MERCOSUR: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in MERCOSUR

In 2022, after three years of decline, there was significant growth in the MERCOSUR temporarily preserved vegetable market, when its value increased by 16% to $X. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Temporarily Preserved Vegetable Production in MERCOSUR

In value terms, temporarily preserved vegetable production shrank to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible decline. The growth pace was the most rapid in 2015 with an increase of 15% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Temporarily Preserved Vegetable Exports

Exports in MERCOSUR

In 2022, after two years of growth, there was significant decline in shipments abroad of vegetables (temporarily preserved), when their volume decreased by -18% to X tons. Over the period under review, exports saw a mild reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 11% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, temporarily preserved vegetable exports shrank to $X in 2022. Overall, exports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 8.8% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru dominates exports structure, recording X tons, which was approx. 95% of total exports in 2022. Brazil (X tons) followed a long way behind the leaders.

Peru was also the fastest-growing in terms of the vegetables (temporarily preserved) exports, with a CAGR of +3.2% from 2012 to 2022. Brazil (-1.5%) illustrated a downward trend over the same period. While the share of Peru (+34 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) remains the largest temporarily preserved vegetable supplier in MERCOSUR, comprising 86% of total exports. The second position in the ranking was taken by Brazil ($X), with an 8.9% share of total exports.

In Peru, temporarily preserved vegetable exports increased at an average annual rate of +3.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, picking up by 8.5% against the previous year. Overall, the export price, however, showed a noticeable decline. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Brazil ($X per ton), while Peru stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (-0.0%).

Temporarily Preserved Vegetable Imports

Imports in MERCOSUR

In 2022, approx. X tons of vegetables (temporarily preserved) were imported in MERCOSUR; flattening at the previous year. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 20%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, temporarily preserved vegetable imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 25% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Chile (X tons) and Brazil (X tons) dominates imports structure, together comprising 92% of total imports. The following importers - Venezuela (X tons) and Colombia (X tons) - together made up 5.4% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Chile (with a CAGR of +4.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest temporarily preserved vegetable importing markets in MERCOSUR were Brazil ($X), Chile ($X) and Venezuela ($X), together accounting for 94% of total imports.

Among the main importing countries, Chile, with a CAGR of +9.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, rising by 11% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by 13%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+4.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform