Not further prepared dried vegetables market in South America

Earlier Report Observations

The market volume for not further prepared dried vegetables in South America expanded significantly from 41 560 t in 2018 to 54 985 t in 2020. This period laid the foundation for subsequent market developments, with a notable surge in 2020.

Market volume adjusted to 49 415 t in 2021, a year which saw production capabilities strengthened by specialized players such as Argentina's ARIES S.A., which diversified its output into various dehydrated formats. The market recovered to 54 099 t in 2022, primarily driven across Latin America by rising consumer preference for healthy, long-shelf-life foods and the convenience offered by dehydrated vegetables for fast-paced lifestyles. Growth stabilized in 2023, with volume reaching 54 382 t, supported by the dynamic expansion of convenient powder and granule segments and sustained demand for nutritious, easy-to-store food products.

Production not further prepared dried vegetables in South America

In kind, 2017-2020, t

Top producers of not further prepared dried vegetables, 2017-2020

World map of production of not further prepared dried vegetables, 2017-2020

South America's production of not further prepared dried vegetables rebounded in 2020 after a two-year decline. Output reached 12 896 tonnes, marking a 6.5% increase from the previous year. The lowest production level was recorded in 2019 at 12 109 tonnes, which represented a 5.9% decrease from the prior year.

Annual dynamics of production in South America in kind, 2017-2020, t

In value, 2017-2020, M $ US

In 2020, the value of not further prepared dried vegetables production in South America stood at 126.5 million US dollars, a significant 32.0% rise compared to 2019. The lowest value was recorded in 2019 at 95.9 million US dollars, which was 26.4% lower than the peak of 130.2 million US dollars reached in 2018.

Annual dynamics of production in South America in value, 2017-2020, M $ US

Exports not further prepared dried vegetables from South America

Exports in kind, t

Exports of not further prepared dried vegetables from South America declined sharply in 2020, falling to 2 949 tonnes. This represented a 27.6% contraction compared to 2019. The lowest export volume was recorded in 2018 at 2 729 tonnes, while the peak occurred in 2019 with 4 071 tonnes, marking a 49.2% increase from the previous year.

Annual dynamics of product's exports from South America in kind, 2017-2020, t

Between 2017 and 2020, the United States (11.1% of export volume), Germany (9.6%), and Costa Rica (3.6%) were significant buyers of not further prepared dried vegetables from South America. However, their combined share accounted for just 24.3% of total exports, with the remaining 75.7% distributed among numerous other trading partners.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from South America in kind, 2017-2020

Exports in value, M $ US

The value of not further prepared dried vegetables exports from South America decreased to 28.9 million US dollars in 2020, down 10.2% from the previous year. The lowest value was recorded in 2018 at 27.6 million US dollars, while the peak occurred in 2019 with 32.2 million US dollars, representing a 16.7% increase from 2018.

Annual dynamics of product's exports from South America in value, 2017-2020, M $ US

From 2017 to 2020, Germany (27.7% of export value), the United States (19.7%), and France (9.9%) remained the primary buyers of not further prepared dried vegetables from South America. Together, these three markets accounted for 57.3% of total export value during this period.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from South America in value, 2017-2020

Imports not further prepared dried vegetables to South America

Imports in kind, t

Imports of not further prepared dried vegetables into South America grew for the second consecutive year in 2020, reaching 45 038 tonnes. This represented a substantial 33.7% increase compared to 2019. Over the 2017-2020 period, imports expanded by 40.3%, with a compound annual growth rate of 11.9%. The lowest import volume was recorded in 2018 at 31 425 tonnes, which marked a 2.1% decline from the previous year.

Annual dynamics of product's imports to South America in kind, 2017-2020, t

Between 2017 and 2020, China (48.9% of import volume), India (19.0%), and the United States (6.4%) continued to be the main suppliers of not further prepared dried vegetables to South America. Collectively, these three countries accounted for 74.3% of total imports during this period.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to South America in kind, 2017-2020

Imports in value, M $ US

The value of not further prepared dried vegetables imports into South America increased for the second straight year in 2020, reaching 95.4 million US dollars. This represented a 24.4% rise compared to the previous year. However, over the 2017-2020 period, import value actually decreased by 12.7%, with a compound annual growth rate of -4.4%. The lowest value was recorded in 2018 at 75.3 million US dollars, which marked a significant 31.1% decline from the previous year.

Annual dynamics of product's imports to South America in value, 2017-2020, M $ US

Throughout 2017-2020, China (54.1% of import value), India (13.8%), and the United States (10.0%) remained the dominant sources for not further prepared dried vegetables imports into South America. Together, these three markets accounted for 77.9% of total import value during this period.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to South America in value, 2017-2020