Latin America and the Caribbean: Tomato Market 2024

Tomato Market Size in Latin America and the Caribbean

The Latin American tomato market declined to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Tomato Production in Latin America and the Caribbean

In value terms, tomato production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a modest increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Mexico (X tons), Brazil (X tons) and Argentina (X tons), with a combined X% share of total production.

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

The average tomato yield fell to X tons per ha in 2022, which is down by X% on the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2021, and then declined slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The tomato harvested area expanded to X ha in 2022, growing by X% on the year before. In general, the harvested area, however, recorded a slight shrinkage. The growth pace was the most rapid in 2021 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to tomato production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

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Tomato Exports

Exports in Latin America and the Caribbean

In 2022, exports of tomatoes in Latin America and the Caribbean rose to X tons, with an increase of X% compared with 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, tomato exports rose significantly to $X in 2022. Total exports indicated a tangible increase 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 2012 indices. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Mexico prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. Guatemala (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the tomatoes exports, with a CAGR of X% from 2012 to 2022. Guatemala experienced a relatively flat trend pattern. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Mexico totaled X%.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, picking up 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 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Guatemala stood at $X per ton.

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

Tomato Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of tomatoes were imported in Latin America and the Caribbean; leveling off at 2021 figures. The total import volume 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. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, tomato imports soared to $X in 2022. Over the period under review, imports, however, saw a noticeable decrease. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

El Salvador was the major importer of tomatoes in Latin America and the Caribbean, with the volume of imports resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Paraguay (X tons), making up a X% share of total imports. Chile (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to tomato imports into El Salvador stood at X%. At the same time, Chile (X%) and Paraguay (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Paraguay, El Salvador and Chile increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, El Salvador ($X) constitutes the largest market for imported tomatoes in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Paraguay ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in El Salvador totaled X%. In the other countries, the average annual rates were as follows: Paraguay (X% per year) and Chile (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. In general, the import price, however, saw a pronounced setback. The level of import peaked at $X per ton in 2014; however, from 2015 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 Chile ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform