Latin America and the Caribbean: Quince Market 2024

Quince Market Size in Latin America and the Caribbean

The Latin American quince market amounted to $X in 2022, standing approx. at the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Quince Production in Latin America and the Caribbean

In value terms, quince production rose slightly to $X in 2022 estimated in export price. The total production indicated a slight 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Argentina (X tons) constituted the country with the largest volume of quince production, comprising approx. X% of total volume. Moreover, quince production in Argentina exceeded the figures recorded by the second-largest producer, Peru (X tons), fivefold. The third position in this ranking was held by Mexico (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Argentina was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Peru (X% per year) and Mexico (X% per year).

The average quince yield declined modestly to X tons per ha in 2022, stabilizing at 2021. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2016 to 2022, the growth of the quince 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.

The quince harvested area totaled X ha in 2022, approximately mirroring the previous year. In general, the harvested area, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to quince production attained the peak figure at X ha in 2017; however, from 2018 to 2022, the harvested area stood at a somewhat lower figure.

Quince Exports

Exports in Latin America and the Caribbean

In 2022, the amount of quinces exported in Latin America and the Caribbean skyrocketed to X tons, increasing by X% on 2021. In general, exports, however, continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, quince exports reached $X in 2022. Over the period under review, exports, however, recorded a mild curtailment. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Chile (X tons) represented the key exporter of quinces in Latin America and the Caribbean, making up X% of total export.

Chile was also the fastest-growing in terms of the quinces exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Chile increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) also remains the largest quince supplier in Latin America and the Caribbean.

In Chile, quince exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to X% per year.

Quince Imports

Imports in Latin America and the Caribbean

In 2022, imports of quinces in Latin America and the Caribbean soared to X tons, growing by X% against 2021 figures. Overall, imports saw measured growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, quince imports surged to $X in 2022. In general, imports continue to indicate measured growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Dominican Republic (X tons) and Bahamas (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Brazil (X tons), constituting an X% share of total imports. Guatemala (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bahamas (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Bahamas ($X) constitutes the largest market for imported quinces in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by the Dominican Republic ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Bahamas amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: the Dominican Republic (X% per year) and Brazil (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a mild expansion 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. Based on 2022 figures, quince import price decreased by X% against 2018 indices. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bahamas ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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