Latin America and the Caribbean: Orange Market 2024

Orange Market Size in Latin America and the Caribbean

The Latin American orange market rose slightly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Orange Production in Latin America and the Caribbean

In value terms, orange production stood at $X in 2022 estimated in export price. The total production indicated a notable expansion 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 appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Brazil (X tons) remains the largest orange producing country in Latin America and the Caribbean, comprising approx. X% of total volume. Moreover, orange production in Brazil exceeded the figures recorded by the second-largest producer, Mexico (X tons), fourfold. The third position in this ranking was taken by Argentina (X tons), with a X% share.

In Brazil, orange production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Argentina (X% per year).

In 2022, the average yield of oranges in Latin America and the Caribbean contracted to X tons per ha, almost unchanged from the year before. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by X%. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2022, 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 2022, the orange harvested area in Latin America and the Caribbean shrank to X ha, therefore, remained relatively stable against 2021. In general, the harvested area recorded a mild descent. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Orange Exports

Exports in Latin America and the Caribbean

After two years of growth, shipments abroad of oranges decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, orange exports dropped markedly to $X in 2022. Total exports indicated a noticeable expansion 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. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined markedly in the following year.

Exports by Country

The biggest shipments were from Chile (X tons), Mexico (X tons), Nicaragua (X tons) and Argentina (X tons), together finishing at X% of total export. It was distantly followed by Uruguay (X tons), committing a X% share of total exports. The following exporters - Colombia (X tons) and Peru (X tons) - each resulted at a X% share of total exports.

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

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

In Chile, orange exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (X% per year) and Argentina (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, reducing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a 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 Chile ($X per ton), while Nicaragua ($X per ton) was amongst the lowest.

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

Orange Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of oranges decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then contracted rapidly in the following year.

In value terms, orange imports declined modestly to $X in 2022. Total imports indicated a strong 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 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped modestly in the following year.

Imports by Country

In 2022, Guatemala (X tons), distantly followed by Brazil (X tons), El Salvador (X tons), Mexico (X tons), Paraguay (X tons) and Costa Rica (X tons) were the main importers of oranges, together constituting X% of total imports. The Dominican Republic (X tons) held a relatively small share of total imports.

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

In value terms, Brazil ($X), Mexico ($X) and Costa Rica ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Dominican Republic, Guatemala, El Salvador and Paraguay lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Dominican Republic, with a CAGR of X%, saw the highest growth rate of 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 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a strong increase from 2012 to 2022: its price 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. The growth pace was the most rapid in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 Mexico (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :