Latin America and the Caribbean: Grape Market 2024

Grape Market Size in Latin America and the Caribbean

The Latin American grape market reduced slightly to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Grape Production in Latin America and the Caribbean

In value terms, grape production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Chile (X tons), Argentina (X tons) and Brazil (X tons), together comprising X% of total production. Peru and Mexico 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 Peru (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

In 2022, the average yield of grapes in Latin America and the Caribbean fell modestly to X tons per ha, waning by X% on the previous year's figure. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. Over the period under review, the grape yield hit record highs at X tons per ha in 2013; however, from 2014 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, the total area harvested in terms of grapes production in Latin America and the Caribbean reduced slightly to X ha, approximately equating the year before. Overall, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the harvested area dedicated to grape production reached the peak figure at X ha in 2015; however, from 2016 to 2022, the harvested area remained at a lower figure.

Grape Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of grapes was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, grape exports rose significantly 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 remained relatively stable, with somewhat noticeable 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

Chile (X tons) and Peru (X tons) prevails in exports structure, together making up X% of total exports. Brazil (X tons) and Mexico (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Peru (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest grape supplying countries in Latin America and the Caribbean were Peru ($X), Chile ($X) and Brazil ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Peru, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then dropped slightly in the following year.

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 Peru ($X per ton), while Mexico ($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 a decline in the export price figures.

Grape Imports

Imports in Latin America and the Caribbean

In 2022, the amount of grapes imported in Latin America and the Caribbean surged to X tons, increasing by X% on 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, grape imports surged 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 relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico was the main importing country with an import of about X tons, which recorded X% of total imports. Colombia (X tons) ranks second in terms of the total imports with a X% share, followed by Guatemala (X%) and Ecuador (X%). The Dominican Republic (X tons), Panama (X tons), Brazil (X tons), El Salvador (X tons), Costa Rica (X tons), Argentina (X tons) and Honduras (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Argentina (X%), the Dominican Republic (X%), Panama (X%), Guatemala (X%) and El Salvador (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Honduras and Costa Rica experienced a relatively flat trend pattern. By contrast, Colombia (X%), Ecuador (X%) and Brazil (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), Panama (X p.p.), Argentina (X p.p.) and Guatemala (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Colombia (X p.p.), Ecuador (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported grapes in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Guatemala, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Guatemala (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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