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Latin America and the Caribbean - Papayas - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Papaya Market Overview 2021

Papaya Market Size in Latin America and the Caribbean

After three years of growth, the Latin American papaya market decreased by -X% to $X in 2020. In general, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Papaya Production in Latin America and the Caribbean

In value terms, papaya production fell slightly to $X in 2020 estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

The countries with the highest volumes of papaya production in 2020 were the Dominican Republic (X tonnes), Brazil (X tonnes) and Mexico (X tonnes), together comprising X% of total production.

From 2007 to 2020, the most notable rate of growth in terms of papaya production, amongst the key producing countries, was attained by the Dominican Republic, while papaya production for the other leaders experienced more modest paces of growth.

In 2020, the average yield of papayas in Latin America and the Caribbean stood at X tonnes per ha, with an increase of X% compared with 2019 figures. In general, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the papaya yield attained the maximum level in 2020 and is likely to see steady growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The papaya harvested area stood at X ha in 2020, remaining stable against 2019 figures. In general, the harvested area, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. from 2017 to 2020, the growth of the papaya harvested area failed to regain the momentum.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of papaya production in 2020 were the Dominican Republic (X tonnes), Brazil (X tonnes) and Mexico (X tonnes), together accounting for X% of total production.

From 2007 to 2020, the most notable rate of growth in terms of papaya production, amongst the main producing countries, was attained by the Dominican Republic, while papaya production for the other leaders experienced more modest paces of growth.

Papaya Exports

Exports in Latin America and the Caribbean

Papaya exports contracted modestly to X tonnes in 2020, approximately equating the previous year's figure. Total exports indicated a moderate increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The growth pace was the most rapid in 2009 when exports increased by X% against the previous year. The volume of export peaked at X tonnes in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

In value terms, papaya exports reduced to $X in 2020. Total exports indicated temperate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2019, and then shrank slightly in the following year.

Exports by Country

Mexico represented the major exporting country with an export of about X tonnes, which accounted for X% of total exports. It was distantly followed by Guatemala (X tonnes) and Brazil (X tonnes), together making up a X% share of total exports.

Exports from Mexico increased at an average annual rate of +X% from 2007 to 2020. At the same time, Guatemala (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. While the share of Guatemala (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Mexico (-X p.p.) and Brazil (-X p.p.) displayed negative dynamics.

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

From 2007 to 2020, the average annual growth rate of value in Mexico stood at +X%. In the other countries, the average annual rates were as follows: Brazil (+X% per year) and Guatemala (+X% per year).

Export Prices by Country

In 2020, the papaya export price in Latin America and the Caribbean amounted to $X per tonne, approximately equating the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. from 2009 to 2020, the growth in terms of the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Brazil ($X per tonne), while Guatemala ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced a decline in the export price figures.

Papaya Imports

Imports in Latin America and the Caribbean

For the fourth year in a row, LatAmerica and the Caribbean recorded growth in purchases abroad of papayas, which increased by X% to X tonnes in 2020. Total imports indicated a strong increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2020 and are likely to continue growth in the near future.

In value terms, papaya imports amounted to $X in 2020. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2009 when imports increased by X% against the previous year. The level of import peaked in 2020 and is expected to retain growth in years to come.

Imports by Country

In 2020, El Salvador (X tonnes), distantly followed by Argentina (X tonnes), Ecuador (X tonnes), Aruba (X tonnes), Nicaragua (X tonnes) and Uruguay (X tonnes) were the main importers of papayas, together generating X% of total imports. Honduras (X tonnes), Mexico (X tonnes), Curacao (X tonnes), Haiti (X tonnes) and Paraguay (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Argentina, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest papaya importing markets in Latin America and the Caribbean were El Salvador ($X), Ecuador ($X) and Argentina ($X), with a combined X% share of total imports.

Argentina recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the papaya import price in Latin America and the Caribbean amounted to $X per tonne, falling by -X% against the previous year. Import price indicated a pronounced increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, papaya import price increased by +X% against 2015 indices. The growth pace was the most rapid in 2016 an increase of X% y-o-y. The level of import peaked at $X per tonne in 2019, and then fell modestly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Ecuador ($X per tonne), while Curacao ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Ecuador, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for papayas in LatAmerica and the Caribbean?
+
The countries with the highest volumes of papaya consumption in 2020 were the Dominican Republic (1.3M tonnes), Brazil (1.1M tonnes) and Mexico (931K tonnes), with a combined 76% share of total consumption.
What are the largest producers of papayas in LatAmerica and the Caribbean?
+
The countries with the highest volumes of papaya production in 2020 were the Dominican Republic (1.3M tonnes), Brazil (1.1M tonnes) and Mexico (1.1M tonnes), together accounting for 76% of total production.
What are the leading exporters of papayas in LatAmerica and the Caribbean?
+
In value terms, Mexico ($98M) remains the largest papaya supplier in Latin America and the Caribbean, comprising 56% of total exports. The second position in the ranking was occupied by Brazil ($43M), with a 24% share of total exports.
What are the leading importers of papayas in LatAmerica and the Caribbean?
+
In value terms, the largest papaya importing markets in Latin America and the Caribbean were El Salvador ($3.4M), Ecuador ($1.8M) and Argentina ($1.2M), together accounting for 76% of total imports.
What is the average export price for papayas in LatAmerica and the Caribbean?
+
In 2020, the papaya export price in Latin America and the Caribbean amounted to $651 per tonne, approximately mirroring the previous year.
What is the average import price for papayas in LatAmerica and the Caribbean?
+
In 2020, the papaya import price in Latin America and the Caribbean amounted to $1,708 per tonne, falling by -3.1% against the previous year.

Product coverage:
• FCL 600 - Papayas

This report provides an in-depth analysis of the papaya market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Barbados
• British Virgin Islands
• Cayman Islands
• Curacao
• Falkland Islands (Malvinas)
• Grenada
• Guadeloupe
• Martinique
• Montserrat
• Nicaragua
• Saint Kitts and Nevis
• Saint Lucia
• Saint Maarten (Dutch part)
• Saint Vincent and the Grenadines
• Turks and Caicos Islands
• United States Virgin Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Harvested Area, By Country, 2007–2020
Table 7:
Yield, By Country, 2007–2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Harvested Area, By Country, 2020
Figure 24:
Harvested Area, By Country, 2007–2020
Figure 25:
Yield, By Country, 2007–2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020

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