Latin America and the Caribbean: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Latin America and the Caribbean

The Latin American market for peel of citrus fruit or melons rose modestly to $X in 2022, surging by X% against the previous year. Overall, consumption, however, saw a pronounced decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Peel Of Citrus Fruit Or Melons in Latin America and the Caribbean

In value terms, citrus fruit or melons peel production stood at $X in 2022 estimated in export price. In general, production, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Peel Of Citrus Fruit Or Melons

Exports in Latin America and the Caribbean

Citrus fruit or melons peel exports rose rapidly to X tons in 2022, picking up by X% compared with 2021. Over the period under review, exports, however, continue to indicate a noticeable contraction. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, citrus fruit or melons peel exports skyrocketed to $X in 2022. Overall, exports, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Peru was the largest exporting country with an export of around X tons, which recorded X% of total exports. Argentina (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (X%). Belize (X tons), Brazil (X tons), Paraguay (X tons) and Haiti (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to citrus fruit or melons peel exports from Peru stood at X%. At the same time, Belize (X.8%), Brazil (X%) and Haiti (X%) displayed positive paces of growth. Moreover, Belize emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X.8% from 2012-2022. By contrast, Argentina (X%), Paraguay (X%) and Mexico (X%) illustrated a downward trend over the same period. Peru (X p.p.), Belize (X p.p.), Argentina (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, the largest citrus fruit or melons peel supplying countries in Latin America and the Caribbean were Peru ($X), Argentina ($X) and Mexico ($X), with a combined X% share of total exports. Haiti, Paraguay, Brazil and Belize lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Belize, with a CAGR of X.0%, 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, with an increase of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices remained at a somewhat 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 Haiti ($X per ton), while Belize ($X per ton) was amongst the lowest.

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

Imports of Peel Of Citrus Fruit Or Melons

Imports in Latin America and the Caribbean

For the third consecutive year, LatAmerica and the Caribbean recorded growth in overseas purchases of peel of citrus fruit or melons, which increased by X% to X tons in 2022. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, citrus fruit or melons peel imports surged to $X in 2022. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Mexico represented the main importer of peel of citrus fruit or melons in Latin America and the Caribbean, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by Guatemala (X tons), generating a X% share of total imports. Argentina (X tons), Chile (X tons), Brazil (X tons) and El Salvador (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%), Guatemala (X%), Chile (X%), El Salvador (X%) and Brazil (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. Guatemala (X p.p.), Mexico (X p.p.), Argentina (X p.p.) and Chile (X p.p.) significantly strengthened its position in terms of the total imports, while El Salvador and Brazil saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Mexico ($X) constitutes the largest market for imported peel of citrus fruit or melons in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Mexico, citrus fruit or melons peel imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Brazil ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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