Latin America and the Caribbean: Cauliflower And Broccoli Market 2024

Cauliflower And Broccoli Market Size in Latin America and the Caribbean

The Latin American cauliflower and broccoli market rose notably to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption, however, enjoyed a resilient increase. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Cauliflower And Broccoli Production in Latin America and the Caribbean

In value terms, cauliflower and broccoli production rose rapidly to $X in 2023 estimated in export price. Overall, production, however, posted a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Mexico (X tons) remains the largest cauliflower and broccoli producing country in Latin America and the Caribbean, accounting for X% of total volume. Moreover, cauliflower and broccoli production in Mexico exceeded the figures recorded by the second-largest producer, Ecuador (X tons), sixfold. Guatemala (X tons) ranked third in terms of total production with a X% share.

In Mexico, cauliflower and broccoli production increased at an average annual rate of X% over the period from 2012-2023. The remaining producing countries recorded the following average annual rates of production growth: Ecuador (X% per year) and Guatemala (X% per year).

In 2023, the average cauliflower and broccoli yield in Latin America and the Caribbean reduced notably to X tons per ha, with a decrease of X% against the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2022 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha, and then contracted markedly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of cauliflower and broccoli production in Latin America and the Caribbean shrank modestly to X ha, waning by X% compared with 2022 figures. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of harvested area peaked at X ha in 2018; however, from 2019 to 2023, the harvested area stood at a somewhat lower figure.

Cauliflower And Broccoli Exports

Exports in Latin America and the Caribbean

In 2023, after two years of growth, there was significant decline in shipments abroad of cauliflower and broccoli, when their volume decreased by X% to X tons. Overall, exports, however, showed strong growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2022, and then shrank dramatically in the following year.

In value terms, cauliflower and broccoli exports expanded markedly to $X in 2023. Over the period under review, exports, however, saw a prominent increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Exports by Country

Mexico represented the key exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Guatemala (X tons), mixing up an X% share of total exports.

Mexico was also the fastest-growing in terms of the cauliflower and broccoli exports, with a CAGR of X% from 2012 to 2023. Guatemala (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Mexico increased by X percentage points.

In value terms, Mexico ($X) remains the largest cauliflower and broccoli supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with an X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Mexico stood at X%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, rising by X% against the previous year. Export price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Guatemala stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%).

Cauliflower And Broccoli Imports

Imports in Latin America and the Caribbean

Cauliflower and broccoli imports reduced modestly to X tons in 2023, which is down by X% on 2022. Total imports indicated a tangible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, cauliflower and broccoli imports rose sharply to $X in 2023. In general, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in years to come.

Imports by Country

El Salvador (X tons) and Mexico (X tons) prevails in imports structure, together comprising X% of total imports. It was distantly followed by Barbados (X tons), achieving a X% share of total imports. Trinidad and Tobago (X tons) followed a long way behind the leaders.

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

In value terms, Mexico ($X), Barbados ($X) and El Salvador ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports.

In terms of the main importing countries, Barbados, 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

The import price in Latin America and the Caribbean stood at $X per ton in 2023, rising by X% against the previous year. Import price indicated a buoyant expansion from 2012 to 2023: its price 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, cauliflower and broccoli import price increased by X% against 2017 indices. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of import peaked in 2023 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform