Global Papaya Market 2024

Papaya Market Size

The global papaya market fell to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the global market failed to regain momentum.

Papaya Production

In value terms, papaya production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Global production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

India (X tons) remains the largest papaya producing country worldwide, comprising approx. X% of total volume. Moreover, papaya production in India exceeded the figures recorded by the second-largest producer, Brazil (X tons), fivefold. The Dominican Republic (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in India was relatively modest. In the other countries, the average annual rates were as follows: Brazil (X% per year) and the Dominican Republic (X% per year).

In 2022, the global average papaya yield dropped to X tons per ha, flattening at the previous year's figure. Overall, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the average papaya yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global papaya harvested area was estimated at X ha in 2022, almost unchanged from the year before. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to papaya production reached the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

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Papaya Exports

Exports

For the fourth year in a row, the global market recorded growth in overseas shipments of papayas, which increased by X% to X tons in 2022. In general, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, papaya exports declined modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the global exports hit record highs at $X in 2021, and then dropped slightly in the following year.

Exports by Country

Mexico represented the major exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by Guatemala (X tons) and Brazil (X tons), together committing a X% share of total exports. The following exporters - Malaysia (X tons), Sri Lanka (X tons), the United States (X tons), India (X tons), China (X tons) and Spain (X tons) - together made up X% of total exports.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Sri Lanka (X%), Spain (X%), Guatemala (X%), China (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. The United States experienced a relatively flat trend pattern. By contrast, Malaysia (X%) and India (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, Guatemala and Sri Lanka increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest papaya supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Brazil ($X), with a X% share of global exports. It was followed by Guatemala, with a X% share.

In Mexico, papaya exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Guatemala (X% per year).

Export Prices by Country

In 2022, the average papaya export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. The global export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

Papaya Imports

Imports

For the fourth year in a row, the global market recorded growth in purchases abroad of papayas, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, papaya imports contracted modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, global imports attained the maximum at $X in 2021, and then dropped modestly in the following year.

Imports by Country

The United States prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. Singapore (X tons) ranks second in terms of the total imports with a X% share, followed by Canada (X%), the United Arab Emirates (X%) and El Salvador (X%). Portugal (X tons), Germany (X tons), South Africa (X tons), Nepal (X tons) and Spain (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to papaya imports into the United States stood at X%. At the same time, South Africa (X%), the United Arab Emirates (X%), Nepal (X%), Portugal (X%), El Salvador (X%), Germany (X%), Spain (X%) and Canada (X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), South Africa (X p.p.) and Nepal (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported papayas worldwide, comprising X% of global imports. The second position in the ranking was taken by Portugal ($X), with an X% share of global imports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled X%. In the other countries, the average annual rates were as follows: Portugal (X% per year) and Germany (X% per year).

Import Prices by Country

The average papaya import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by X%. Global import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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