela (X tons) and El Salvador (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 key importing countries, was attained by Jamaica (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Guatemala ($X) and Colombia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Brazil, Peru, Chile, the Dominican Republic, Honduras, El Salvador, Jamaica, Costa Rica, Argentina and Venezuela lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Jamaica, 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

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%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Guatemala ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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