Latin America and the Caribbean: Market for Nuts (Prepared Or Preserved) 2024

Market Size for Nuts (Prepared Or Preserved) in Latin America and the Caribbean

The Latin American nuts (prepared or preserved) market expanded to $X in 2022, growing by X% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Nuts (Prepared Or Preserved) in Latin America and the Caribbean

In value terms, nuts (prepared or preserved) production reached $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Nuts (Prepared Or Preserved)

Exports in Latin America and the Caribbean

In 2022, overseas shipments of nuts (prepared or preserved) decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, nuts (prepared or preserved) exports reached $X in 2022. Overall, exports, however, saw buoyant growth. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The Dominican Republic (X tons) and Mexico (X tons) prevails in exports structure, together mixing up X% of total exports. It was distantly followed by Chile (X tons), Brazil (X tons) and Uruguay (X tons), together making up a X% share of total exports. The following exporters - Trinidad and Tobago (X tons) and Guatemala (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), the Dominican Republic ($X) and Chile ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

In terms of the main exporting countries, the Dominican Republic, with a CAGR of X%, 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

The export price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of export peaked at $X per ton in 2015; however, from 2016 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 Trinidad and Tobago ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

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

Imports of Nuts (Prepared Or Preserved)

Imports in Latin America and the Caribbean

In 2022, purchases abroad of nuts (prepared or preserved) increased by X% to X tons, rising for the sixth year in a row after three years of decline. Total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, nuts (prepared or preserved) imports expanded markedly to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Mexico represented the major importer of nuts (prepared or preserved) in Latin America and the Caribbean, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Brazil (X tons) took the second position in the ranking, followed by Costa Rica (X tons) and Guatemala (X tons). All these countries together took approx. X% share of total imports. Chile (X tons), Colombia (X tons), Panama (X tons), Argentina (X tons), the Dominican Republic (X tons), Peru (X tons), El Salvador (X tons), Honduras (X tons) and Ecuador (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Panama (X%), Honduras (X%), Colombia (X%), Guatemala (X%), the Dominican Republic (X%), El Salvador (X%), Brazil (X%), Peru (X%), Costa Rica (X%), Chile (X%), Argentina (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. While the share of Brazil (X p.p.), Panama (X p.p.), Guatemala (X p.p.), Colombia (X p.p.), Costa Rica (X p.p.) and the Dominican Republic (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported nuts (prepared or preserved) in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Costa Rica, with a X% share.

In Mexico, nuts (prepared or preserved) imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Costa Rica (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

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 the Dominican Republic ($X per ton), while Guatemala ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform