Latin America and the Caribbean: Tomato Market 2024

Tomato Market Size in Latin America and the Caribbean

The Latin American tomato market reached $X in 2023, leveling off at the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Tomato Production in Latin America and the Caribbean

In value terms, tomato production rose slightly to $X in 2023 estimated in export price. In general, production showed a slight expansion. The pace of growth appeared the most rapid 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 2023, production failed to regain momentum.

The countries with the highest volumes of production in 2023 were Mexico (X tons), Brazil (X tons) and Argentina (X tons), with a combined X% share of total production.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Argentina (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2023, the average tomato yield in Latin America and the Caribbean amounted to X tons per ha, remaining stable against the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the tomato yield attained the peak level at X tons per ha in 2020; however, from 2021 to 2023, 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 2023, approx. X ha of tomatoes were harvested in Latin America and the Caribbean; flattening at the previous year's figure. Overall, the harvested area, however, continues to indicate a mild contraction. The growth pace was the most rapid in 2021 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2023, the harvested area remained at a lower figure.

Tomato Exports

Exports in Latin America and the Caribbean

For the fourth consecutive year, LatAmerica and the Caribbean recorded growth in shipments abroad of tomatoes, which increased by X% to X tons in 2023. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to continue growth in the immediate term.

In value terms, tomato exports rose rapidly to $X in 2023. Total exports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2012 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to continue growth in the immediate term.

Exports by Country

Mexico dominates exports structure, resulting at X tons, which was near X% of total exports in 2023. 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 2023. 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 2023, the average annual growth rate of value in Mexico stood at X%.

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Guatemala amounted to $X per ton.

From 2012 to 2023, 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 2023, imports of tomatoes in Latin America and the Caribbean contracted to X tons, which is down by X% compared with 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, tomato imports reached $X in 2023. Overall, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports remained at a lower figure.

Imports by Country

El Salvador prevails in imports structure, finishing at X tons, which was near X% of total imports in 2023. It was distantly followed by Paraguay (X tons), mixing up an X% share of total imports. Chile (X tons) took a little share of total imports.

Imports into El Salvador increased at an average annual rate of X% from 2012 to 2023. 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 2012-2023. From 2012 to 2023, the share of El Salvador, Paraguay 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 ($X) constitutes the largest market for imported tomatoes in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in El Salvador amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (X% per year) and Paraguay (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2023, increasing by X% against the previous year. In general, the import price, however, continues to indicate a perceptible reduction. The growth pace was the most rapid in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the import prices remained at a lower figure.

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

From 2012 to 2023, 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