Latin America and the Caribbean: Grape Market 2025

Grape Market Size in Latin America and the Caribbean

The Latin American grape market reduced modestly to $X in 2022, dropping by -3.3% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Grape Production in Latin America and the Caribbean

In value terms, grape production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 10% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Chile (X tons), Argentina (X tons) and Brazil (X tons), with a combined 81% share of total production. Peru and Mexico lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Peru (with a CAGR of +8.0%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average grape yield in Latin America and the Caribbean shrank to X tons per ha, which is down by -3.8% on 2021. Over the period under review, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the yield increased by 12%. The level of yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of grapes production in Latin America and the Caribbean declined to X ha, stabilizing at the previous year's figure. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 1.6% against the previous year. Over the period under review, the harvested area dedicated to grape production reached the maximum at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Grape Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of grapes increased by 1.2% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 6.1% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, grape exports shrank slightly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 6.9% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X tons) and Peru (X tons) dominates exports structure, together making up 92% of total exports. It was distantly followed by Brazil (X tons), mixing up a 4.6% share of total exports. Mexico (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +11.7%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Peru ($X), Chile ($X) and Brazil ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 97% of total exports.

Among the main exporting countries, Peru, with a CAGR of +11.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, falling by -2.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2016 an increase of 9.7% against the previous year. The level of export peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per ton), while Mexico ($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 (+4.2%), while the other leaders experienced a decline in the export price figures.

Grape Imports

Imports in Latin America and the Caribbean

In 2022, the amount of grapes imported in Latin America and the Caribbean surged to X tons, rising by 17% on the previous year. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, grape imports soared to $X in 2022. The total import value increased at an average annual rate of +2.1% 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

Mexico represented the key importer of grapes in Latin America and the Caribbean, with the volume of imports finishing at X tons, which was approx. 49% of total imports in 2022. Guatemala (X tons) ranks second in terms of the total imports with a 6.2% share, followed by Colombia (6.1%) and Ecuador (5.9%). The Dominican Republic (X tons), Panama (X tons), Brazil (X tons), El Salvador (X tons), Costa Rica (X tons), Argentina (X tons) and Honduras (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of +4.1% from 2012 to 2022. At the same time, Argentina (+43.8%), the Dominican Republic (+5.1%), Guatemala (+3.3%), El Salvador (+2.0%) and Panama (+1.6%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +43.8% from 2012-2022. Honduras experienced a relatively flat trend pattern. By contrast, Costa Rica (-1.5%), Colombia (-4.7%), Ecuador (-5.7%) and Brazil (-13.6%) illustrated a downward trend over the same period. Mexico (+16 p.p.), Panama (+4 p.p.), Argentina (+2.8 p.p.), Guatemala (+1.7 p.p.) and the Dominican Republic (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Colombia, Ecuador and Brazil saw its share reduced by -3.8%, -4.8% and -12.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported grapes in Latin America and the Caribbean, comprising 50% of total imports. The second position in the ranking was held by Guatemala ($X), with a 6.5% share of total imports. It was followed by Colombia, with a 6.1% share.

In Mexico, grape imports expanded at an average annual rate of +5.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Guatemala (+4.9% per year) and Colombia (-4.7% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by 6.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2016 when the import price increased by 7.5%. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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