Latin America and the Caribbean: Candied Fruit Market 2025

Candied Fruit Market Size in Latin America and the Caribbean

In 2021, the Latin American candied fruit market decreased by -0.4% to $X, falling for the second consecutive year after six years of growth. The market value increased at an average annual rate of +4.0% from 2012 to 2021; 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 2021, consumption failed to regain momentum.

Candied Fruit Production in Latin America and the Caribbean

In value terms, candied fruit production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by 16% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

The countries with the highest volumes of production in 2021 were Brazil (X tons), Mexico (X tons) and Colombia (X tons), together accounting for 65% of total production. Argentina, Venezuela, Peru and Cuba lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Cuba (with a CAGR of +6.9%), while production for the other leaders experienced more modest paces of growth.

Candied Fruit Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of candied fruits increased by 107% to X tons, rising for the second consecutive year after two years of decline. In general, exports saw a tangible increase. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, candied fruit exports surged to $X in 2021. Total exports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 60%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Mexico (X tons) represented the key exporter of candied fruits, mixing up 63% of total exports. Brazil (X tons) ranks second in terms of the total exports with a 19% share, followed by Guatemala (6.2%) and Costa Rica (4.9%). The following exporters - Peru (X tons) and El Salvador (X tons) - each finished at a 3.6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to candied fruit exports from Mexico stood at +1.0%. At the same time, Guatemala (+45.5%), El Salvador (+24.7%), Peru (+19.8%), Costa Rica (+9.9%) and Brazil (+9.3%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +45.5% from 2012-2021. From 2012 to 2021, the share of Brazil, Guatemala and Costa Rica increased by +7.4, +5.9 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest candied fruit supplier in Latin America and the Caribbean, comprising 65% of total exports. The second position in the ranking was taken by Brazil ($X), with a 13% share of total exports. It was followed by Costa Rica, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value in Mexico amounted to +3.8%. In the other countries, the average annual rates were as follows: Brazil (+3.7% per year) and Costa Rica (+12.5% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, with a decrease of -27.1% against the previous year. Overall, the 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 55% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Costa Rica ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by El Salvador (+3.3%), while the other leaders experienced more modest paces of growth.

Candied Fruit Imports

Imports in Latin America and the Caribbean

In 2021, supplies from abroad of candied fruits increased by 25% to X tons, rising for the second year in a row after two years of decline. Overall, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 52% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, candied fruit imports surged to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.3% 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 +35.5% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by 55%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, Argentina (X tons) and Chile (X tons) represented the main importers of candied fruits in Latin America and the Caribbean, together accounting for approx. 54% of total imports. Mexico (X tons) ranks next in terms of the total imports with an 8.3% share, followed by El Salvador (5.6%). The following importers - Panama (X tons), Uruguay (X tons), Brazil (X tons), Guatemala (X tons), Bolivia (X tons), Colombia (X tons) and Costa Rica (X tons) - together made up 19% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Panama (with a CAGR of +47.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Chile ($X) and Mexico ($X) were the countries with the highest levels of imports in 2021, together comprising 63% of total imports. El Salvador, Panama, Brazil, Uruguay, Guatemala, Colombia, Costa Rica and Bolivia lagged somewhat behind, together accounting for a further 24%.

Among the main importing countries, Panama, with a CAGR of +47.1%, saw the highest growth rate of 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 2021, rising by 6.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 9.4%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per ton), while Uruguay ($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 (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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