Latin America and the Caribbean: Pineapple Market 2024

Pineapple Market Size in Latin America and the Caribbean

The Latin American pineapple market reached $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Pineapple Production in Latin America and the Caribbean

In value terms, pineapple production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Costa Rica (X tons), Brazil (X tons) and Mexico (X tons), together comprising X% of total production. Colombia, Peru, Venezuela 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 key producing countries, was attained by Colombia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average pineapple yield fell slightly to X tons per ha in 2022, approximately mirroring the previous year. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by X%. Over the period under review, the pineapple yield attained the peak level at X tons per ha in 2019; however, from 2020 to 2022, the yield stood at a somewhat 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 pineapples production in Latin America and the Caribbean dropped to X ha, remaining stable against the year before. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2019 to 2022, the growth of the pineapple harvested area remained at a lower figure.

Pineapple Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of pineapples decreased by X% to X tons, falling for the fourth year in a row after three years of growth. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, pineapple exports totaled $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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X; afterwards, it flattened through to 2022.

Exports by Country

Costa Rica dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Ecuador (X tons), constituting a X% share of total exports. Honduras (X tons) held a little share of total exports.

Costa Rica experienced a relatively flat trend pattern with regard to volume of exports of pineapples. At the same time, Ecuador (X%) and Honduras (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. While the share of Ecuador (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Costa Rica (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Costa Rica ($X) remains the largest pineapple supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Costa Rica amounted to X%. In the other countries, the average annual rates were as follows: Ecuador (X% per year) and Honduras (X% per year).

Export Prices by Country

In 2022, the export 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 growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Honduras ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (X%), while the other leaders experienced mixed trends in the export price figures.

Pineapple Imports

Imports in Latin America and the Caribbean

In 2022, the amount of pineapples imported in Latin America and the Caribbean contracted to X tons, dropping by X% against 2021 figures. Total imports indicated a notable 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 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, pineapple imports totaled $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

El Salvador (X tons) and Chile (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Argentina (X tons), comprising a X% share of total imports. The following importers - Uruguay (X tons), Paraguay (X tons) and Bahamas (X tons) - together made up X% of total imports.

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

In value terms, the largest pineapple importing markets in Latin America and the Caribbean were Chile ($X), Argentina ($X) and El Salvador ($X), together accounting for X% of total imports. Uruguay, Bahamas and Paraguay lagged somewhat behind, together accounting for a further X%.

Bahamas, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

The import price in Latin America and the Caribbean stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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