Latin America and the Caribbean: Dried Prune Market 2024

Dried Prune Market Size in Latin America and the Caribbean

The Latin American dried prune market expanded significantly to $X in 2023, rising by X% against the previous year. The total consumption indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. 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. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Dried Prune Production in Latin America and the Caribbean

In value terms, dried prune production rose rapidly 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs in 2023 and is expected to retain growth in the near future.

Dried Prune Exports

Exports in Latin America and the Caribbean

In 2023, the amount of dried prunes exported in Latin America and the Caribbean shrank slightly to X tons, remaining stable against the previous year's figure. In general, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2022 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, dried prune exports expanded slightly to $X in 2023. Total exports indicated notable 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Exports by Country

Chile represented the largest exporter of dried prunes in Latin America and the Caribbean, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by Argentina (X tons), creating a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to dried prune exports from Chile stood at X%. Argentina (X%) illustrated a downward trend over the same period. Chile (X p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) remains the largest dried prune supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2023 and is likely to see gradual growth in the immediate term.

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

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

Dried Prune Imports

Imports in Latin America and the Caribbean

In 2023, purchases abroad of dried prunes was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, continue to indicate a slight slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, dried prune imports shrank to $X in 2023. Total imports indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Brazil represented the major importer of dried prunes in Latin America and the Caribbean, with the volume of imports recording X tons, which was approx. X% of total imports in 2023. Mexico (X tons) took the second position in the ranking, followed by Chile (X tons). All these countries together took near X% share of total imports. Colombia (X tons), Peru (X tons), Guatemala (X tons), the Dominican Republic (X tons) and Ecuador (X tons) held a relatively small share of total imports.

Imports into Brazil decreased at an average annual rate of X% from 2012 to 2023. At the same time, Chile (X%), Guatemala (X%) and the Dominican Republic (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Colombia and Ecuador experienced a relatively flat trend pattern. By contrast, Peru (X%) and Mexico (X%) illustrated a downward trend over the same period. While the share of Chile (X p.p.), Guatemala (X p.p.) and the Dominican Republic (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Mexico ($X) and Colombia ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. Peru, the Dominican Republic, Chile, Guatemala and Ecuador lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Chile, with a CAGR of X%, saw the highest rates of growth with regard to 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 2023, the import price in Latin America and the Caribbean amounted to $X per ton, falling by X% against the previous year. Import price indicated a measured expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform