How Have the Trade and Exotic Fruit Market Changed Between 2019?

Tropical exotic fruits market are an increasingly popular food and agriculture sector expected to grow upwards of 2% annually during the next several years, particularly due to sales in North American and European markets. Analysts have carried out research on the changes in prices for tropical exotic fruit and vegetables.

The main tropical exotic fruits that currently dominate global trade within this sector are avocados, bananas, pineapples, mangoes, and papaya. However, up and coming tropical exotic fruits, whose demand is increasing in western markets, include dragon fruit or pitaya, naranjilla or lulo, lychees, durian, rambutan, guavas, passion fruit, sapodilla, mamey sapote, and jackfruit, amongst others.

In the specific case of tropical exotic fruit sold into markets in the United States, more than 50% of this sector is dominated by imports from Mexico. For instance, Mexico sold US$1.1 billion worth of avocados to the United States in 2014, which then increased to US$1.5 billion by 2016. Likewise, Mexico exported US$246 million in guavas and mangoes, both fresh and dried, towards the United States in 2014, which then increased to US$360 million during 2016. Lastly, Mexico sold about US$123 million worth of fresh and dried bananas to the United States in 2014, amount that increased to US$133 million in 2016.

In the specific case of Colombia, the country has become South America’s leading exporter of exotic tropical fruits in recent years. On average, Colombia exports some US$50 million worth of exotic tropical fruits annually. The leading exotic fruits exported are gooseberry, representing close to US$20 million annually; gulupa, with approximately US$7 million; and processed guava products, such as jelly, representing more than US$5 million annually.

Another tropical and semi-tropical fruit category that represents a massive global market is citrus. During 2015, the international trade of citrus accounted for US$12.7 billion. Interestingly, both the largest importer and exporter of citrus products are the nations of the European continent. In 2015, European countries exported almost US$5 billion worth of citrus products (including intra-European trade), which accounted for 39% of the global citrus trade that year. Similarly, European nations purchased some US$8 billion worth of citrus imports that same year, which represented a staggering 63% of the overall citrus trade.

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