The South American oranges market is expected to register a CAGR of 2.8% during the forecast period. In South America, oranges are firstly used for juice production and secondarily for direct consumption. Brazil is the world's leading producer with 85% production share in South America. Argentina, Columbia, Paraguay, Chile, and Peru are some minor orange producing countries. South America is also one of the prominent orange trade partners. Brazil, Argentina, and Chile are the leading exporters, whereas Paraguay and Ecuador are the leading importers of the orange.
Key Market Trends
Brazilian Orange Drives the Food and Beverage Industry
Sixty percent of fresh oranges produced in Brazil are used for processing into juice. Consumption of orange juice has been increasing continuously in South America and globally as well, due to its taste and health benefits. The revenue of the Brazilian orange juice market was USD 135.5 million in 2019, which is 7% more than the previous year. It accounts for 50% of global orange juice production and 80% of global export. Thus, the consumption and trade statistics of Brazil's orange juice shows that the demand for the juice drives the market.
Europe and the United States are the Leading Importing Countries
Argentina, Chile, Uruguay, and Brazil are the top fresh oranges exporting countries of South America with 28%, 38%, 6%, and 8% of the export share, respectively in 2019. Brazil is a leading exporter in terms of orange juice but not a prominent exporter in terms of fresh fruits. Major exporting partners of these countries are the United States and many other European countries, such as Spain, Greece, the Netherlands, Italy, and France. Key importers in these regions are the orange juice industries due to the quality of the fruit, which is suitable to prepare juice.
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