MERCOSUR: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in MERCOSUR

The MERCOSUR lettuce and chicory market expanded notably to $X in 2023, picking up by X% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Lettuce And Chicory Production in MERCOSUR

In value terms, lettuce and chicory production rose notably to $X in 2023 estimated in export price. The total production indicated prominent growth from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2023 were Colombia (X tons), Chile (X tons) and Venezuela (X tons), with a combined X% share of total production.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Venezuela (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2023, the average lettuce and chicory yield in MERCOSUR shrank modestly to X tons per ha, approximately mirroring 2022. Overall, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2023, 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 2023, approx. X ha of lettuce and chicory were harvested in MERCOSUR; waning by X% compared with 2022 figures. The harvested area increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2019 to 2023, the growth of the lettuce and chicory harvested area remained at a lower figure.

Lettuce And Chicory Exports

Exports in MERCOSUR

In 2023, shipments abroad of lettuce and chicory increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2022 when exports increased by X%. The volume of export peaked in 2023 and is likely to continue growth in years to come.

In value terms, lettuce and chicory exports skyrocketed to $X in 2023. In general, exports, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Argentina dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by Brazil (X tons), achieving an X% share of total exports. Peru (X tons) took a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to lettuce and chicory exports from Argentina stood at X%. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Peru (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Argentina and Brazil increased by X and X percentage points, respectively.

In value terms, Argentina ($X), Brazil ($X) and Peru ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, Brazil, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, shrinking by X% against the previous year. In general, the export price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the export price figures.

Lettuce And Chicory Imports

Imports in MERCOSUR

In 2023, the amount of lettuce and chicory imported in MERCOSUR surged to X tons, with an increase of X% on the previous year's figure. In general, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The volume of import peaked in 2023 and is expected to retain growth in the near future.

In value terms, lettuce and chicory imports expanded remarkably to $X in 2023. Overall, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of X%. The level of import peaked in 2023 and is likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons) and Paraguay (X tons) dominates imports structure, together achieving X% of total imports. The following importers - Guyana (X tons) and Suriname (X tons) - each accounted for a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

Guyana, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in MERCOSUR stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the import price continues to indicate a abrupt descent. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform