Latin America and the Caribbean: Vegetable And Melon Market 2024

Vegetable And Melon Market Size in Latin America and the Caribbean

The Latin American vegetable and melon market was finally on the rise to reach $X in 2022, after two years of decline. 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. The growth pace was the most rapid in 2016 when the market value increased by X%. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Vegetable And Melon Production in Latin America and the Caribbean

In value terms, vegetable and melon production dropped modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Mexico (X tons), Brazil (X tons) and Peru (X tons), together accounting for X% of total production. Argentina, Colombia, Chile and Guatemala lagged somewhat behind, together accounting for a further X%.

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

In 2022, the average yield of vegetables and melons in Latin America and the Caribbean reached X tons per ha, with an increase of X% against 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of yield peaked in 2022 and is likely to see gradual growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of vegetables and melons were harvested in Latin America and the Caribbean; stabilizing at the previous year's figure. Over the period under review, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2017 to 2022, the growth of the vegetable and melon harvested area remained at a somewhat lower figure.

Vegetable And Melon Exports

Exports in Latin America and the Caribbean

For the fifth consecutive year, LatAmerica and the Caribbean recorded growth in shipments abroad of vegetables and melons, which increased by X% to X tons in 2022. The total export volume 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 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, vegetable and melon exports expanded markedly to $X in 2022. Total exports indicated prominent growth 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 growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Mexico dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Guatemala (X tons), creating an X% share of total exports. Peru (X tons), Honduras (X tons), Brazil (X tons) and Argentina (X tons) held a minor share of total exports.

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

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

In Mexico, vegetable and melon 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 Guatemala (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, almost unchanged from 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 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Vegetable And Melon Imports

Imports in Latin America and the Caribbean

In 2022, the amount of vegetables and melons imported in Latin America and the Caribbean reached X tons, growing by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable and melon imports rose remarkably to $X in 2022. The total import 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 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; afterwards, it flattened through to 2022.

Imports by Country

In 2022, El Salvador (X tons), distantly followed by Mexico (X tons), Brazil (X tons), Paraguay (X tons) and Colombia (X tons) were the key importers of vegetables and melons, together generating X% of total imports. The following importers - Chile (X tons), the Dominican Republic (X tons), Trinidad and Tobago (X tons), Haiti (X tons), Bahamas (X tons), Nicaragua (X tons), Honduras (X tons) and Guatemala (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 vegetable and melon importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and El Salvador ($X), together comprising X% of total imports. Bahamas, Colombia, the Dominican Republic, Trinidad and Tobago, Paraguay, Haiti, Honduras, Chile, Nicaragua and Guatemala lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Bahamas, with a CAGR of X%, recorded the highest growth rate of 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, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 when the import price increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

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