Agricultural exports of Latin America and the Caribbean (LAC) are on the rise. The Americas are the world’s leading net exporter of agricultural products, although the hemisphere’s share of world agricultural trade has been declining since 2000 due to a slowdown in its agricultural exports (which grew by 7.1% per year between 2000 and 2005). The Americas mainly export commodities and import increasingly large amounts of processed agricultural products. International prices of agricultural products rose by an average of 6.5% per year between 2002 and 2007, and coffee and sugar prices by over 13%. The outlook for international agricultural trade in the Americas is very good, with world demand expected to increase.
Markets are increasingly demanding and differentiated. There is a sustained, marked evolution in consumer tastes and preferences, to which producers and agribusinesses must adapt. The demand for healthy food is growing, with increasing emphasis on denomination of origin and processed or convenience foods. Two trends are particularly important: the first is the growing demand for guaranteed food quality and safety (in 2005 alone, nearly OS$190 billion in agricultural exports and OS$130 billion in imports had to meet a sanitary or phytosanitary standard of some kind). The second trend is the strong growth of the world market of organic products, with sales reaching around US$30 billion, over 1500 organic products available in the marketplace and an average rate of growth of 9% per year.