EU: Peach and nectarine consumption will grow by 3% this campaign

Published 2022년 8월 26일

Tridge summary

The European Commission forecasts a 3% increase in the consumption and production of peaches and nectarines in the EU for the current campaign, reaching 3.4 million tons. This growth is primarily driven by France, Italy, and Greece, offsetting the significant drop in production in Spain due to adverse weather conditions, which is expected to decrease by 20%. Despite challenges in exporting to Eastern countries, EU exports are anticipated to slightly increase by 2%, while imports from third countries are projected to grow by 11%. Consumption within the EU is also expected to rise by 3%, recovering from the impacts of lower purchasing power and reaching 5.9 kilograms per capita in 2021.

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

Original content

The peach and nectarine segment will generate greater consumption and production during the current campaign within the European Union. Specifically, it is going to grow 3% more, respectively, than during the previous year, according to the European Commission Report on the Perspectives of the agricultural markets corresponding to the summer of 2022, which is analyzed by Fepex. European production grows as a whole, due to rising data from France, Italy and Greece, but with a sharp drop in Spain due to bad weather. In fact, the EC estimates that the total production of peaches and nectarines in the EU in 2022 will increase to 3.4 million tons, although this is 9% below the average of the last five years. Positive production expectations in Italy, France and Greece will compensate this year for significant losses in Spain, caused by historic frost damage and storm Cyril. As a result, Spanish production is expected to fall by 20%. Although higher fresh production should also boost ...

Source: Financialfood