Tridge summary
Peru's avocado exports, which make up 99% of its total avocado production, are experiencing a decline in value despite an increase in volume. The global logistics crisis and a shift in import preferences towards regions like Israel, Slovenia, and Morocco have increased competition for Peru in the European market. However, the U.S., which faces import disruptions from Mexico and water shortages in California, has presented a significant market opportunity for Peruvian avocados. Despite inflation affecting household spending, Peruvian avocados have found favor in the U.S. market, reaching 29% of total exports. Other key destinations include the Netherlands and Spain. Despite the challenges, Peru's avocado cultivation has expanded, with the national planting area more than doubling from 18,000 hectares in 2017 to 43,000 hectares, primarily in the La Libertad area.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
99% of Peru’s avocado exports are concentrated between January and September, and the export is now nearing completion. The total export volume reached 613,947 tons, an increase of 11% year-on-year, but the export value was only US$976 million, a decrease of 10%. The average Peruvian avocado The export price was only $1.59/kg, close to the lowest point in the past four years. Due to the global logistics crisis, many countries have chosen to give priority to importing products from relatively close regions. Taking the European market as an example, large importers from countries such as the Netherlands and Spain have turned to Israel, Slovenia and Morocco to import products, which greatly increased Peru Competitive pressure for avocados. The current price of Peruvian avocados exported to the European market is about US$1.44/kg, which is 26% lower than last year. The price drop has also caused many Peruvian exporters to move their goods to better priced markets, such as North ...
Source: Guojiguoshu
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