Latin America and the Caribbean: Frozen Orange Juice Market 2020

Frozen Orange Juice Market Size in Latin America and the Caribbean

The revenue of the frozen orange juice market in Latin America and the Caribbean amounted to $X in 2018, going down by -X% against the previous year. In general, frozen orange juice consumption continues to indicate a deep curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. The level of frozen orange juice consumption peaked at $X in 2007; however, from 2008 to 2018, consumption stood at a somewhat lower figure.

Frozen Orange Juice Production in Latin America and the Caribbean

In value terms, frozen orange juice production totaled $X in 2018 estimated in export prices. Over the period under review, frozen orange juice production continues to indicate a perceptible drop. The most prominent rate of growth was recorded in 2011 when production volume increased by X% y-o-y. The level of frozen orange juice production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Production By Country in Latin America and the Caribbean

The country with the largest volume of frozen orange juice production was Brazil (X tons), accounting for X% of total production. Moreover, frozen orange juice production in Brazil exceeded the figures recorded by the region's second-largest producer, Mexico (X tons), twofold. Belize (X tons) ranked third in terms of total production with a X% share.

In Brazil, frozen orange juice production plunged by an average annual rate of -X% over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: Mexico (+X% per year) and Belize (+X% per year).

Frozen Orange Juice Exports

Exports in Latin America and the Caribbean

In 2018, approx. X tons of frozen unconcentrated orange juice were exported in Latin America and the Caribbean; approximately reflecting the previous year. Over the period under review, frozen orange juice exports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. The volume of exports peaked at X tons in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, frozen orange juice exports amounted to $X in 2018. Overall, frozen orange juice exports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, frozen orange juice exports attained their peak figure at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Brazil was the main exporter of frozen unconcentrated orange juice in Latin America and the Caribbean, with the volume of exports recording X tons, which was approx. X% of total exports in 2018. It was distantly followed by Mexico (X tons), creating a X% share of total exports. Belize (X tons) and Costa Rica (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to frozen orange juice exports from Brazil stood at -X%. At the same time, Costa Rica (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2018. Belize experienced a relatively flat trend pattern. Mexico (+X p.p.) and Costa Rica (+X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Mexico ($X) and Belize ($X) constituted the countries with the highest levels of exports in 2018, together accounting for X% of total exports. These countries were followed by Costa Rica, which accounted for a further X the main exporting countries, Costa Rica recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The frozen orange juice export price in Latin America and the Caribbean stood at $X per ton in 2018, going up by X% against the previous year. The export price indicated a temperate increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, frozen orange juice export price increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The level of export price peaked in 2018 and is likely to continue its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($X per ton), while Belize ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Costa Rica, while the other leaders experienced more modest paces of growth.

Frozen Orange Juice Imports

Imports in Latin America and the Caribbean

In 2018, the imports of frozen unconcentrated orange juice in Latin America and the Caribbean stood at X tons, reducing by -X% against the previous year. The total imports indicated measured growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, frozen orange juice imports decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. The volume of imports peaked at X tons in 2016; however, from 2017 to 2018, imports failed to regain their momentum.

In value terms, frozen orange juice imports totaled $X in 2018. The total imports indicated a measured increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, frozen orange juice imports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, frozen orange juice imports reached their maximum at $X in 2017, and then declined slightly in the following year.

Imports by Country

Jamaica (X tons), Chile (X tons), the Dominican Republic (X tons), Trinidad and Tobago (X tons) and Argentina (X tons) represented roughly X% of total imports of frozen unconcentrated orange juice in 2018. It was distantly followed by Colombia (X tons), creating a X% share of total imports. Venezuela (X tons), Ecuador (X tons), Mexico (X tons), Uruguay (X tons), Guyana (X tons) and Guatemala (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Uruguay, while the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X), Chile ($X) and Jamaica ($X) were the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by Argentina, Venezuela, Trinidad and Tobago, Colombia, Ecuador, Uruguay, Guatemala, Mexico and Guyana, which together accounted for a further X terms of the main importing countries, Uruguay experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the frozen orange juice import price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Overall, the frozen orange juice import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, the import prices for frozen unconcentrated orange juice attained their maximum at $X per ton in 2012; however, from 2013 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Venezuela ($X per ton), while Guyana ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Guatemala, while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform