MERCOSUR: Orange Market 2024

Orange Market Size in MERCOSUR

The MERCOSUR orange market expanded modestly to $X in 2022, picking up by 3% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Orange Production in MERCOSUR

In value terms, orange production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Brazil (X tons) remains the largest orange producing country in MERCOSUR, comprising approx. 85% of total volume. Moreover, orange production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tons), more than tenfold. The third position in this ranking was held by Peru (X tons), with a 2.9% share.

In Brazil, orange production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Argentina (+0.9% per year) and Peru (+2.8% per year).

In 2022, the average orange yield in MERCOSUR rose slightly to X tons per ha, increasing by 1.6% compared with the previous year's figure. The yield figure increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the yield increased by 5.2%. Over the period under review, the orange yield attained the peak level at X tons per ha in 2019; however, from 2020 to 2022, 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.

In 2022, the total area harvested in terms of oranges production in MERCOSUR fell to X ha, approximately equating 2021. Overall, the harvested area recorded a slight setback. The pace of growth was the most pronounced in 2021 when the harvested area increased by 0.8%. Over the period under review, the harvested area dedicated to orange production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Orange Exports

Exports in MERCOSUR

Orange exports contracted notably to X tons in 2022, reducing by -27.9% compared with the previous year. Over the period under review, exports recorded a slight slump. The growth pace was the most rapid in 2019 when exports increased by 15% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, orange exports declined markedly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 20%. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

Chile (X tons) and Argentina (X tons) represented roughly 67% of total exports in 2022. It was distantly followed by Peru (X tons), Colombia (X tons) and Uruguay (X tons), together comprising a 32% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Colombia (with a CAGR of +26.6%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) remains the largest orange supplier in MERCOSUR, comprising 62% of total exports. The second position in the ranking was held by Argentina ($X), with a 12% share of total exports. It was followed by Uruguay, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value in Chile totaled +4.8%. In the other countries, the average annual rates were as follows: Argentina (-5.5% per year) and Uruguay (-9.3% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, falling by -11.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2020 when the export price increased by 12%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+5.6%), while the other leaders experienced mixed trends in the export price figures.

Orange Imports

Imports in MERCOSUR

In 2022, approx. X tons of oranges were imported in MERCOSUR; with an increase of 1.7% compared with the previous year. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when imports increased by 28% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, orange imports reduced to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.8% 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 +1.0% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by 49% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Brazil (X tons), Paraguay (X tons) and Ecuador (X tons) was the main importer of oranges in MERCOSUR, achieving 88% of total import. Peru (X tons), Chile (X tons), Argentina (X tons) and Colombia (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Argentina (with a CAGR of +95.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported oranges in MERCOSUR, comprising 52% of total imports. The second position in the ranking was taken by Ecuador ($X), with a 20% share of total imports. It was followed by Peru, with an 8.5% share.

In Brazil, orange imports increased at an average annual rate of +8.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ecuador (+12.9% per year) and Peru (+15.6% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, with a decrease of -4.9% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, orange import price increased by +15.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 47%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform