Latin America and the Caribbean: Leek Market 2024

Leek Market Size in Latin America and the Caribbean

The Latin American leek market contracted slightly to $X in 2023, almost unchanged from the previous year. The total consumption indicated pronounced 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, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Leek Production in Latin America and the Caribbean

In value terms, leek production shrank to $X in 2023 estimated in export price. Overall, production recorded a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2023 were Peru (X tons), Mexico (X tons) and the Dominican Republic (X tons), with a combined X% share of total production.

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

The average leek yield totaled X tons per ha in 2023, leveling off at 2022 figures. In general, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by X% against the previous year. Over the period under review, the leek yield reached the peak level 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 harvested area of leeks and other alliaceous vegetables in Latin America and the Caribbean expanded to X ha, surging by X% against 2022 figures. Overall, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to leek production reached the maximum at X ha in 2021; however, from 2022 to 2023, the harvested area failed to regain momentum.

Leek Exports

Exports in Latin America and the Caribbean

In 2023, shipments abroad of leeks and other alliaceous vegetables decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, exports, however, saw a mild expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2022, and then contracted in the following year.

In value terms, leek exports surged to $X in 2023. In general, exports, however, posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico was the key exporting country with an export of about X tons, which finished at X% of total exports. The Dominican Republic (X tons) ranks second in terms of the total exports with a X% share, followed by Guatemala (X%).

Mexico experienced a relatively flat trend pattern with regard to volume of exports of leeks and other alliaceous vegetables. At the same time, the Dominican Republic (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Guatemala (X%) illustrated a downward trend over the same period. While the share of the Dominican Republic (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Guatemala (X p.p.) and Mexico (X p.p.) displayed negative dynamics.

In value terms, the largest leek supplying countries in Latin America and the Caribbean were Mexico ($X), the Dominican Republic ($X) and Guatemala ($X), together accounting for X% of total exports.

The Dominican Republic, with a CAGR of X%, saw the highest growth rate of 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

The export price in Latin America and the Caribbean stood at $X per ton in 2023, jumping by X% against the previous year. Overall, the export price recorded a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Leek Imports

Imports in Latin America and the Caribbean

In 2023, purchases abroad of leeks and other alliaceous vegetables increased by X% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a buoyant increase from 2012 to 2023: its volume 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 increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, leek imports amounted to $X in 2023. Total imports indicated buoyant 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The level of import peaked in 2023 and is likely to see gradual growth in the immediate term.

Imports by Country

Haiti prevails in imports structure, reaching X tons, which was near X% of total imports in 2023. It was distantly followed by Aruba (X tons), Jamaica (X tons), Honduras (X tons) and El Salvador (X tons), together committing a X% share of total imports. Antigua and Barbuda (X tons) and Grenada (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to leek imports into Haiti stood at X%. At the same time, Honduras (X%), Grenada (X%), Antigua and Barbuda (X%), Jamaica (X%) and Aruba (X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, El Salvador (X%) illustrated a downward trend over the same period. Haiti (X p.p.), Honduras (X p.p.), Antigua and Barbuda (X p.p.) and Grenada (X p.p.) significantly strengthened its position in terms of the total imports, while Aruba and El Salvador saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Haiti ($X) constitutes the largest market for imported leeks and other alliaceous vegetables in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Aruba ($X), with a X% share of total imports. It was followed by Honduras, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Haiti stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Aruba (X% per year) and Honduras (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2023, almost unchanged from the previous year. Import price indicated a mild expansion from 2012 to 2023: its price 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, leek import price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Aruba ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform