Northern America: Papaya Market 2024

Papaya Market Size in Northern America

The North American papaya market expanded modestly to $X in 2022, picking up by 4.8% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Papaya Production in Northern America

In value terms, papaya production declined to $X in 2022 estimated in export price. Overall, production faced a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of 25% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The United States (X tons) constituted the country with the largest volume of papaya production, accounting for 100% of total volume.

From 2012 to 2022, the average annual growth rate of volume in the United States totaled -8.7%.

In 2022, the average yield of papayas in Northern America fell rapidly to X tons per ha, waning by -19.1% against the previous year's figure. In general, the yield continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2021 with an increase of 62%. Over the period under review, the papaya yield attained the maximum level at X tons per ha in 2016; however, from 2017 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 papaya harvested area in Northern America totaled X ha, leveling off at 2021. In general, the harvested area continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 when the harvested area increased by 59%. The level of harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area stood at a somewhat lower figure.

Papaya Exports

Exports in Northern America

After two years of growth, overseas shipments of papayas decreased by -19.4% to X tons in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 23% against the previous year. The volume of export peaked at X tons in 2021, and then declined sharply in the following year.

In value terms, papaya exports fell significantly to $X in 2022. Over the period under review, exports showed a slight slump. The pace of growth appeared the most rapid in 2013 when exports increased by 12% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of papayas, namely the United States, represented more than two-thirds of total export.

The United States experienced a relatively flat trend pattern with regard to volume of exports of papayas. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest papaya supplier in Northern America.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled -1.4%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, remaining stable against the previous year. Overall, the export price recorded a pronounced reduction. The growth pace was the most rapid in 2014 an increase of 4.7%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -2.2% per year.

Papaya Imports

Imports in Northern America

In 2022, supplies from abroad of papayas increased by 4.9% to X tons, rising for the fourth year in a row after two years of decline. The total import volume increased at an average annual rate of +4.0% over the period 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 2015 when imports increased by 14% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, papaya imports rose to $X in 2022. The total import value increased at an average annual rate of +2.8% 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 2014 with an increase of 10% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

The United States dominates imports structure, accounting for X tons, which was approx. 92% of total imports in 2022. It was distantly followed by Canada (X tons), achieving an 8.3% share of total imports.

The United States was also the fastest-growing in terms of the papayas imports, with a CAGR of +4.1% from 2012 to 2022. At the same time, Canada (+2.6%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported papayas in Northern America, comprising 85% of total imports. The second position in the ranking was taken by Canada ($X), with a 15% share of total imports.

In the United States, papaya imports increased at an average annual rate of +3.4% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, remaining constant against the previous year. Overall, the import price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2014 when the import price increased by 8.7%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat 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 Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.7%).

Source: IndexBox Platform

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