MERCOSUR: Vegetable Product Market 2024

Vegetable Product Market Size in MERCOSUR

The MERCOSUR vegetable product market rose modestly to $X.1B in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X.1B in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Vegetable Product Production in MERCOSUR

In value terms, vegetable product production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X.9B in 2015; however, from 2016 to 2022, production remained at a lower figure.

Brazil (X tons) constituted the country with the largest volume of vegetable product production, comprising approx. X% of total volume. Moreover, vegetable product production in Brazil exceeded the figures recorded by the second-largest producer, Colombia (X tons), more than tenfold.

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

In 2022, the average vegetable product yield in MERCOSUR expanded modestly to X tons per ha, increasing by X% compared with the year before. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. The level of yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of vegetable products were harvested in MERCOSUR; dropping by X% compared with the previous year's figure. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to vegetable product production reached the peak figure at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Vegetable Product Exports

Exports in MERCOSUR

Vegetable product exports reduced sharply to X tons in 2022, with a decrease of X% against 2021. In general, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, vegetable product exports reduced sharply to $X in 2022. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil represented the largest exporter of vegetable products in MERCOSUR, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Argentina (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Paraguay (X%) and Peru (X%). Chile (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Brazil (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Brazil ($X) emerged as the largest vegetable product supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Paraguay ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Paraguay (X% per year) and Argentina (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, showed a perceptible slump. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the other leaders experienced mixed trends in the export price figures.

Vegetable Product Imports

Imports in MERCOSUR

In 2022, purchases abroad of vegetable products 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 continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable product imports contracted to $X in 2022. In general, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

Chile (X tons) and Paraguay (X tons) represented roughly X% of total imports in 2022. Argentina (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (X%), Colombia (X%) and Peru (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Paraguay (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Paraguay ($X) and Brazil ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Paraguay, with a CAGR of X%, recorded 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 MERCOSUR amounted to $X per ton, picking up by X% against the previous year. Overall, the import price continues to indicate strong growth. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform

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