MERCOSUR: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in MERCOSUR

The MERCOSUR lettuce and chicory market rose remarkably to $X in 2023, increasing by X% against the previous year. The total consumption indicated a strong expansion 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. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Lettuce And Chicory Production in MERCOSUR

In value terms, lettuce and chicory production expanded sharply to $X in 2023 estimated in export price. The total production indicated a remarkable 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

The countries with the highest volumes of production in 2023 were Colombia (X tons), Chile (X tons) and Venezuela (X tons), together accounting for X% of total production.

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

The average lettuce and chicory yield declined slightly to X tons per ha in 2023, remaining constant against 2022. In general, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2023, the 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.

In 2023, the lettuce and chicory harvested area in MERCOSUR shrank to X ha, waning by X% against 2022. 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 in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 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. Overall, exports recorded a strong expansion. The pace of growth was the most pronounced in 2022 when exports increased by X%. Over the period under review, the exports reached the maximum in 2023 and are likely to see gradual growth in years to come.

In value terms, lettuce and chicory exports surged to $X in 2023. Over the period under review, exports, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Argentina prevails in exports structure, recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by Brazil (X tons), making up an X% share of total exports. Peru (X tons) held a minor 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. Argentina (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Peru saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest lettuce and chicory supplying countries in MERCOSUR were Argentina ($X), Brazil ($X) and Peru ($X), together comprising X% of total exports.

Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries 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, reducing by X% against the previous year. Over the period under review, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, 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 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 skyrocketed to X tons, jumping by X% on the previous year's figure. In general, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked in 2023 and is likely to continue growth in the near future.

In value terms, lettuce and chicory imports surged to $X in 2023. Overall, imports saw a strong increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the near future.

Imports by Country

Brazil (X tons) and Paraguay (X tons) prevails in imports structure, together creating X% of total imports. Suriname (X tons) and Guyana (X tons) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Brazil (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lettuce and chicory importing markets in MERCOSUR were Brazil ($X), Paraguay ($X) and Guyana ($X), with a combined X% share of total imports.

Guyana, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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, shrinking by X% against the previous year. Overall, the import price recorded a abrupt descent. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, import prices attained the peak figure 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