Latin America and the Caribbean - Melons - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThe Latin American Melon Market to Pursue Temperate Growth
IndexBox has just published a new report: 'Latin America and the Caribbean - Melons - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
The Latin American melon market reached $1.4B in 2019, with an increase of 6.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.8% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2019 and is likely to see gradual growth in the immediate term.
Consumption by Country
The countries with the highest volumes of melon consumption in 2019 were Mexico (516K tons), Brazil (338K tons) and Guatemala (327K tons), with a combined 63% share of total consumption. These countries were followed by Venezuela, Argentina, Colombia, Cuba, Costa Rica, Chile, the Dominican Republic, Honduras and Paraguay, which together accounted for a further 33%.
From 2007 to 2019, the biggest increases were in Colombia, while melon consumption for the other leaders experienced more modest paces of growth.
In value terms, Mexico ($404M), Brazil ($217M) and Colombia ($159M) appeared to be the countries with the highest levels of market value in 2019, with a combined 54% share of the total market.
In 2019, the highest levels of melon per capita consumption was registered in Guatemala (19 kg per person), followed by Costa Rica (8.20 kg per person), Venezuela (6.23 kg per person) and Paraguay (4.59 kg per person), while the world average per capita consumption of melon was estimated at 2.82 kg per person.
Market Forecast 2019-2030
Driven by increasing demand for melon in Latin America and the Caribbean, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.9% for the period from 2019 to 2030, which is projected to bring the market volume to 2.1M tons by the end of 2030.
Production in Latin America and the Caribbean
In 2019, approx. 2.9M tons of melons were produced in Latin America and the Caribbean; stabilizing at 2018. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 5.5% y-o-y. Over the period under review, production hit record highs in 2019 and is likely to see gradual growth in the immediate term. The general positive trend in terms output was largely conditioned by a relatively flat trend pattern of the harvested area and a relatively flat trend pattern in yield figures.
Production by Country
The countries with the highest volumes of melon production in 2019 were Guatemala (633K tons), Mexico (600K tons) and Brazil (590K tons), together accounting for 63% of total production. Honduras, Venezuela, Costa Rica and Argentina lagged somewhat behind, together comprising a further 26%.
From 2007 to 2019, the biggest increases were in Honduras, while melon production for the other leaders experienced more modest paces of growth.
Harvested Area in Latin America and the Caribbean
The melon harvested area reached 130K ha in 2019, approximately mirroring 2018 figures. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the harvested area increased by 5.7% y-o-y. Over the period under review, the harvested area dedicated to melon production reached the peak figure at 136K ha in 2007; however, from 2008 to 2019, the harvested area failed to regain the momentum.
Yield in Latin America and the Caribbean
In 2019, the average melon yield in Latin America and the Caribbean amounted to 22 ton per ha, approximately reflecting 2018 figures. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the yield increased by 7.8% year-to-year. The level of yield peaked at 23 ton per ha in 2016; however, from 2017 to 2019, the yield remained at a lower figure.
Exports in Latin America and the Caribbean
In 2019, the amount of melons exported in Latin America and the Caribbean dropped to 1.1M tons, which is down by -5.2% compared with the year before. In general, exports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 17% year-to-year. The volume of export peaked at 1.3M tons in 2007; however, from 2008 to 2019, exports failed to regain the momentum.
In value terms, melon exports declined to $692M (IndexBox estimates) in 2019. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of 17% against the previous year. The level of export peaked at $811M in 2017; however, from 2018 to 2019, exports remained at a lower figure.
Exports by Country
Guatemala (306K tons), Honduras (264K tons) and Brazil (252K tons) represented roughly 77% of total exports of melons in 2019. Costa Rica (126K tons) ranks next in terms of the total exports with a 12% share, followed by Mexico (10%).
From 2007 to 2019, the biggest increases were in Honduras, while shipments for the other leaders experienced mixed trends in the exports figures.
In value terms, the largest melon supplying countries in Latin America and the Caribbean were Honduras ($206M), Brazil ($160M) and Guatemala ($131M), with a combined 72% share of total exports.
Honduras saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.
Export Prices by Country
In 2019, the melon export price in Latin America and the Caribbean amounted to $652 per ton, declining by -2.9% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2017 when the export price increased by 26% year-to-year. As a result, export price attained the peak level of $848 per ton. From 2018 to 2019, the growth in terms of the export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($810 per ton), while Guatemala ($428 per ton) 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.
This report provides an in-depth analysis of the melon 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 2030.
Product coverage:
- FCL 568 - Melons, Cantaloupes
Country coverage:
- Anguilla
- Antigua and Barbuda
- Argentina
- Aruba
- Bahamas
- Barbados
- Belize
- 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
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Anguilla
- Antigua and Barbuda
- Argentina
- Aruba
- Bahamas
- Barbados
- Belize
- 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
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023