Peru: Olive exports totaled 12,379 tons for US$ 25 million so far in 2024

Published 2024년 8월 19일

Tridge summary

In 2024, Peru's olive-producing regions, including Tacna, Arequipa, and Ica, faced significant challenges such as increased production costs, reduced planting intentions, and adverse weather, leading to a decline in production and export volumes. Despite higher prices per kilogram, the overall export value did not offset the reduced volumes. Olive oil exports also dropped in both volume and value, with the U.S. being the only market to see an increase in import volume. The situation is worsened by the delayed effects of El Niño and a growing international demand that Peru cannot meet. Additionally, Peru faces high competition from imports from Greece, Italy, Spain, and Argentina, although the rising demand for Mediterranean products offers growth opportunities, as shown by a 47% increase in average prices.

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

Original content

(Agraria.pe) The olive producing regions in Peru are mainly concentrated in the south of the country, with Tacna at the head (76% of the total national production). This region is the heart of olive cultivation in Peru, benefiting from its arid and sunny climate, ideal for the development of this Mediterranean plant. Following Tacna, there is Arequipa (20%), taking advantage of its inter-Andean valleys that also offer favorable conditions for the cultivation of olive trees. Ica, although with a share of less than 3%, closes the podium of the main producing regions. So far this year, olive shipments totaled 12,379 tons for a value of US$ 25 million, which meant a drop of almost -40% in volume, however in value it was practically the same as that recorded in the same period in 2023, this due to the fact that the price per kilogram increased on average by +68%. The agricultural export of olives in Peru faces a difficult period in 2024. Various factors have contributed to a notable ...

Source: Agraria