Latin America and the Caribbean: Fruit Flour Market 2024

Fruit Flour Market Size in Latin America and the Caribbean

The Latin American fruit flour market shrank to $X in 2022, with a decrease of -15% against the previous year. The total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -27.0% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Fruit Flour Production in Latin America and the Caribbean

In value terms, fruit flour production rose notably to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +9.4% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 49%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Fruit Flour Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of fruit flour decreased by -23.1% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 39%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank remarkably in the following year.

In value terms, fruit flour exports dropped rapidly to $X in 2022. Overall, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 42% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

In 2022, Ecuador (X tons) represented the key exporter of fruit flour, generating 41% of total exports. Chile (X tons) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Peru (13%), Brazil (6.4%), Colombia (6.1%) and Costa Rica (5.6%). Mexico (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to fruit flour exports from Ecuador stood at +20.2%. At the same time, Costa Rica (+27.1%), Colombia (+19.9%), Mexico (+16.2%) and Peru (+14.5%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +27.1% from 2012-2022. Chile experienced a relatively flat trend pattern. By contrast, Brazil (-3.1%) illustrated a downward trend over the same period. While the share of Ecuador (+26 p.p.), Peru (+5.3 p.p.), Costa Rica (+4.4 p.p.), Colombia (+3.8 p.p.) and Mexico (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (-13.9 p.p.) and Chile (-23.6 p.p.) displayed negative dynamics.

In value terms, the largest fruit flour supplying countries in Latin America and the Caribbean were Chile ($X), Ecuador ($X) and Peru ($X), together comprising 73% of total exports. Brazil, Mexico, Colombia and Costa Rica lagged somewhat behind, together accounting for a further 25%.

In terms of the main exporting countries, Costa Rica, with a CAGR of +30.9%, saw the highest rates of growth with regard to 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

The export price in Latin America and the Caribbean stood at $X per ton in 2022, rising by 5.2% against the previous year. Export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fruit flour export price increased by +7.9% against 2019 indices. The pace of growth was the most pronounced in 2015 when the export price increased by 47%. Over the period under review, the export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+14.8%), while the other leaders experienced more modest paces of growth.

Fruit Flour Imports

Imports in Latin America and the Caribbean

In 2022, after three years of growth, there was significant decline in purchases abroad of fruit flour, when their volume decreased by -46.4% to X tons. In general, imports, however, showed noticeable growth. The pace of growth was the most pronounced in 2020 when imports increased by 49% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped notably in the following year.

In value terms, fruit flour imports contracted remarkably to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 59% against the previous year. The level of import peaked at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

In 2022, Mexico (X tons) and Brazil (X tons) were the main importers of fruit flour in Latin America and the Caribbean, together reaching approx. 56% of total imports. Argentina (X tons) ranks next in terms of the total imports with a 9.5% share, followed by Panama (7.6%). Chile (X tons), Colombia (X tons), Guatemala (X tons), Costa Rica (X tons) and Trinidad and Tobago (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Guatemala (with a CAGR of +69.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) were the countries with the highest levels of imports in 2022, with a combined 69% share of total imports. Colombia, Chile, Costa Rica, Panama, Guatemala and Trinidad and Tobago lagged somewhat behind, together accounting for a further 19%.

Among the main importing countries, Guatemala, with a CAGR of +56.1%, recorded 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, picking up by 2.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2015 when the import price increased by 15% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Costa Rica ($X per ton), while Panama ($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 (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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