Cayman Islands: Fruit Market 2020

Fruit Market Size in Cayman Islands

The revenue of the fruit market in Cayman Islands amounted to $X in 2018, picking up by X% against the previous year. Overall, fruit consumption continues to indicate a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the fruit market reached its peak figure level in 2018 and is expected to retain its growth in the near future.

Fruit Production in Cayman Islands

In value terms, fruit production amounted to $X in 2018 estimated in export prices. In general, fruit production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. In that year, fruit production attained its peak level of $X, and then declined slightly in the following year.

Average yield of fruits in Cayman Islands totaled X ton per ha in 2018, reducing by -X% against the previous year. In general, the fruit yield continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, the fruit yield reached its maximum level at X ton per ha in 2007; however, from 2008 to 2018, 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 2018, approx. X ha of fruits were harvested in Cayman Islands; growing by X% against the previous year. In general, the total harvested area indicated buoyant growth from 2007 to 2018: its figure 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 2018 figures, fruit harvested area increased by +X% against 2010 indices. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. The global fruit harvested area peaked in 2018 and is expected to retain its growth in the near future.

Fruit Exports

Exports from Cayman Islands

In 2018, approx. X kg of fruits were exported from Cayman Islands; lowering by -X% against the previous year. Over the period under review, fruit exports continue to indicate a sharp decrease. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Cayman Islands exports peaked at X tons in 2010; however, from 2011 to 2018, exports remained at a lower figure.

In value terms, fruit exports totaled $X in 2018. Overall, fruit exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. In that year, fruit exports reached their peak of $X. From 2011 to 2018, the growth of fruit exports remained at a somewhat lower figure.

Exports by Country

Spain (X tons), Ecuador (X tons), Mexico (X tons), the U.S. (X tons), Guatemala (X tons), South Africa (X tons), Costa Rica (X tons), the Netherlands (X tons), China (X tons), Italy (X tons), Chile (X tons) and Turkey (X tons) represented roughly X% of total exports of fruits in 2018.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Turkey, while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Mexico ($X) and the U.S. ($X) constituted the countries with the highest levels of exports in 2018, together accounting for X% of total exports. The Netherlands, Ecuador, Chile, South Africa, China, Italy, Costa Rica, Guatemala, Turkey and Cayman Islands lagged somewhat behind, together accounting for a further X experienced the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the fruit export price in Cayman Islands amounted to $X per ton, surging by X% against the previous year. In general, the fruit export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. In that year, the export prices for fruits reached their peak level of $X per ton. From 2016 to 2018, the growth in terms of the export prices for fruits failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Mexico ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Costa Rica, while the other leaders experienced more modest paces of growth.

Fruit Imports

Imports into Cayman Islands

Fruit imports into Cayman Islands amounted to X tons in 2018, jumping by X% against the previous year. Over the period under review, fruit imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, fruit imports reached their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, fruit imports totaled $X in 2018. Overall, fruit imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. In that year, fruit imports reached their peak and are likely to continue its growth in the immediate term.

Imports by Country

In 2018, the U.S. (X tons), distantly followed by Russia (X tons), Germany (X tons), the UK (X tons), the Netherlands (X tons) and France (X tons) were the main importers of fruits, together achieving X% of total imports. China (X tons), Canada (X tons), Belgium (X tons), Italy (X tons), Spain (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to fruit imports into the U.S. stood at +X%. At the same time, China (+X%), Spain (+X%), the Netherlands (+X%), Italy (+X%), Germany (+X%), Russia (+X%) and France (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Canada and the UK experienced a relatively flat trend pattern. By contrast, Belgium (-X%) and Japan (-X%) illustrated a downward trend over the same period. The U.S. (+X p.p.) and China (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), Germany ($X) and Russia ($X) were the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by the UK, the Netherlands, France, Canada, China, Belgium, Japan, Spain, Italy and Cayman Islands, which together accounted for a further X the main importing countries, China recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The fruit import price in Cayman Islands stood at $X per ton in 2018, jumping by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X% y-o-y. In that year, the import prices for fruits attained their peak level and is likely to continue its growth in the immediate term.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform