Latin America and the Caribbean: Peach And Nectarine Market 2024

Peach And Nectarine Market Size in Latin America and the Caribbean

The Latin American peach and nectarine market contracted modestly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption saw a slight setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Peach And Nectarine Production in Latin America and the Caribbean

In value terms, peach and nectarine production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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

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

The average peach and nectarine yield shrank to X tons per ha in 2022, remaining constant against the year before. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the yield increased by X%. Over the period under review, the peach and nectarine yield attained the maximum level at X tons per ha in 2015; however, from 2016 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 peaches and nectarines production in Latin America and the Caribbean reduced slightly to X ha, with a decrease of X% on 2021 figures. Over the period under review, the harvested area saw a noticeable decline. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the harvested area dedicated to peach and nectarine production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Peach And Nectarine Exports

Exports in Latin America and the Caribbean

Peach and nectarine exports stood at X tons in 2022, picking up by X% against the previous year. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, peach and nectarine exports shrank to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Chile prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. Argentina (X tons) held a minor share of total exports.

Chile was also the fastest-growing in terms of the peaches and nectarines exports, with a CAGR of X% from 2012 to 2022. Argentina (X%) illustrated a downward trend over the same period. Chile (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Chile ($X) remains the largest peach and nectarine supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile was relatively modest.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price saw a mild curtailment. The pace of growth was the most pronounced in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

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 Chile ($X per ton), while Argentina totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%).

Peach And Nectarine Imports

Imports in Latin America and the Caribbean

In 2022, peach and nectarine imports in Latin America and the Caribbean reduced notably to X tons, which is down by X% compared with the previous year's figure. Overall, imports continue to indicate a noticeable descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, peach and nectarine imports shrank to $X in 2022. In general, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mexico (X tons) was the main importer of peaches and nectarines, mixing up X% of total imports. It was distantly followed by Brazil (X tons), generating a X% share of total imports. The following importers - Ecuador (X tons), El Salvador (X tons), Peru (X tons), Paraguay (X tons), Guatemala (X tons) and Colombia (X tons) - together made up X% of total imports.

Imports into Mexico decreased at an average annual rate of X% from 2012 to 2022. At the same time, Paraguay (X%), El Salvador (X%), Guatemala (X%) and Peru (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%), Ecuador (X%) and Colombia (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), Paraguay (X p.p.) and El Salvador (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ecuador (X p.p.), Colombia (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 ($X) constitutes the largest market for imported peaches and nectarines in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico was relatively modest. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Ecuador (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, increasing 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 was the most pronounced in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual 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 Guatemala ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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