Latin America and the Caribbean: Tomato Juice Market 2024

Tomato Juice Market Size in Latin America and the Caribbean

The Latin American tomato juice market reached $X in 2022, with an increase of X% against the previous year. In general, consumption recorded a deep slump. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Tomato Juice Production in Latin America and the Caribbean

In value terms, tomato juice production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight reduction. The growth pace was the most rapid in 2020 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Tomato Juice Exports

Exports in Latin America and the Caribbean

For the fifth consecutive year, LatAmerica and the Caribbean recorded growth in overseas shipments of tomato juice, which increased by X% to X tons in 2022. Over the period under review, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, tomato juice exports soared to $X in 2022. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

Mexico was the largest exporting country with an export of around X tons, which resulted at X% of total exports. Guatemala (X tons) held the second position in the ranking, distantly followed by Honduras (X tons) and El Salvador (X tons). All these countries together took near X% share of total exports.

Mexico was also the fastest-growing in terms of the tomato juice exports, with a CAGR of X% from 2012 to 2022. At the same time, Guatemala (X%) and Honduras (X%) displayed positive paces of growth. By contrast, El Salvador (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico increased by X percentage points.

In value terms, Mexico ($X) remains the largest tomato juice supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at X%. In the other countries, the average annual rates were as follows: Guatemala (X% per year) and Honduras (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while El Salvador ($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 more modest paces of growth.

Tomato Juice Imports

Imports in Latin America and the Caribbean

In 2022, the amount of tomato juice imported in Latin America and the Caribbean declined slightly to X tons, almost unchanged from the year before. Over the period under review, imports showed a drastic downturn. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, tomato juice imports rose significantly to $X in 2022. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the five major importers of tomato juice, namely Costa Rica, El Salvador, the Dominican Republic, Guatemala and Brazil, represented more than two-thirds of total import. It was distantly followed by Cuba (X tons), mixing up a X% share of total imports. Nicaragua (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cuba (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X), the Dominican Republic ($X) and El Salvador ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Brazil, Guatemala, Cuba and Nicaragua lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Cuba, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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, with an increase of X% against the previous year. Import price indicated a resilient increase from 2012 to 2022: its price 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, tomato juice import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox Platform

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