Latin America and the Caribbean: Market for Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes 2024

Market Size for Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes in Latin America and the Caribbean

The Latin American market for citrus fruit jams, marmalades, jellies, purees or pastes fell to $X in 2022, waning by -3.4% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes in Latin America and the Caribbean

In value terms, citrus fruit jams and marmalades production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 17%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes

Exports in Latin America and the Caribbean

In 2022, shipments abroad of citrus fruit jams, marmalades, jellies, purees or pastes increased by 20% to X tons for the first time since 2015, thus ending a six-year declining trend. Over the period under review, exports, however, showed a abrupt slump. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, citrus fruit jams and marmalades exports rose rapidly to $X in 2022. In general, exports, however, continue to indicate a abrupt contraction. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Costa Rica represented the main exporting country with an export of about X tons, which recorded 62% of total exports. It was distantly followed by Argentina (X tons) and the Dominican Republic (X tons), together committing a 27% share of total exports. The following exporters - Jamaica (X tons), Peru (X tons), Ecuador (X tons) and Guatemala (X tons) - together made up 8.5% of total exports.

Costa Rica experienced a relatively flat trend pattern with regard to volume of exports of citrus fruit jams, marmalades, jellies, purees or pastes. At the same time, Guatemala (+25.2%) and Ecuador (+12.6%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +25.2% from 2012-2022. By contrast, Jamaica (-2.3%), the Dominican Republic (-3.6%), Argentina (-8.5%) and Peru (-21.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Costa Rica, the Dominican Republic, Ecuador and Guatemala increased by +35, +2.6, +1.7 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Costa Rica ($X) remains the largest citrus fruit jams and marmalades supplier in Latin America and the Caribbean, comprising 55% of total exports. The second position in the ranking was taken by Argentina ($X), with a 17% share of total exports. It was followed by the Dominican Republic, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Costa Rica amounted to +1.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-10.4% per year) and the Dominican Republic (+0.0% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, declining by -10.5% against the previous year. Over the period under review, the export price recorded a noticeable curtailment. The pace of growth was the most pronounced in 2021 an increase of 16% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+3.7%), while the other leaders experienced more modest paces of growth.

Imports of Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes

Imports in Latin America and the Caribbean

Citrus fruit jams and marmalades imports declined to X tons in 2022, which is down by -9.4% compared with the previous year's figure. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 59% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, citrus fruit jams and marmalades imports stood at $X in 2022. The total import value increased at an average annual rate of +4.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, Trinidad and Tobago (X tons) was the major importer of citrus fruit jams, marmalades, jellies, purees or pastes, committing 32% of total imports. It was distantly followed by Barbados (X tons), Panama (X tons), Chile (X tons), Brazil (X tons) and the Dominican Republic (X tons), together generating a 44% share of total imports. Nicaragua (X tons), Costa Rica (X tons), Paraguay (X tons), Colombia (X tons), Aruba (X tons), Guatemala (X tons) and Jamaica (X tons) took a minor share of total imports.

Imports into Trinidad and Tobago increased at an average annual rate of +60.7% from 2012 to 2022. At the same time, Panama (+75.5%), Guatemala (+70.7%), the Dominican Republic (+20.1%), Chile (+7.6%), Nicaragua (+4.2%), Jamaica (+3.3%), Brazil (+1.6%), Costa Rica (+1.0%) and Paraguay (+1.0%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +75.5% from 2012-2022. Barbados and Colombia experienced a relatively flat trend pattern. By contrast, Aruba (-5.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Trinidad and Tobago, Panama, the Dominican Republic, Chile and Guatemala increased by +32, +8.8, +3.4, +1.7 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest citrus fruit jams and marmalades importing markets in Latin America and the Caribbean were Trinidad and Tobago ($X), Barbados ($X) and Chile ($X), with a combined 43% share of total imports. Brazil, Panama, the Dominican Republic, Costa Rica, Colombia, Nicaragua, Guatemala, Aruba, Paraguay and Jamaica lagged somewhat behind, together comprising a further 43%.

Panama, with a CAGR of +74.9%, saw 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, growing by 14% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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