Latin America and the Caribbean: Fruit Market 2024

Fruit Market Size in Latin America and the Caribbean

After three years of decline, the Latin American fruit market increased by X% to $X in 2022. 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 being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the market value increased by X%. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Fruit Production in Latin America and the Caribbean

In value terms, fruit production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were Brazil (X tons), Mexico (X tons) and Colombia (X tons), with a combined X% share of total production. Ecuador, Peru, Argentina, Costa Rica, Guatemala and Chile lagged somewhat behind, together accounting for a further X%.

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

In 2022, the average fruit yield in Latin America and the Caribbean shrank modestly to X tons per ha, stabilizing at 2021 figures. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. The level of yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of fruits were harvested in Latin America and the Caribbean; therefore, remained relatively stable against 2021. Overall, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2016; afterwards, it flattened through to 2022.

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Fruit Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of fruits decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of export peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, fruit exports shrank to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

In 2022, Ecuador (X tons), distantly followed by Costa Rica (X tons), Mexico (X tons), Guatemala (X tons), Colombia (X tons), Chile (X tons) and Peru (X tons) were the major exporters of fruits, together constituting X% of total exports. Brazil (X tons) followed a long way behind the leaders.

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

In value terms, Mexico ($X), Ecuador ($X) and Peru ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Peru, with a CAGR of X%, 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

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, declining 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 2014 an increase of X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 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 Peru ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

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

Fruit Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of fruits increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2018; afterwards, it flattened through to 2022.

In value terms, fruit imports rose sharply to $X in 2022. The total import 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 being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the five major importers of fruits, namely Argentina, Mexico, Brazil, Chile and El Salvador, represented more than two-thirds of total import. It was distantly followed by Colombia (X tons), making up a X% share of total imports. Guatemala (X tons), Honduras (X tons), Ecuador (X tons), Peru (X tons), Paraguay (X tons), Costa Rica (X tons) and Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of X%), while purchases 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 X% share of total imports. Chile, Colombia, Ecuador, El Salvador, Guatemala, Costa Rica, Honduras, Peru, Uruguay and Paraguay lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Chile, 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, with an increase of X% against the previous year. Over the last decade, 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 Mexico ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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