Global Papaya Market Overview 2021

Papaya Market Size

In 2020, the global papaya market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Global consumption peaked at $X in 2011; however, from 2012 to 2020, consumption failed to regain the momentum.

Papaya Production

In value terms, papaya production contracted to $X in 2020 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the production volume increased by X% y-o-y. Over the period under review, global production attained the maximum level at $X in 2008; however, from 2009 to 2020, production remained at a lower figure.

The country with the largest volume of papaya production was India (X tonnes), accounting for X% of total volume. Moreover, papaya production in India exceeded the figures recorded by the second-largest producer, the Dominican Republic (X tonnes), fivefold. The third position in this ranking was occupied by Brazil (X tonnes), with a X% share.

In India, papaya production expanded at an average annual rate of +X% over the period from 2007-2020. in the other countries, the average annual rates were as follows: the Dominican Republic (+X% per year) and Brazil (-X% per year).

In 2020, the global average papaya yield rose slightly to X tonnes per ha, picking up by X% against 2019. The yield figure increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. The global yield peaked in 2020 and is likely to see gradual growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of papayas were harvested worldwide; surging by X% compared with the previous year's figure. The harvested area increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The global harvested area peaked in 2020 and is likely to see gradual growth in years to come.

Production by Country

The country with the largest volume of papaya production was India (X tonnes), comprising approx. X% of total volume. Moreover, papaya production in India exceeded the figures recorded by the second-largest producer, the Dominican Republic (X tonnes), fivefold. Brazil (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in India amounted to +X%. in the other countries, the average annual rates were as follows: the Dominican Republic (+X% per year) and Brazil (-X% per year).

Papaya Exports

Exports

Global papaya exports shrank markedly to X tonnes in 2020, waning by -X% against the year before. in general, total exports indicated a noticeable increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 when exports increased by X% year-to-year. Global exports peaked at X tonnes in 2019, and then shrank remarkably in the following year.

In value terms, papaya exports rose slightly to $X in 2020. Overall, total exports indicated measured growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Global exports peaked in 2020 and are likely to see gradual growth in the near future.

Exports by Country

In 2020, Mexico (X tonnes), distantly followed by Guatemala (X tonnes), Brazil (X tonnes), Malaysia (X tonnes), the U.S. (X tonnes) and Sri Lanka (X tonnes) represented the key exporters of papayas, together mixing up X% of total exports. China (X tonnes) occupied a minor share of total exports.

From 2007 to 2020, the biggest increases were in Guatemala, while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the largest papaya supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by Guatemala, with a X% share.

In Mexico, papaya exports increased at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+X% per year) and Guatemala (+X% per year).

Export Prices by Country

The average papaya export price stood at $X per tonne in 2020, rising by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. As a result, 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 2020, the country with the highest price was the U.S. ($X per tonne), while Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.

Papaya Imports

Imports

In 2020, overseas purchases of papayas increased by X% to X tonnes, rising for the second year in a row after two years of decline. in general, total imports indicated a perceptible expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by X% y-o-y. Global imports peaked in 2020 and are expected to retain growth in years to come.

In value terms, papaya imports expanded remarkably to $X in 2020. Over the period under review, total imports indicated noticeable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The U.S. dominates papaya imports structure, resulting at X tonnes, which was near X% of total imports in 2020. It was distantly followed by Germany (X tonnes), Portugal (X tonnes) and Canada (X tonnes), together achieving a X% share of total imports. The following importers - Spain (X tonnes), the United Arab Emirates (X tonnes) and the Netherlands (X tonnes) - together made up X% of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2020. at the same time, the United Arab Emirates (+X%), Portugal (+X%), Germany (+X%), Spain (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. by contrast, the Netherlands (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Germany, Portugal, the United Arab Emirates and Spain increased by +X%, +X%, +X% and +X% percentage points, while the Netherlands (-X p.p.) and the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported papayas worldwide, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Portugal, with a X% share.

In the U.S., papaya imports increased at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Portugal (+X% per year).

Import Prices by Country

The average papaya import price stood at $X per tonne in 2020, approximately reflecting the previous year. in general, the import price, however, continues to indicate slight growth. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per tonne), while the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform