Treenuts market in Latin America and the Caribbean

Earlier Report Observations

The Latin American treenuts market volume fluctuated between 2018 and 2023, declining to 636 thousand tonnes in 2019 before a recovery led to a peak of 903 thousand tonnes in 2022.

In 2023, market volume fell to 767 thousand tonnes, largely due to adverse climate events such as El Niño, which reduced global nut production by impairing pollination and yields in major producing countries including Argentina and Brazil.

During this period, the market also saw significant developments like the opening of new export markets for pecans to China and Israel, the adoption of GlobalG.A.P. certification by Argentine producers, and rising consumer demand for healthy, functional foods, which supported market diversification and value.

Production treenuts in Latin America and the Caribbean

In kind, 2017-2020, K t

Top producers of treenuts, 2017-2020

World map of production of treenuts, 2017-2020

In Latin America and the Caribbean, treenuts production reached 895.7 thousand tons in 2020, marking a 2.3% increase from the previous year. Looking at the period from 2017 to 2020, production grew by 15.1%, which translates to an average annual growth rate of 4.8%. The most significant production decline occurred in 2019, with a drop of 0.9%, while the largest increase was recorded in 2018 at 13.5%.

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

In value, 2017-2020, M $ US

Treenuts production in Latin America and the Caribbean experienced a decline for the second year in a row. In 2020, the output was valued at 4 340 million US dollars, representing a 1.6% decrease compared to the previous year. Over the period from 2017 to 2020, production fell by 2.6%, averaging an annual decline of 0.9%. The highest value was achieved in 2018 at 5 371 million US dollars. The most substantial decrease occurred in 2019 with a 17.9% drop, while the largest increase was seen in 2018 at 20.6%.

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

Exports treenuts from Latin America and the Caribbean

Exports in kind, K t

Following two consecutive years of growth, treenuts export volumes from Latin America and the Caribbean decreased. In 2020, exports stood at 334.3 thousand tons, reflecting a 13.4% reduction from the prior year. Between 2017 and 2020, exports overall increased by 16.2%, equating to an average annual growth rate of 5.1%. The peak volume was recorded in 2019 at 385.9 thousand tons, which also saw the largest increase of 23.0%.

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

From 2017 to 2020, the United States, Italy, and Turkey were the leading destinations for treenuts exports in kind from Latin America and the Caribbean. The United States accounted for 40.3% of exports, Italy for 7.5%, and Turkey for 6.1%. Together, these three countries represented 53.8% 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 a two-year upward trend, treenuts export shipments from Latin America and the Caribbean declined. In 2020, export volume reached 1 620 million US dollars, showing a 16.7% decrease year-over-year. The highest value was recorded in 2019 at 1 944 million US dollars, while the largest increase occurred in 2018 with a 15.8% rise.

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

Throughout the period from 2017 to 2020, the United States, Italy, and Germany formed the key group of partners for treenuts exports in value terms from Latin America and the Caribbean. The United States represented 43.2% of exports, Italy 8.9%, and Germany 6.0%. Collectively, these three countries accounted for 58.0% of total export flows.

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 treenuts to Latin America and the Caribbean

Imports in kind, K t

In 2020, treenuts imports into Latin America and the Caribbean amounted to 155.0 thousand tons, representing a 6.1% increase from the previous year. Over the period from 2017 to 2020, imports grew by 7.3%, with a compound annual growth rate of 2.4%. The most significant decline was recorded in 2019, with a drop of 4.3%.

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

From 2017 to 2020, the United States, Indonesia, and the Philippines were the largest suppliers of treenuts to Latin America and the Caribbean in kind. The United States accounted for 48.4% of imports, Indonesia for 8.4%, and the Philippines for 6.2%. Together, these three countries comprised 63.1% of total imports.

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

In 2020, treenuts import volumes into Latin America and the Caribbean reached 642 million US dollars, showing a modest rise of 9.7% from the previous year. Between 2017 and 2020, imports increased by 4.8%, averaging an annual growth rate of 1.6%. The lowest value was recorded in 2019 at 586 million US dollars, while the highest was in 2018 at 706 million US dollars. The largest decline occurred in 2019 with a 17.0% drop, and the largest increase was in 2018 at 15.2%.

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

Over the period from 2017 to 2020, the United States, Turkey, and the Philippines were the main suppliers of treenuts to Latin America and the Caribbean in value terms. The United States represented 57.8% of imports, Turkey 7.7%, and the Philippines 3.4%. Together, these three countries made up 68.9% of total imports.

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