Latin America and the Caribbean: Market for Tree, flower and other seeds, fruits and spores for sowing 2024

Market Size for Tree, flower and other seeds, fruits and spores for sowing in Latin America and the Caribbean

In 2022, the Latin American market for tree, flower and other seeds, fruits and spores for sowing increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption continues to indicate a prominent increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Tree, flower and other seeds, fruits and spores for sowing in Latin America and the Caribbean

In value terms, production of tree, flower and other seeds, fruits and spores for sowing dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Tree, flower and other seeds, fruits and spores for sowing

Exports in Latin America and the Caribbean

In 2022, after three years of growth, there was significant decline in shipments abroad of tree, flower and other seeds, fruits and spores for sowing, when their volume decreased by X% to X tons. In general, exports recorded a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports of attained the maximum at X tons in 2021, and then declined remarkably in the following year.

In value terms, exports of tree, flower and other seeds, fruits and spores for sowing fell modestly to $X in 2022. Over the period under review, exports continue to indicate a slight descent. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports of reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Nicaragua (X tons), distantly followed by Peru (X tons), Honduras (X tons), Brazil (X tons), Costa Rica (X tons) and El Salvador (X tons) were the major exporters of tree, flower and other seeds, fruits and spores for sowing, together creating X% of total exports. Mexico (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 leading exporting countries, was attained by Honduras (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) remains the largest tree, flower and other seeds, fruits and spores for sowing supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Honduras ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

In Peru, exports of tree, flower and other seeds, fruits and spores for sowing expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Honduras (X% per year) and Brazil (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price continues to indicate resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Imports of Tree, flower and other seeds, fruits and spores for sowing

Imports in Latin America and the Caribbean

Imports of tree, flower and other seeds, fruits and spores for sowing rose rapidly to X tons in 2022, surging by X% against the year before. Overall, imports saw a tangible increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of tree, flower and other seeds, fruits and spores for sowing amounted to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico dominates sowing structure, reaching X tons, which was near X% of total imports in 2022. Chile (X tons) took the second position in the ranking, followed by El Salvador (X tons), Guatemala (X tons) and Colombia (X tons). All these countries together held near X% share of total imports. The following importers - Peru (X tons) and Costa Rica (X tons) - each resulted at a X% share of total imports.

Mexico was also the fastest-growing in terms of the tree, flower and other seeds, fruits and spores for sowing imports, with a CAGR of X% from 2012 to 2022. At the same time, El Salvador (X%), Colombia (X%) and Guatemala (X%) displayed positive paces of growth. By contrast, Chile (X%), Costa Rica (X%) and Peru (X%) illustrated a downward trend over the same period. Mexico (X p.p.), El Salvador (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total imports, while Costa Rica, Peru and Chile saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported tree, flower and other seeds, fruits and spores for sowing in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total imports. It was followed by Costa Rica, with a X% share.

In Mexico, imports of tree, flower and other seeds, fruits and spores for sowing increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Guatemala (X% per year) and Costa Rica (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 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 Costa Rica ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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