MERCOSUR: Market for Citrus Fruits Not Elsewhere Classified 2024

Market Size for Citrus Fruits Not Elsewhere Classified in MERCOSUR

The MERCOSUR market for citrus fruits not elsewhere classified was finally on the rise to reach $X in 2022, after four years of decline. In general, consumption, however, recorded a noticeable slump. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Citrus Fruits Not Elsewhere Classified in MERCOSUR

In value terms, citrus fruits not elsewhere classified production fell modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 125% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of citrus fruits not elsewhere classified production was Colombia (X tons), comprising approx. 86% of total volume. Moreover, citrus fruits not elsewhere classified production in Colombia exceeded the figures recorded by the second-largest producer, Peru (X tons), ninefold.

In Colombia, citrus fruits not elsewhere classified production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Peru (+1.0% per year) and Ecuador (-1.1% per year).

The average citrus fruits not elsewhere classified yield declined to X tons per ha in 2022, stabilizing at 2021. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the yield increased by 4.8% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2022, the growth of the citrus fruits not elsewhere classified 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.

The citrus fruits not elsewhere classified harvested area reached X ha in 2022, approximately equating 2021 figures. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 4.9% against the previous year. Over the period under review, the harvested area dedicated to citrus fruits not elsewhere classified production attained the peak figure at X ha in 2019; however, from 2020 to 2022, the harvested area failed to regain momentum.

Exports of Citrus Fruits Not Elsewhere Classified

Exports in MERCOSUR

Citrus fruits not elsewhere classified exports reduced to X tons in 2022, waning by -6.4% on 2021. Over the period under review, exports saw a mild downturn. The most prominent rate of growth was recorded in 2017 with an increase of 80%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, citrus fruits not elsewhere classified exports declined significantly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 99%. The level of export peaked at $X in 2021, and then shrank remarkably in the following year.

Exports by Country

In 2022, Ecuador (X tons), Colombia (X tons), Argentina (X tons), Peru (X tons) and Chile (X tons) represented the major exporter of citrus fruits not elsewhere classified in MERCOSUR, mixing up 92% of total export. It was distantly followed by Venezuela (X tons), creating a 5.3% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Chile (with a CAGR of +87.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest citrus fruits not elsewhere classified supplying countries in MERCOSUR were Colombia ($X), Ecuador ($X) and Peru ($X), with a combined 72% share of total exports. Chile, Argentina and Venezuela lagged somewhat behind, together accounting for a further 27%.

Among the main exporting countries, Chile, with a CAGR of +81.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, waning by -15.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2021 when the export price increased by 46%. Over the period under review, the export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Chile ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+8.2%), while the other leaders experienced a decline in the export price figures.

Imports of Citrus Fruits Not Elsewhere Classified

Imports in MERCOSUR

In 2022, purchases abroad of citrus fruits not elsewhere classified decreased by -36% to X tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 153% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, citrus fruits not elsewhere classified imports shrank rapidly to $X in 2022. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 142%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Chile dominates imports structure, accounting for X tons, which was approx. 90% of total imports in 2022. The following importers - Peru (X kg), Argentina (X kg) and Ecuador (X kg) - each resulted at a 6.1% share of total imports.

Chile was also the fastest-growing in terms of the citrus fruits not elsewhere classified imports, with a CAGR of +9.4% from 2012 to 2022. Argentina (-28.9%), Peru (-31.9%) and Ecuador (-39.1%) illustrated a downward trend over the same period. While the share of Chile (+83 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (-9.1 p.p.), Peru (-19.4 p.p.) and Ecuador (-43.5 p.p.) displayed negative dynamics.

In value terms, Chile ($X) constitutes the largest market for imported citrus fruits not elsewhere classified in MERCOSUR, comprising 71% of total imports. The second position in the ranking was taken by Argentina ($X), with an 8.8% share of total imports. It was followed by Peru, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile totaled +4.0%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (-17.9% per year) and Peru (-19.5% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, falling by -34.1% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, citrus fruits not elsewhere classified import price increased by +8.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 65% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while Chile ($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 (+19.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform