Despite the terrible first semester of Peruvian garlic, the situation could be reversed for the second half

Published 2024년 7월 30일

Tridge summary

The international garlic market has faced significant challenges since 2020 due to the Covid-19 logistics crisis and reduced export volumes from major producers. Although there were signs of recovery by 2023, climatic issues, particularly in Peru, have further impacted the market. In 2024, Peru's garlic exports plummeted by 65% in volume and 59% in value, with Arequipa's production hit hard by water shortages and high temperatures. Despite a difficult first half of the year, projections for the latter part of 2024 are optimistic, expecting a 10% growth in volume and 4% in value. Internationally, shipments to North and South America have decreased, with Mexico and the United States seeing the most significant declines.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Agraria.pe) Since 2020, the international garlic market had quite difficult times. The availability of volumes became quite complicated due to the logistics crisis generated by Covid-19. Furthermore, the world's largest exporters reduced their volumes in favor of more profitable crops and, in many cases, prioritized their domestic consumption. By 2023 the situation seemed to improve, with a significant recovery in volumes and higher prices. However, by the end of the year the effects of the climatic phenomena that occurred in the world began to be felt. In Peru, crops were greatly affected by this situation, slowing down the recovery that this product had been presenting. By 2024, the drop in volumes was completely noticeable, bringing down all the progress achieved in 2023. For example, in Arequipa, the largest garlic producing area in Peru, problems were reported in the water supply due to the low availability of the resource in the rivers and valleys. This, combined with the ...

Source: Agraria