MERCOSUR: Vegetable Market 2024

Vegetable Market Size in MERCOSUR

The MERCOSUR vegetable market rose rapidly to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Vegetable Production in MERCOSUR

In value terms, vegetable production totaled $X in 2023 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Brazil (X tons) constituted the country with the largest volume of vegetable production, accounting for X% of total volume. Moreover, vegetable production in Brazil exceeded the figures recorded by the second-largest producer, Peru (X tons), threefold. Argentina (X tons) ranked third in terms of total production with an X% share.

In Brazil, vegetable production shrank by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Peru (X% per year) and Argentina (X% per year).

The average vegetable yield stood at X tons per ha in 2023, remaining constant against the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2023, the growth of the vegetable yield remained at a 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, the total area harvested in terms of vegetables production in MERCOSUR shrank modestly to X ha, approximately equating the previous year. Overall, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2015 to 2023, the growth of the vegetable harvested area remained at a somewhat lower figure.

Vegetable Exports

Exports in MERCOSUR

Vegetable exports declined to X tons in 2023, falling by X% against 2022 figures. Total exports indicated a moderate increase from 2012 to 2023: its volume 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 decreased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, vegetable exports fell modestly to $X in 2023. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Argentina (X tons) represented the main exporter of vegetables, mixing up X% of total exports. It was distantly followed by Peru (X tons) and Brazil (X tons), together achieving a X% share of total exports. Chile (X tons), Ecuador (X tons) and Venezuela (X tons) held a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Venezuela (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Argentina ($X) and Brazil ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Ecuador, Chile and Venezuela lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Venezuela, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, saw a mild setback. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 2023, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced mixed trends in the export price figures.

Vegetable Imports

Imports in MERCOSUR

In 2023, imports of vegetables in MERCOSUR dropped to X tons, which is down by X% on the previous year. In general, imports showed a pronounced reduction. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, vegetable imports dropped slightly to $X in 2023. Over the period under review, imports showed a noticeable reduction. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Brazil (X tons), distantly followed by Colombia (X tons), Chile (X tons), Paraguay (X tons), Peru (X tons) and Venezuela (X tons) were the largest importers of vegetables, together creating X% of total imports. Ecuador (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Chile (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Colombia ($X) and Peru ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Chile, Ecuador, Venezuela and Paraguay lagged somewhat behind, together comprising a further X%.

Paraguay, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 import price in MERCOSUR stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Ecuador ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform