Latin America and the Caribbean: Dried Prune Market 2025

Dried Prune Market Size in Latin America and the Caribbean

After two years of growth, the Latin American dried prune market decreased by -21.9% to $X in 2022. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +30.0% against 2019 indices. As a result, consumption reached the peak level of $X, and then reduced rapidly in the following year.

Dried Prune Production in Latin America and the Caribbean

In value terms, dried prune production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Dried Prune Exports

Exports in Latin America and the Caribbean

Dried prune exports skyrocketed to X tons in 2022, rising by 27% against the year before. Overall, exports, however, saw a pronounced descent. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, dried prune exports surged to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile represented the major exporter of dried prunes in Latin America and the Caribbean, with the volume of exports reaching X tons, which was near 84% of total exports in 2022. It was distantly followed by Argentina (X tons), constituting a 16% share of total exports.

Chile was also the fastest-growing in terms of the dried prunes exports, with a CAGR of -1.0% from 2012 to 2022. Argentina (-5.7%) illustrated a downward trend over the same period. Chile (+7.5 p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by -7.6% from 2012 to 2022, respectively.

In value terms, Chile ($X) remains the largest dried prune supplier in Latin America and the Caribbean, comprising 92% of total exports. The second position in the ranking was taken by Argentina ($X), with an 8.2% share of total exports.

In Chile, dried prune exports expanded at an average annual rate of +7.9% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by 24% against the previous year. Overall, the export price saw prominent growth. The growth pace was the most rapid in 2021 an increase of 55%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Chile ($X per ton), while Argentina totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+9.0%).

Dried Prune Imports

Imports in Latin America and the Caribbean

In 2022, the amount of dried prunes imported in Latin America and the Caribbean totaled X tons, remaining stable against the previous year's figure. Over the period under review, imports, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 11% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, dried prune imports soared to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +66.7% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 36%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Mexico (X tons) and Brazil (X tons) were the key importers of dried prunes in 2022, amounting to near 36% and 28% of total imports, respectively. Guatemala (X tons) held a 7.2% share (based on physical terms) of total imports, which put it in second place, followed by Peru (6.2%) and Colombia (5.8%). Chile (X tons) and Ecuador (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Guatemala (with a CAGR of +14.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Colombia ($X) were the countries with the highest levels of imports in 2022, together accounting for 82% of total imports. Guatemala, Peru, Ecuador and Chile lagged somewhat behind, together accounting for a further 9.7%.

In terms of the main importing countries, Guatemala, with a CAGR of +20.7%, saw the highest rates of growth with regard to the value of imports, 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 Latin America and the Caribbean stood at $X per ton in 2022, surging by 18% against the previous year. Overall, the import price posted a strong increase. The most prominent rate of growth was recorded in 2021 when the import price increased by 63%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+11.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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