Latin America and the Caribbean: Candied Fruit Market 2024

Candied Fruit Market Size in Latin America and the Caribbean

In 2022, the Latin American candied fruit market decreased by X% to $X, falling for the second consecutive year after four years of growth. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Candied Fruit Production in Latin America and the Caribbean

In value terms, candied fruit production amounted to $X in 2022 estimated in export price. The total output value 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 observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production 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), together comprising X% of total production. Argentina, Venezuela, Peru, Chile, Cuba, Ecuador and the Dominican Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Cuba (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

Candied Fruit Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of candied fruits increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, candied fruit exports surged to $X in 2022. In general, exports posted resilient growth. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Mexico represented the key exporting country with an export of about X tons, which amounted to X% of total exports. Brazil (X tons) ranks second in terms of the total exports with a X% share, followed by Peru (X%). Costa Rica (X tons) followed a long way behind the leaders.

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

In value terms, Mexico ($X) remains the largest candied fruit supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

In Mexico, candied fruit exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

Candied Fruit Imports

Imports in Latin America and the Caribbean

After two years of growth, purchases abroad of candied fruits decreased by X% to X tons in 2022. Total imports indicated a strong expansion from 2012 to 2022: its volume 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 pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, candied fruit imports fell to $X in 2022. Total imports indicated a prominent 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 growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Argentina (X tons) and Chile (X tons) represented the largest importers of candied fruits in Latin America and the Caribbean, together comprising X% of total imports. It was distantly followed by El Salvador (X tons), Panama (X tons), Uruguay (X tons), Mexico (X tons) and Brazil (X tons), together mixing up a X% share of total imports. Guatemala (X tons), Ecuador (X tons), Aruba (X tons) and Nicaragua (X tons) held a relatively small share of total imports.

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

In value terms, the largest candied fruit importing markets in Latin America and the Caribbean were Argentina ($X), Chile ($X) and Mexico ($X), together accounting for X% of total imports. El Salvador, Panama, Brazil, Uruguay, Guatemala, Nicaragua, Ecuador and Aruba 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

The import price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 ($X per ton), while Uruguay ($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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