Peru: Onion shipments fell 14% in 2023, and production in Ica, La Libertad, and Arequipa declines

Published 2024년 4월 6일

Tridge summary

In 2024, Peruvian fresh onion exports saw a significant decline, with a 14% decrease in volume and a 2% drop in value, amounting to 259,419 tons and US$104 million, respectively. Despite a 13% rise in the average FOB price per kilogram from the previous year, the reduction in volume led to an overall decrease in export figures. This downturn was attributed to the lingering effects of the 2020 container crisis, overproduction, and escalating freight costs, which collectively discouraged investment in onion cultivation. Ica remained the top onion-producing region, with La Libertad and Arequipa following. The export landscape also shifted, with a decrease in shipments to Latin America, particularly Colombia, and an increase to European markets, where red onions were in higher demand due to more favorable conditions.

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

Original content

Peruvian fresh onion exports fell 14% in volume and 2% in value in 2024, after recording a total of 259,419 tons shipped for US$104 million, according to a report from the Fresh Fruit portal. Likewise, the average FOB price reached US$0.4 per kilogram, 13% more than in 2022, although insufficient to compensate for the drop in volume. The container crisis in 2020, added to overproduction and increased freight costs, has led Peruvian producers to limit their investments in this crop. Ica leads production with 51% of the total, followed by La Libertad (23%) and Arequipa (13%). Peruvian shipments to Latin America decreased, affected by the redirection of products to Europe and limited supply. Colombia, a historically important destination, saw a 28% reduction in shipments, with an average price of US$0.22 per kilogram, 1% less than 2022. A situation that was not foreign to the United States, which remained the main destination for Peruvian onions, but which faced limitations in its ...

Source: Larepublica