Latin America and the Caribbean: Market for Nuts (Prepared Or Preserved) 2025

Market Size for Nuts (Prepared Or Preserved) in Latin America and the Caribbean

The Latin American nuts (prepared or preserved) market reduced to $X in 2021, declining by -4.8% against the previous year. The market value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, 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 shrank in the following year.

Production of Nuts (Prepared Or Preserved) in Latin America and the Caribbean

In value terms, nuts (prepared or preserved) production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the production volume increased by 23% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Nuts (Prepared Or Preserved)

Exports in Latin America and the Caribbean

In 2021, overseas shipments of nuts (prepared or preserved) increased by 52% to X tons, rising for the second year in a row after two years of decline. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.2% 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 +70.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nuts (prepared or preserved) exports soared to $X in 2021. The total export value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 28%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Mexico prevails in exports structure, resulting at X tons, which was near 60% of total exports in 2021. Brazil (X tons) ranks second in terms of the total exports with a 6.3% share, followed by Chile (5.8%) and Uruguay (4.8%). The following exporters - Guatemala (X tons), Trinidad and Tobago (X tons), Argentina (X tons), Colombia (X tons), Costa Rica (X tons), the Dominican Republic (X tons) and Ecuador (X tons) - together made up 19% of total exports.

From 2012 to 2021, average annual rates of growth with regard to nuts (prepared or preserved) exports from Mexico stood at +12.9%. At the same time, Colombia (+31.6%), Costa Rica (+29.8%), Ecuador (+23.4%), Guatemala (+9.1%), Trinidad and Tobago (+6.0%), Uruguay (+3.9%) and Argentina (+1.3%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +31.6% from 2012-2021. Chile experienced a relatively flat trend pattern. By contrast, Brazil (-6.4%) and the Dominican Republic (-19.0%) illustrated a downward trend over the same period. Mexico (+28 p.p.), Colombia (+2.4 p.p.) and Costa Rica (+2 p.p.) significantly strengthened its position in terms of the total exports, while Chile, Brazil and the Dominican Republic saw its share reduced by -4.1%, -11.8% and -19.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest nuts (prepared or preserved) supplier in Latin America and the Caribbean, comprising 47% of total exports. The second position in the ranking was held by Chile ($X), with an 11% share of total exports. It was followed by Brazil, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value in Mexico amounted to +11.5%. In the other countries, the average annual rates were as follows: Chile (-1.2% per year) and Brazil (-5.6% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, falling by -20.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 32% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+11.2%), while the other leaders experienced more modest paces of growth.

Imports of Nuts (Prepared Or Preserved)

Imports in Latin America and the Caribbean

In 2021, purchases abroad of nuts (prepared or preserved) increased by 11% to X tons, rising for the fifth year in a row after three years of decline. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 23%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, nuts (prepared or preserved) imports skyrocketed to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.2% 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 +90.5% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

Mexico represented the largest importer of nuts (prepared or preserved) in Latin America and the Caribbean, with the volume of imports resulting at X tons, which was near 34% of total imports in 2021. It was distantly followed by Brazil (X tons), Costa Rica (X tons), Chile (X tons), Panama (X tons) and Guatemala (X tons), together mixing up a 33% share of total imports. Colombia (X tons), Argentina (X tons), Jamaica (X tons), the Dominican Republic (X tons), Honduras (X tons), Peru (X tons) and Trinidad and Tobago (X tons) followed a long way behind the leaders.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of nuts (prepared or preserved). At the same time, Panama (+84.4%), Honduras (+26.1%), Colombia (+14.6%), Brazil (+10.6%), Guatemala (+9.3%), Chile (+8.5%), Peru (+7.9%), Costa Rica (+5.3%), the Dominican Republic (+4.1%), Argentina (+3.3%) and Trinidad and Tobago (+2.4%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +84.4% from 2012-2021. By contrast, Jamaica (-4.6%) illustrated a downward trend over the same period. Brazil (+5.5 p.p.), Panama (+5 p.p.), Colombia (+2.6 p.p.), Chile (+2.2 p.p.), Honduras (+2.2 p.p.) and Guatemala (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Jamaica and Mexico saw its share reduced by -2.7% and -8.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported nuts (prepared or preserved) in Latin America and the Caribbean, comprising 40% of total imports. The second position in the ranking was taken by Brazil ($X), with an 8.1% share of total imports. It was followed by Chile, with a 6% share.

In Mexico, nuts (prepared or preserved) imports expanded at an average annual rate of +4.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+12.3% per year) and Chile (+10.0% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of 8.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. 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 2021, the country with the highest price was Mexico ($X per ton), while Brazil ($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 (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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