Key trends and strategic outlook from the IBO report 2024: Cross-border pricing globally

Published 2024년 10월 3일

Tridge summary

A report by IBO for the year 2023 reveals the dynamic global blueberry market, marked by significant price fluctuations due to the El Niño phenomenon and strategic shifts in supply. The report highlights Peru's role in the declining volume of the global market, which contributed to increased prices in Europe, Asia/Pacific, and the Americas. The rise in prices was more pronounced in Europe due to reduced production in Peru and deficits in other countries like Morocco and Spain. In Asia/Pacific, the market was heavily influenced by South American blueberries, amplifying any supply changes from the region. Despite some disruptions, the diverse supply sources in the Americas helped mitigate the price hikes to some extent.

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

Original content

The report published by IBO provides interesting data on price trends in the global blueberry market during 2023, driven primarily by strategic shifts and supply fluctuations due to the impact of the El Niño phenomenon. A central aspect of the market dynamics in 2023 is the global presence of Peru amid declining volumes, which played a key role in influencing global prices. The impact of this was varied: Europe experienced significant price pressure, due to the combination of reduced production in Peru and deficits in Morocco and Spain, among others. This combination of factors created a tense market, leading to an increase in prices. In Asia/Pacific, the dependence on South American blueberries meant that any changes in supply from this region had amplified effects. The Americas also ...

Source: MXfruit