Latin America and the Caribbean: Melon Seed Market 2024

Melon Seed Market Size in Latin America and the Caribbean

In 2023, the Latin American melon seed market increased by X% to $X, rising for the fourth year in a row after two years of decline. In general, consumption, however, posted a buoyant expansion. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market remained at a lower figure.

Melon Seed Production in Latin America and the Caribbean

In value terms, melon seed production dropped rapidly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded noticeable growth. The growth pace was the most rapid in 2022 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then shrank sharply in the following year.

The country with the largest volume of melon seed production was Mexico (X tons), accounting for X% of total volume. Moreover, melon seed production in Mexico exceeded the figures recorded by the second-largest producer, Peru (X tons), more than tenfold.

In Mexico, melon seed production plunged by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Peru (X% per year) and Chile (X% per year).

In 2023, the average melon seed yield in Latin America and the Caribbean fell slightly to X tons per ha, approximately mirroring 2022 figures. In general, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by X% against the previous year. Over the period under review, the melon seed yield reached the peak level at X tons per ha in 2015; however, from 2016 to 2023, the 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, the melon seed harvested area in Latin America and the Caribbean stood at X ha, remaining relatively unchanged against the previous year. In general, the harvested area showed a mild downturn. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2023, the harvested area remained at a lower figure.

Melon Seed Exports

Exports in Latin America and the Caribbean

In 2023, shipments abroad of melon seed was finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. In general, exports recorded a strong increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, melon seed exports soared to $X in 2023. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Peru represented the key exporting country with an export of around X tons, which finished at X% of total exports. Brazil (X tons) ranks second in terms of the total exports with a X% share, followed by Honduras (X%) and Chile (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Brazil (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) remains the largest melon seed supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

In Peru, melon seed exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Chile (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price showed a slight curtailment. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

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

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

Melon Seed Imports

Imports in Latin America and the Caribbean

For the third consecutive year, LatAmerica and the Caribbean recorded growth in supplies from abroad of melon seed, which increased by X% to X tons in 2023. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are likely to continue growth in the near future.

In value terms, melon seed imports surged to $X in 2023. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2013 with an increase of X%. The level of import peaked in 2023 and is likely to see steady growth in the immediate term.

Imports by Country

In 2023, Brazil (X tons) and Honduras (X tons) were the major importers of melon seed in Latin America and the Caribbean, together accounting for near X% of total imports. It was distantly followed by Jamaica (X tons), Guatemala (X tons), Colombia (X tons) and Chile (X tons), together making up a X% share of total imports. Ecuador (X tons) took a little share of total imports.

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

In value terms, the largest melon seed importing markets in Latin America and the Caribbean were Brazil ($X), Guatemala ($X) and Honduras ($X), with a combined X% share of total imports.

Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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, shrinking by X% against the previous year. Import price indicated a strong increase 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, melon seed import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

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 Guatemala ($X,249 per ton), while Jamaica ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform