Peaches and nectarines market in Latin America and the Caribbean

Earlier Report Observations

The market volume for peaches and nectarines in Latin America and the Caribbean showed volatility between 2018 and 2023, declining from 1 141 thousand tonnes in 2018 to 973 thousand tonnes in 2020 before recovering to 1 139 thousand tonnes in 2021 and stabilizing around 1 140 thousand tonnes in the following two years.

Agricultural technification advanced in key producing countries like Chile, where efficient logistics and modern practices enhanced export competitiveness. At the same time, rising consumer spending and a shift toward healthier eating habits bolstered demand for fresh fruit, including peaches and nectarines.

The recovery of intraregional trade and the expansion of retail food networks improved distribution and sales. Leading exporters such as Mexico and Chile strengthened their market presence, benefiting from a favorable environment for agro-exports.

Production peaches and nectarines in Latin America and the Caribbean

In kind, 2017-2020, K t

Top producers of peaches and nectarines, 2017-2020

World map of production of peaches and nectarines, 2017-2020

Peach and nectarine production in Latin America and the Caribbean has declined for the third year in a row. In 2020, the region produced 1 012 thousand tonnes, marking a moderate year-over-year decrease of 8.4%. Looking at the period from 2017 to 2020, production fell by 17.1%, which translates to an average annual decline of 6.1%.

Annual dynamics of production in Latin America and the Caribbean in kind, 2017-2020, K t

In value, 2017-2020, M $ US

The value of peach and nectarine production in Latin America and the Caribbean dropped for the second consecutive year. In 2020, output was valued at 1 741 million US dollars, representing a 15.3% decrease compared to the previous year. From 2017 to 2020, production value declined by 16.1%, with a compound annual growth rate of -5.7%. The highest value was recorded in 2018 at 2 154 million US dollars, which also saw the largest increase of 3.8% that year.

Annual dynamics of production in Latin America and the Caribbean in value, 2017-2020, M $ US

Exports peaches and nectarines from Latin America and the Caribbean

Exports in kind, t

Cross-border shipments of peaches and nectarines from Latin America and the Caribbean have increased for the third consecutive year. In 2020, exports reached 84 727 tonnes, showing a gradual rise of 5.3% compared to the previous year. Over the period from 2017 to 2020, exports grew by 28.5%, with a compound annual growth rate of 8.7%.

Annual dynamics of product's exports from Latin America and the Caribbean in kind, 2017-2020, t

From 2017 to 2020, the United States, China, and the Netherlands were the main markets for peach and nectarine exports in kind from Latin America and the Caribbean. The United States accounted for 34.7% of exports, China for 17.1%, and the Netherlands for 5.1%. Together, these three countries represented 56.8% of total export flows.

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

World map of product's exports from Latin America and the Caribbean in kind, 2017-2020

Exports in value, M $ US

After rising for two years, peach and nectarine exports from Latin America and the Caribbean declined in 2020. The region exported 145.8 million US dollars worth of peaches and nectarines that year, down by 2.7% from the previous year. Between 2017 and 2020, exports increased by 30.1%, equating to an annualized growth rate of 9.2%. The peak value was recorded in 2019 at 149.8 million US dollars, while the largest increase occurred in 2018 with a jump of 31.4%.

Annual dynamics of product's exports from Latin America and the Caribbean in value, 2017-2020, M $ US

Throughout 2017 to 2020, the United States, China, and the Netherlands were the leading destinations for peach and nectarine exports in value terms from Latin America and the Caribbean. The United States held a 36.0% share, China 19.2%, and the Netherlands 5.2%. Combined, these three markets accounted for 60.4% of total export value.

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

World map of product's exports from Latin America and the Caribbean in value, 2017-2020

Imports peaches and nectarines to Latin America and the Caribbean

Imports in kind, t

In 2020, foreign supplies of peaches and nectarines to Latin America and the Caribbean amounted to 46 100 tonnes, which is 38.1% lower than the previous year. Between 2017 and 2020, imports decreased by 22.4%, with an annualized decline rate of 8.1%. The highest import volume was recorded in 2019 at 74 438 tonnes, which also saw the largest increase of 28.4% that year.

Annual dynamics of product's imports to Latin America and the Caribbean in kind, 2017-2020, t

From 2017 to 2020, the United States and Spain were the largest sources for peach and nectarine imports in kind to Latin America and the Caribbean, together accounting for 55.3% of total import flows.

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

World map of product's imports to Latin America and the Caribbean in kind, 2017-2020

Imports in value, M $ US

The value of imported peaches and nectarines in Latin America and the Caribbean declined for the second year in a row. In 2020, import volume totaled 75.9 million US dollars, which is 22.1% lower than the previous year. Over the period from 2017 to 2020, imports decreased by 6.9%, with a compound annual growth rate of -2.4%. The maximum value was recorded in 2018 at 97.5 million US dollars, which also experienced the largest increase of 19.6% that year.

Annual dynamics of product's imports to Latin America and the Caribbean in value, 2017-2020, M $ US

Throughout 2017 to 2020, the United States and Spain played central roles in peach and nectarine imports in value terms to Latin America and the Caribbean, jointly representing 59.0% of total import flows.

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

World map of product's imports to Latin America and the Caribbean in value, 2017-2020