Papaya Market - Mexico’s Papaya Exports Increased by 30% in 2014

Tropical And Subtropical Fruits September 27, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

papaya market

With the help of a robust increase in exports in 2014, Mexico continued its dominance in the global papaya trade. In 2014, Mexico exported 131 thousand tonnes of papaya totaling 87 million USD, 30% over the previous year. Its primary trading partner on the global papaya market was the U.S., where it supplied essentially all of its total papaya exports in value terms, accounting for 82% of the U.S. total imports.

Overall, the global papaya trade reached 254 million USD, with a CAGR of 5% from 2007 to 2014. In physical terms, it showed mixed dynamics, but ultimately grew from 277 thousand tonnes in 2007 to 301 thousand tonnes in 2014.

In 2014, the U.S. was the leading destination of papaya imports (37%). It was followed by Germany (10%), Canada (8%), the Netherlands (6%) and Portugal (6%). These Top-5 destinations of papaya imports together made up 67% of global imports. The share of Germany increased (+2 percentage points), while the share of the Netherlands illustrated minor negative dynamics (-1 percentage points).

Brazil and the U.S. were among the other main global suppliers of papaya in 2014 with a combined share of 28% of global exports. However, the fastest growing exporters from 2007 to 2014 were Guatemala (+33% per year) and China (+17% per year). Still, Mexico was able to strengthen its position in the global export structure, from 29% in 2007 to 34% in 2014.

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Source: World: Papayas - Market Report. Analysis And Forecast To 2020