Latin America and the Caribbean: Frozen Fruit Market 2022

Frozen Fruit Market Size in Latin America and the Caribbean

After two years of growth, the Latin American frozen fruit market decreased by -X% to $X in 2021. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Frozen Fruit Production in Latin America and the Caribbean

In value terms, frozen fruit production reduced modestly to $X in 2021 estimated in export price. The total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020, and then reduced in the following year.

Frozen Fruit Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of frozen fruits increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2017 indices. The growth pace was the most rapid in 2020 when exports increased by X%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, frozen fruit exports expanded rapidly to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Mexico (X tons) and Chile (X tons) represented roughly X% of total exports in 2021. Peru (X tons) held the next position in the ranking, distantly followed by Costa Rica (X tons), Guatemala (X tons) and Ecuador (X tons). All these countries together took approx. X% share of total exports. Argentina (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Guatemala (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fruit supplying countries in Latin America and the Caribbean were Chile ($X), Mexico ($X) and Peru ($X), with a combined X% share of total exports. These countries were followed by Costa Rica, Guatemala, Ecuador and Argentina, which together accounted for a further X the main exporting countries, Guatemala, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, growing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: the country with the highest price was Chile ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+X%), while the other leaders experienced more modest paces of growth.

Frozen Fruit Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of frozen fruits increased by X% to X tons, rising for the second consecutive year after three years of decline. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, frozen fruit imports soared to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Chile (X tons), distantly followed by Brazil (X tons), Guatemala (X tons), Mexico (X tons) and Argentina (X tons) were the main importers of frozen fruits, together creating X% of total imports. The following importers - Panama (X tons), the Dominican Republic (X tons) and Costa Rica (X tons) - together made up X% of total imports.

From 2012 to 2021, the biggest increases were in Guatemala (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Brazil ($X) and Guatemala ($X) constituted the countries with the highest levels of imports in 2021, together comprising X% of total imports.

Guatemala, with a CAGR of +X%, saw the highest growth rate of the value of imports, among 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 2021, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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