MERCOSUR: Watermelon Market 2024

Watermelon Market Size in MERCOSUR

For the third consecutive year, the MERCOSUR watermelon market recorded growth in sales value, which increased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Watermelon Production in MERCOSUR

In value terms, watermelon production skyrocketed to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

The country with the largest volume of watermelon production was Brazil (X tons), comprising approx. X% of total volume. Moreover, watermelon production in Brazil exceeded the figures recorded by the second-largest producer, Colombia (X tons), ninefold. The third position in this ranking was held by Venezuela (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Venezuela (X% per year).

The average watermelon yield amounted to X tons per ha in 2023, surging by X% compared with 2022. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2023, the growth of the watermelon yield remained at a lower figure. 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 watermelons production in MERCOSUR expanded modestly to X ha, growing by X% against 2022. Over the period under review, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2019; however, from 2020 to 2023, the harvested area stood at a somewhat lower figure.

Watermelon Exports

Exports in MERCOSUR

In 2023, exports of watermelons in MERCOSUR expanded sharply to X tons, surging by X% compared with 2022 figures. Over the period under review, exports showed a strong expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, watermelon exports surged to $X in 2023. In general, exports showed resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. The level of export peaked in 2023 and is likely to continue growth in years to come.

Exports by Country

Brazil represented the key exporter of watermelons in MERCOSUR, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Peru (X tons), generating a X% share of total exports.

Brazil was also the fastest-growing in terms of the watermelons exports, with a CAGR of X% from 2012 to 2023. At the same time, Peru (X%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest watermelon supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports.

In Brazil, watermelon exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, rising by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Peru amounted to $X per ton.

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

Watermelon Imports

Imports in MERCOSUR

After two years of decline, overseas purchases of watermelons increased by X% to X tons in 2023. In general, imports recorded a tangible expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, watermelon imports reduced sharply to $X in 2023. Overall, imports enjoyed strong growth. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2023, imports failed to regain momentum.

Imports by Country

Chile represented the major importer of watermelons in MERCOSUR, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. Ecuador (X tons) held the second position in the ranking, distantly followed by Paraguay (X tons) and Argentina (X tons). All these countries together held near X% share of total imports.

Imports into Chile increased at an average annual rate of X% from 2012 to 2023. At the same time, Argentina (X%) and Paraguay (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Ecuador (X%) illustrated a downward trend over the same period. Chile (X p.p.), Paraguay (X p.p.) and Argentina (X p.p.) significantly strengthened its position in terms of the total imports, while Ecuador saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Chile ($X), Ecuador ($X) and Argentina ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Argentina, 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

In 2023, the import price in MERCOSUR amounted to $X per ton, dropping by X% against the previous year. Import price indicated a modest 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, watermelon import price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform