Latin America and the Caribbean: Tomato Puree Market 2024

Tomato Puree Market Size in Latin America and the Caribbean

For the fifth consecutive year, the Latin American tomato puree market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Tomato Puree Production in Latin America and the Caribbean

In value terms, tomato puree production reduced to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Tomato Puree Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of tomato puree and paste decreased by X% to X tons, falling for the second year in a row after two years of growth. Total exports indicated a measured 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, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, tomato puree exports skyrocketed to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Chile was the key exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Peru (X tons), comprising a X% share of total exports. Mexico (X tons), Argentina (X tons) and Costa Rica (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to tomato puree exports from Chile stood at X%. At the same time, Argentina (X%), Peru (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Costa Rica experienced a relatively flat trend pattern. From 2012 to 2022, the share of Peru increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Chile, tomato puree exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Peru (X% per year) and Mexico (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Tomato Puree Imports

Imports in Latin America and the Caribbean

After four years of growth, purchases abroad of tomato puree and paste decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, tomato puree imports amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period 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 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

In 2022, Mexico (X tons) represented the main importer of tomato puree and paste, creating X% of total imports. It was distantly followed by Costa Rica (X tons), Brazil (X tons) and Colombia (X tons), together mixing up a X% share of total imports. Honduras (X tons), Guatemala (X tons), Uruguay (X tons), Venezuela (X tons), Paraguay (X tons), Argentina (X tons), Haiti (X tons), Ecuador (X tons) and Cuba (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tomato puree imports into Mexico stood at X%. At the same time, Cuba (X%), Costa Rica (X%), Colombia (X%), Uruguay (X%), Paraguay (X%), Guatemala (X%), Ecuador (X%) and Honduras (X%) displayed positive paces of growth. Moreover, Cuba emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Brazil and Haiti experienced a relatively flat trend pattern. By contrast, Venezuela (X%) and Argentina (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), Costa Rica (X p.p.), Colombia (X p.p.) and Cuba (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (X p.p.), Venezuela (X p.p.) and Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported tomato puree and paste in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total imports. It was followed by Brazil, with an X% share.

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

Import Prices by Country

In 2022, the import 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%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

Source: IndexBox Platform

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