MERCOSUR: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in MERCOSUR

After two years of growth, the MERCOSUR market for peel of citrus fruit or melons decreased by -2% to $X in 2021. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped modestly in the following year.

Production of Peel Of Citrus Fruit Or Melons in MERCOSUR

In value terms, citrus fruit or melons peel production declined to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 30%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Peel Of Citrus Fruit Or Melons

Exports in MERCOSUR

In 2021, approx. X tons of peel of citrus fruit or melons were exported in MERCOSUR; picking up by 99% on 2020 figures. Total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, citrus fruit or melons peel exports soared to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Peru represented the largest exporter of peel of citrus fruit or melons in MERCOSUR, with the volume of exports recording X tons, which was near 59% of total exports in 2021. It was distantly followed by Argentina (X tons), Brazil (X tons) and Paraguay (X tons), together comprising a 39% share of total exports. Chile (X tons) followed a long way behind the leaders.

Exports from Peru increased at an average annual rate of +8.5% from 2012 to 2021. At the same time, Brazil (+14.2%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +14.2% from 2012-2021. Chile experienced a relatively flat trend pattern. By contrast, Paraguay (-1.1%) and Argentina (-4.2%) illustrated a downward trend over the same period. While the share of Peru (+20 p.p.) and Brazil (+6.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Paraguay (-2.8 p.p.) and Argentina (-22.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest citrus fruit or melons peel supplying countries in MERCOSUR were Peru ($X), Argentina ($X) and Brazil ($X), with a combined 87% share of total exports.

Brazil, with a CAGR of +11.1%, saw the highest growth rate of the value of exports, among 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

In 2021, the export price in MERCOSUR amounted to $X per ton, falling by -5.4% against the previous year. Over the period under review, the export price showed a perceptible contraction. The most prominent rate of growth was recorded in 2015 an increase of 18% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+2.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Peel Of Citrus Fruit Or Melons

Imports in MERCOSUR

For the third year in a row, MERCOSUR recorded growth in supplies from abroad of peel of citrus fruit or melons, which increased by 198% to X tons in 2021. Overall, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, citrus fruit or melons peel imports surged to $X in 2021. Over the period under review, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Ecuador (X tons) represented the key importer of peel of citrus fruit or melons, making up 47% of total imports. It was distantly followed by Brazil (X tons), Argentina (X tons) and Chile (X tons), together generating a 47% share of total imports. The following importers - Suriname (X tons) and Venezuela (X tons) - each recorded a 4.1% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Argentina (with a CAGR of +67.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest citrus fruit or melons peel importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Chile ($X), with a combined 77% share of total imports.

In terms of the main importing countries, Argentina, with a CAGR of +55.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, declining by -41.8% against the previous year. Over the period under review, the import price recorded a slight decline. The most prominent rate of growth was recorded in 2018 when the import price increased by 34%. The level of import peaked at $X per ton in 2020, and then plummeted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform