Peruvian grape exports could not surpass 2023 results

Published 2024년 12월 28일

Tridge summary

Peruvian grape exports in 2024 are projected to be roughly on par with 2023's record performance, with a total of $1,792 million, largely due to the unusual climatic effects of the El Niño phenomenon in 2023. This resulted in an early harvest and a high comparison base for 2024. The United States continues to be the primary market for Peruvian grapes, accounting for 46% of exports in November 2024, despite a 19% decrease in average price. The Netherlands and the United Kingdom followed as the second and third largest markets. The leading exporters in these markets have shifted slightly, with Sociedad Agrícola Rapel S.A.C. and Ecosac Agrícola S.A.C. leading in the United States, and El Pedregal S.A. increasing its market share in the United Kingdom.

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

Original content

Peruvian grape exports in 2024 are not expected to surpass the record results of 2023, largely due to the fact that last year was atypical. The climatic effects of the El Niño phenomenon brought forward the 2024 harvest to the last quarter of 2023, which increased exports during that period. This phenomenon generated a high comparison base for 2024, impacting both monthly figures and the annual cumulative total. According to current trends, Peruvian grape exports in 2024 are not expected to exceed those of last year, which closed at $1,792 million, while this year they are still at $1,090 million and according to FreshFruit they would reach US$1,500 million in 2024. With this result, in addition, grapes would lose their leadership in the Peruvian agro-export basket to rank second. Although the pace of the last year has been maintained in the last months of the year, the large drop recorded in February (-67%) was the most destabilizing factor. In November, exports totaled 164,561 ...

Source: AgroPeru