MERCOSUR: Vegetable Market 2024

Vegetable Market Size in MERCOSUR

The MERCOSUR vegetable market rose sharply to $X in 2023, growing by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a lower figure.

Vegetable Production in MERCOSUR

In value terms, vegetable production totaled $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Brazil (X tons) constituted the country with the largest volume of vegetable production, accounting for X% of total volume. Moreover, vegetable production in Brazil exceeded the figures recorded by the second-largest producer, Peru (X tons), threefold. Argentina (X tons) ranked third in terms of total production with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume in Brazil amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Peru (X% per year) and Argentina (X% per year).

The average vegetable yield stood at X tons per ha in 2023, leveling off at 2022. Over the period under review, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2017 to 2023, the growth of the vegetable yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of vegetables were harvested in MERCOSUR; leveling off at the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2015 to 2023, the growth of the vegetable harvested area remained at a lower figure.

Vegetable Exports

Exports in MERCOSUR

In 2023, exports of vegetables in MERCOSUR shrank to X tons, which is down by X% compared with 2022 figures. Total exports indicated noticeable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, vegetable exports declined slightly to $X in 2023. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Argentina (X tons) represented the largest exporter of vegetables, generating X% of total exports. Peru (X tons) held the second position in the ranking, distantly followed by Brazil (X tons). All these countries together held approx. X% share of total exports. Chile (X tons), Ecuador (X tons) and Venezuela (X tons) held a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for Venezuela (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable supplying countries in MERCOSUR were Peru ($X), Argentina ($X) and Brazil ($X), with a combined X% share of total exports. Ecuador, Chile and Venezuela lagged somewhat behind, together comprising a further X%.

Venezuela, with a CAGR of X%, recorded 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 2023, the export price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, recorded a mild decline. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced mixed trends in the export price figures.

Vegetable Imports

Imports in MERCOSUR

In 2023, the amount of vegetables imported in MERCOSUR contracted to X tons, shrinking by X% on the year before. Over the period under review, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, vegetable imports reduced slightly to $X in 2023. In general, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Brazil (X tons), distantly followed by Colombia (X tons), Chile (X tons), Paraguay (X tons), Peru (X tons) and Venezuela (X tons) represented the largest importers of vegetables, together achieving X% of total imports. Ecuador (X tons) took a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Colombia ($X) and Peru ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Chile, Ecuador, Venezuela and Paraguay lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Paraguay, with a CAGR of X%, 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

In 2023, the import price in MERCOSUR amounted to $X per ton, approximately reflecting the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Ecuador ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform