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Latin America and the Caribbean - Vegetables And Melons - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean: Vegetable Market Overview 2020

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Vegetable Market Size in Latin America and the Caribbean

For the tenth year in a row, the Latin American vegetable market recorded growth in sales value, which increased by X% to $X in 2019. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Vegetable Production in Latin America and the Caribbean

In value terms, vegetable production stood at $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

The countries with the highest volumes of vegetable production in 2019 were Mexico (X tonnes), Brazil (X tonnes) and Peru (X tonnes), together comprising X% of total production.

From 2007 to 2019, the most notable rate of growth in terms of vegetable production, amongst the key producing countries, was attained by Mexico, while vegetable production for the other leaders experienced more modest paces of growth.

In 2019, the average yield of vegetables in Latin America and the Caribbean stood at X tonnes per ha, approximately mirroring the year before. The yield figure increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 when the yield increased by X% against the previous year. Over the period under review, the vegetable yield reached the maximum level in 2019 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the total area harvested in terms of vegetables production in Latin America and the Caribbean amounted to X ha, remaining constant against 2018. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to vegetable production reached the peak figure at X ha in 2017; afterwards, it flattened through to 2019.

Production By Country in Latin America and the Caribbean

The countries with the highest volumes of vegetable production in 2019 were Mexico (X tonnes), Brazil (X tonnes) and Peru (X tonnes), together accounting for X% of total production.

From 2007 to 2019, the most notable rate of growth in terms of vegetable production, amongst the main producing countries, was attained by Mexico, while vegetable production for the other leaders experienced more modest paces of growth.

Vegetable Exports

Exports in Latin America and the Caribbean

Vegetable exports fell to X tonnes in 2019, dropping by -X% on 2018 figures. The total export volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. The volume of export peaked at X tonnes in 2018, and then declined in the following year.

In value terms, vegetable exports expanded modestly to $X in 2019. Total exports indicated a moderate expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2019 and are likely to see steady growth in the near future.

Exports by Country

Mexico prevails in vegetable exports structure, accounting for X tonnes, which was near X% of total exports in 2019. Guatemala (X tonnes) occupied an X% share (based on tonnes) of total exports, which put it in second place, followed by Honduras (X%) and Peru (X%). Brazil (X tonnes), Argentina (X tonnes) and Costa Rica (X tonnes) held a relatively small share of total exports.

From 2007 to 2019, average annual rates of growth with regard to vegetable exports from Mexico stood at +X%. At the same time, Peru (+X%), Honduras (+X%), Guatemala (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2019. Argentina experienced a relatively flat trend pattern. By contrast, Costa Rica (-X%) illustrated a downward trend over the same period. Mexico (+X p.p.), Peru (+X p.p.), Guatemala (+X p.p.) and Honduras (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Mexico, vegetable exports increased at an average annual rate of +X% over the period from 2007-2019. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (+X% per year) and Guatemala (+X% per year).

Export Prices by Country

In 2019, the vegetable export price in Latin America and the Caribbean amounted to $X per tonne, growing by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 an increase of X% against the previous year. The level of export peaked in 2019 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Peru ($X per tonne), while Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Honduras, while the other leaders experienced more modest paces of growth.

Vegetable Imports

Imports in Latin America and the Caribbean

In 2019, purchases abroad of vegetables increased by X% to X tonnes, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. The volume of import peaked in 2019 and is expected to retain growth in the immediate term.

In value terms, vegetable imports soared to $X in 2019. The total import value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Brazil (X tonnes), Mexico (X tonnes) and El Salvador (X tonnes) was the major importer of vegetables in Latin America and the Caribbean, creating X% of total import. Paraguay (X tonnes), Colombia (X tonnes), Trinidad and Tobago (X tonnes), Haiti (X tonnes), the Dominican Republic (X tonnes), Chile (X tonnes), Panama (X tonnes), Honduras (X tonnes) and Nicaragua (X tonnes) followed a long way behind the leaders.

From 2007 to 2019, the biggest increases were in Panama, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and El Salvador ($X), with a combined X% share of total imports. Trinidad and Tobago, Colombia, Haiti, the Dominican Republic, Panama, Paraguay, Chile, Honduras and Nicaragua lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The vegetable import price in Latin America and the Caribbean stood at $X per tonne in 2019, surging by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 when the import price increased by X% year-to-year. The level of import peaked at $X per tonne in 2017; however, from 2018 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Brazil ($X per tonne), while Paraguay ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Colombia, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vegetables in LatAmerica and the Caribbean?
+
The countries with the highest volumes of vegetable consumption in 2019 were Brazil (16M tonnes), Mexico (13M tonnes) and Peru (7.6M tonnes), with a combined 58% share of total consumption.
What are the largest producers of vegetables in LatAmerica and the Caribbean?
+
The countries with the highest volumes of vegetable production in 2019 were Mexico (19M tonnes), Brazil (16M tonnes) and Peru (8.1M tonnes), together comprising 61% of total production.
What are the leading suppliers of vegetables in LatAmerica and the Caribbean?
+
In value terms, Mexico ($6.8B) remains the largest vegetable supplier in Latin America and the Caribbean, comprising 74% of total exports. The second position in the ranking was occupied by Peru ($790M), with a 8.6% share of total exports. It was followed by Guatemala, with a 4.7% share.
What are the leading importers of vegetables in LatAmerica and the Caribbean?
+
In value terms, Brazil ($297M), Mexico ($224M) and El Salvador ($83M) were the countries with the highest levels of imports in 2019, with a combined 64% share of total imports. Trinidad and Tobago, Colombia, Haiti, the Dominican Republic, Panama, Paraguay, Chile, Honduras and Nicaragua lagged somewhat behind, together accounting for a further 19%.
What is the average export price for vegetables in LatAmerica and the Caribbean?
+
The vegetable export price in Latin America and the Caribbean stood at $979 per tonne in 2019, increasing by 3.7% against the previous year.
What is the average import price for vegetables in LatAmerica and the Caribbean?
+
In 2019, the vegetable import price in Latin America and the Caribbean amounted to $576 per tonne, increasing by 4.1% against the previous year.

Product coverage:
• FCL 116 - Potatoes
• FCL 388 - Tomatoes, fresh
• FCL 402 - Onions, shallots (green)
• FCL 403 - Onions, dry
• FCL 406 - Garlic
• FCL 407 - Leeks and other alliaceous vegetables
• FCL 393 - Cauliflowers and broccoli
• FCL 372 - Lettuce and chicory
• FCL 426 - Carrot
• FCL 397 - Cucumbers and gherkins
• FCL 417 - Peas, green
• FCL 414 - Beans, green
• FCL 423 - String Beans
• FCL 367 - Asparagus
• FCL 399 - Eggplants
• FCL 401 - Chillies and peppers (green)
• FCL 373 - Spinach
• FCL 260 - Olives
• FCL 394 - Pumpkins, squash and gourds
• FCL 463 - Vegetables, Fresh n.e.s.
• FCL 446 - Green Corn (Maize)
• FCL 430 - Okra
• FCL 394 - Pumpkins, squash and gourds
• FCL 378 - Cassava leaves
• FCL 366 - Artichokes
• FCL 260 - Olives
• FCL 358 - Cabbages
• FCL 449 - Mushrooms
• FCL 366 - Artichokes

This report provides an in-depth analysis of the vegetable market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Anguilla
• Antigua and Barbuda
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• British Virgin Islands
• Cayman Islands
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Harvested Area, By Country, 2007–2019
Table 7:
Yield, By Country, 2007–2019
Table 8:
Imports, In Physical Terms, By Country, 2007–2019
Table 9:
Imports, In Value Terms, By Country, 2007–2019
Table 10:
Import Prices, By Country Of Destination, 2007–2019
Table 11:
Exports, In Physical Terms, By Country, 2007–2019
Table 12:
Exports, In Value Terms, By Country, 2007–2019
Table 13:
Export Prices, By Country Of Origin, 2007–2019
Table 14:
Producer Prices, By Major Producing Country, 2019
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2019
Figure 18:
Production, In Value Terms, 2007–2019
Figure 19:
Area Harvested, 2007–2019
Figure 20:
Yield, 2007–2019
Figure 21:
Production, By Country, 2019
Figure 22:
Production, In Physical Terms, By Country, 2007–2019
Figure 23:
Harvested Area, By Country, 2019
Figure 24:
Harvested Area, By Country, 2007–2019
Figure 25:
Yield, By Country, 2007–2019
Figure 26:
Imports, In Physical Terms, 2007–2019
Figure 27:
Imports, In Value Terms, 2007–2019
Figure 28:
Imports, In Physical Terms, By Country, 2019
Figure 29:
Imports, In Physical Terms, By Country, 2007–2019
Figure 30:
Imports, In Value Terms, By Country, 2007–2019
Figure 31:
Import Prices, By Country, 2007–2019
Figure 32:
Exports, In Physical Terms, 2007–2019
Figure 33:
Exports, In Value Terms, 2007–2019
Figure 34:
Exports, In Physical Terms, By Country, 2019
Figure 35:
Exports, In Physical Terms, By Country, 2007–2019
Figure 36:
Exports, In Value Terms, By Country, 2007–2019
Figure 37:
Export Prices, 2007–2019

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