Latin America and the Caribbean: Mixed Juices Market 2024

Mixed Juices Market Size in Latin America and the Caribbean

In 2023, the Latin American mixed juices market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption recorded a slight shrinkage. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Mixed Juices Production in Latin America and the Caribbean

In value terms, mixed juices production skyrocketed to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The level of production peaked at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Mixed Juices Exports

Exports in Latin America and the Caribbean

In 2023, shipments abroad of mixtures of fruit and vegetable juices decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, mixed juices exports surged to $X in 2023. Overall, exports, however, saw a mild increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in years to come.

Exports by Country

The Dominican Republic was the main exporter of mixtures of fruit and vegetable juices in Latin America and the Caribbean, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2023. Trinidad and Tobago (X tons) took the second position in the ranking, distantly followed by Guatemala (X tons), Mexico (X tons), Peru (X tons) and Brazil (X tons). All these countries together held near X% share of total exports. Costa Rica (X tons) took a minor share of total exports.

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

In value terms, the Dominican Republic ($X) remains the largest mixed juices supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports. It was followed by Trinidad and Tobago, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the Dominican Republic amounted to X%. In the other countries, the average annual rates were as follows: Peru (X% per year) and Trinidad and Tobago (X% per year).

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

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

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

Mixed Juices Imports

Imports in Latin America and the Caribbean

In 2023, imports of mixtures of fruit and vegetable juices in Latin America and the Caribbean fell notably to X tons, with a decrease of X% on the previous year's figure. Overall, imports showed a perceptible setback. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports remained at a lower figure.

In value terms, mixed juices imports dropped to $X in 2023. Over the period under review, imports saw a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of mixed juices imports in 2023 were Guyana (X tons), Panama (X tons), Jamaica (X tons), Chile (X tons), Curacao (X tons), Trinidad and Tobago (X tons), El Salvador (X tons), Barbados (X tons), Bahamas (X tons), Suriname (X tons), Guatemala (X tons) and Turks and Caicos Islands (X tons), together reaching X% of total import. Peru (X tons) followed a long way behind the leaders.

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

In value terms, the largest mixed juices importing markets in Latin America and the Caribbean were Chile ($X), Panama ($X) and Trinidad and Tobago ($X), with a combined X% share of total imports.

Chile, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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, with an increase of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of import peaked in 2023 and is likely to see steady growth in years to come.

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 ($X per ton), while Curacao ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform