Latin America and the Caribbean: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in Latin America and the Caribbean

In 2022, the Latin American lettuce and chicory market decreased by -4% to $X, falling for the fourth consecutive year after seven years of growth. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -20.8% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Lettuce And Chicory Production in Latin America and the Caribbean

In value terms, lettuce and chicory production amounted to $X in 2022 estimated in export price. Overall, production recorded a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 28%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Mexico (X tons) constituted the country with the largest volume of lettuce and chicory production, accounting for 64% of total volume. Moreover, lettuce and chicory production in Mexico exceeded the figures recorded by the second-largest producer, Colombia (X tons), eightfold. The third position in this ranking was taken by Chile (X tons), with a 7% share.

In Mexico, lettuce and chicory production increased at an average annual rate of +10.6% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Colombia (+4.4% per year) and Chile (+0.2% per year).

The average lettuce and chicory yield totaled X tons per ha in 2022, increasing by 13% on the year before. The yield figure increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some 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. Over the period under review, the lettuce and chicory yield hit record highs in 2022 and is likely to see steady growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The lettuce and chicory harvested area amounted to X ha in 2022, stabilizing at 2021 figures. The harvested area increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the harvested area increased by 9.2% against the previous year. Over the period under review, the harvested area dedicated to lettuce and chicory production reached the maximum at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

Lettuce And Chicory Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of lettuce and chicory were exported in Latin America and the Caribbean; increasing by 30% compared with the year before. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 80% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, lettuce and chicory exports skyrocketed to $X in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2017 with an increase of 47% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Mexico prevails in exports structure, recording X tons, which was near 94% of total exports in 2022. It was distantly followed by Guatemala (X tons), achieving a 6.1% share of total exports.

Mexico was also the fastest-growing in terms of the lettuce and chicory exports, with a CAGR of +22.0% from 2012 to 2022. At the same time, Guatemala (+6.8%) displayed positive paces of growth. From 2012 to 2022, the share of Mexico increased by +15 percentage points.

In value terms, Mexico ($X) remains the largest lettuce and chicory supplier in Latin America and the Caribbean, comprising 98% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 1.4% share of total exports.

In Mexico, lettuce and chicory exports increased at an average annual rate of +22.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by 5% against the previous year. In general, the export price showed modest growth. The pace of growth appeared the most rapid in 2016 an increase of 38% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 Mexico ($X per ton), while Guatemala stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+1.0%).

Lettuce And Chicory Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of lettuce and chicory were imported in Latin America and the Caribbean; which is down by -20.6% on 2021. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% 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 +37.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year. As a result, imports reached the peak of X tons, and then fell markedly in the following year.

In value terms, lettuce and chicory imports dropped significantly to $X in 2022. Over the period under review, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 81% against the previous year. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

Mexico (X tons) and El Salvador (X tons) prevails in imports structure, together creating 81% of total imports. The following importers - Bahamas (X tons), Paraguay (X tons) and Cayman Islands (X tons) - together made up 8.4% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cayman Islands (with a CAGR of +42.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported lettuce and chicory in Latin America and the Caribbean, comprising 52% of total imports. The second position in the ranking was taken by El Salvador ($X), with a 9.4% share of total imports. It was followed by Bahamas, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at +9.5%. The remaining importing countries recorded the following average annual rates of imports growth: El Salvador (+6.7% per year) and Bahamas (-0.4% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, growing by 4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2017 when the import price increased by 9.6% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bahamas ($X per ton), while El Salvador ($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 (+5.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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