Latin America and the Caribbean: Market for Roots and Tubers, nes 2022

Market Size for Roots and Tubers, nes in Latin America and the Caribbean

After six years of decline, the Latin American roots and tubers, nes market increased by X% to $X in 2020. In general, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. As a result, consumption attained the peak level of $X. from 2014 to 2020, the growth of the market failed to regain the momentum.

Production of Roots and Tubers, nes in Latin America and the Caribbean

In value terms, roots and tubers, nes production totaled $X in 2020 estimated in export prices. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% y-o-y. The level of production peaked at $X in 2014; however, from 2015 to 2020, production failed to regain the momentum.

Colombia (X tons) constituted the country with the largest volume of roots and tubers, nes production, accounting for X% of total volume. Moreover, roots and tubers, nes production in Colombia exceeded the figures recorded by the second-largest producer, Mexico (X tons), twofold. Peru (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Colombia amounted to +X%. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and Peru (-X% per year).

The average roots and tubers, nes yield shrank slightly to X tons per ha in 2020, standing approx. at the year before. Overall, the yield recorded a mild slump. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, the roots and tubers, nes yield hit record highs at X tons per ha in 2012; however, from 2013 to 2020, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The roots and tubers, nes harvested area rose modestly to X ha in 2020, surging by X% on 2019 figures. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to roots and tubers, nes production attained the maximum in 2020 and is expected to retain growth in years to come.

Production By Country in Latin America and the Caribbean

The country with the largest volume of roots and tubers, nes production was Colombia (X tons), accounting for X% of total volume. Moreover, roots and tubers, nes production in Colombia exceeded the figures recorded by the second-largest producer, Mexico (X tons), twofold. Peru (X tons) ranked third in terms of total production with a X% share.

In Colombia, roots and tubers, nes production expanded at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Mexico (+X% per year) and Peru (-X% per year).

Exports of Roots and Tubers, nes

Exports in Latin America and the Caribbean

In 2020, the amount of roots and tubers, nes exported in Latin America and the Caribbean dropped to X tons, waning by -X% on the previous year's figure. Total exports indicated a temperate increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2016 indices. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. The volume of export peaked at X tons in 2019, and then declined in the following year.

In value terms, roots and tubers, nes exports shrank to $X in 2020. Total exports indicated noticeable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. The level of export peaked at $X in 2019, and then contracted in the following year.

Exports by Country

The biggest shipments were from Ecuador (X tons), Mexico (X tons) and Costa Rica (X tons), together accounting for X% of total export. It was distantly followed by Nicaragua (X tons), Jamaica (X tons) and Colombia (X tons), together committing a X% share of total exports. Brazil (X tons) took a relatively small share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Mexico, while exports for the other leaders experienced more modest paces of growth.

In value terms, Jamaica ($X), Ecuador ($X) and Costa Rica ($X) were the countries with the highest levels of exports in 2020, together accounting for X% of total exports. Mexico, Colombia, Nicaragua and Brazil lagged somewhat behind, together comprising a further X saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The roots and tubers, nes export price in Latin America and the Caribbean stood at $X per ton in 2020, increasing by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. The level of export peaked at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Jamaica ($X per ton), while Nicaragua ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Jamaica, while the other leaders experienced more modest paces of growth.

Imports of Roots and Tubers, nes

Imports in Latin America and the Caribbean

After two years of decline, purchases abroad of roots and tubers, nes increased by X% to X tons in 2020. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. The volume of import peaked at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, roots and tubers, nes imports fell modestly to $X in 2020. Total imports indicated a modest increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2019, and then reduced in the following year.

Imports by Country

In 2020, Trinidad and Tobago (X tons) represented the key importer of roots and tubers, nes, generating X% of total imports. Bahamas (X tons) ranks second in terms of the total imports with a X% share, followed by Honduras (X%) and Barbados (X%). Cayman Islands (X tons), the Dominican Republic (X tons), Mexico (X tons), Saint Maarten (Dutch part) (X tons) and Costa Rica (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to roots and tubers, nes imports into Trinidad and Tobago stood at -X%. At the same time, the Dominican Republic (+X%), Bahamas (+X%), Saint Maarten (Dutch part) (+X%), Cayman Islands (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2020. By contrast, Barbados (-X%), Costa Rica (-X%) and Honduras (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Bahamas, the Dominican Republic and Cayman Islands increased by +X%, +X% and +X% percentage points, while Honduras (-X p.p.) and Trinidad and Tobago (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest roots and tubers, nes importing markets in Latin America and the Caribbean were Trinidad and Tobago ($X), Bahamas ($X) and Cayman Islands ($X), with a combined X% share of total imports. The Dominican Republic, Mexico, Barbados, Saint Maarten (Dutch part), Costa Rica and Honduras lagged somewhat behind, together accounting for a further X Dominican Republic recorded the highest growth rate of the value of imports, among 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 roots and tubers, nes import price in Latin America and the Caribbean stood at $X per ton in 2020, waning by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2015 when the import price increased by X% y-o-y. Over the period under review, import prices hit record highs at $X per ton in 2019, and then fell slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Cayman Islands ($X per ton), while Honduras ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bahamas, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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