Latin America and the Caribbean: Fruit And Berry Market 2024

Fruit And Berry Market Size in Latin America and the Caribbean

The Latin American fruit and berry market totaled $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2016 when the market value increased by X%. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Fruit And Berry Production in Latin America and the Caribbean

In value terms, fruit and berry production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Brazil (X tons), Mexico (X tons) and Colombia (X tons), with a combined X% share of total production. Ecuador, Costa Rica, Peru, Argentina, Chile and Guatemala lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average fruit and berry yield in Latin America and the Caribbean declined to X tons per ha, remaining constant against 2021 figures. Overall, the yield, however, saw a modest increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the fruit and berry yield attained the maximum level at X tons per ha in 2019; however, from 2020 to 2022, the 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.

The fruit and berry harvested area contracted to X ha in 2022, approximately equating 2021. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the harvested area dedicated to fruit and berry production reached the maximum at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

Fruit And Berry Exports

Exports in Latin America and the Caribbean

In 2022, after seven years of growth, there was significant decline in shipments abroad of fruits and berries, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, fruit and berry exports reduced to $X in 2022. Total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, Ecuador (X tons), distantly followed by Costa Rica (X tons), Mexico (X tons), Guatemala (X tons), Chile (X tons), Colombia (X tons) and Peru (X tons) were the largest exporters of fruits and berries, together constituting X% of total exports. Honduras (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest fruit and berry supplying countries in Latin America and the Caribbean were Mexico ($X), Chile ($X) and Peru ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Peru, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then declined slightly in the following year.

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 Peru ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

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

Fruit And Berry Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of fruits and berries was finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, fruit and berry imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Argentina (X tons), Mexico (X tons), Brazil (X tons), Chile (X tons) and El Salvador (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Colombia (X tons), comprising a X% share of total imports. Guatemala (X tons), Honduras (X tons), Ecuador (X tons), Peru (X tons), Paraguay (X tons), Costa Rica (X tons) and Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fruit and berry importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Argentina ($X), together comprising X% of total imports. Chile, Colombia, Ecuador, El Salvador, Guatemala, Costa Rica, Honduras, Peru, Uruguay and Paraguay lagged somewhat behind, together accounting for a further X%.

Chile, with a CAGR of X%, recorded the highest growth rate of 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

The import price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, 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.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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