Record-Breaking Volume for Peruvian Mango Exports in the 2022/2023 Season with Lower Prices

Published 2023년 5월 22일

Peruvian fresh mango exports grew 8% in volume and 2% in value in the 2022/2023 campaign attesting to a new record-breaking year in both volume and value. For the campaign, Peruvian mangoes reached 39 markets, three of which accounted for 72% of all shipments. The United States and the Netherlands co-led with a share of 32% each, followed by Spain with 7%. However, due to logistical constraints and a more saturated market, particularly in Europe, where new suppliers have started to increase their presence, the export price was 6% lower than the average price last year, which hampered the expected increase in export value.

According to the Association of Agricultural Producers Guilds of Peru (AGAP), in the 2022/2023 campaign, which begins in October and ends in April, Peruvian fresh mango exports reached 267 thousand mt worth of USD 297 million, an 8% YoY increase in volume and 2% more in value than last year. As a result, Peruvian mango shipments broke a new record surpassing the previous year’s volume and record value. However, the average export price was 6% lower than the average price last year, which hampered the expected increase in export value.

According to the Peruvian Association of Mango Producers and Exporters (APEAM), the average price was USD 1.11/kg, 6% lower than the 2021/2022 campaign. The lower price is attributed to several factors that compound during the season. The main factor for the price decrease over the season was perceptible market saturation, particularly in Europe, where new international suppliers have started to compete with new varieties. Additionally, at the beginning of the season, there were global logistical constraints and sanitary restrictions that increased the cost of production. As a result, the quality of Peruvian mangoes was lower than the average, which negatively impacted prices.

In the 2022/2023 campaign, Peruvian mangoes reached 39 markets, three of which accounted for 72% of all shipments. The United States and the Netherlands co-led with a share of 32% each, followed by Spain with 7%. Unlike last season, the product was able to position itself better in the North American market, coming to be on par with the Dutch market.

Shipments to the US totaled 94.6 thousand mt worth USD 95 million, which represented a yearly increase, both in volume and value of 39% and 30%, respectively. By W9 of the year, the US had become the leading destination for Peruvian mangoes, surpassing the Netherlands momentarily. The average price of Peruvian mangoes in the US was USD 1.01/kg, 6% lower than the previous campaign.

Source: Tridge, ITC

Peruvian mango shipments to the Netherlands in the 2022/2023 season accounted for 97.8 thousand mt worth USD 95 million, the same value as US exports. However, unlike the US, exports to the Netherlands declined by 6% in volume and 8% in value from the previous season. The decline is attributed to the incorporation of new international competitors in the EU market, such as Colombia and Kenya. These suppliers have increased their presence in the European market with varieties capable of directly competing with the most exported Peruvian mango variety, the Kent. As a result, the average price paid in the Dutch market for the Peruvian mango was USD 0.97/kg, 3% less than the one in the previous campaign.

Exports of Peruvian mango to Spain totaled 13.6 thousand mt with a value of USD 22 million, a 9% increase in volume and value than the previous season. Contrary to the Netherlands, exports to Spain expanded as local mango production in Spain was reduced during most of the season due to unfavorable weather. The average price paid for Peruvian mangoes in Spain was USD 1.62/kg, the same as the previous period, but with one of the highest prices in the international market.

It was expected that the global logistic crisis that started with Covid-19 would have a negative impact on Peruvian product exports, mangoes being one of those. However, the crisis did not affect trade volumes for Peruvian mangoes in the main importing markets but impacted prices. Furthermore, due to the logistics constraints and sanitary restrictions, the quality of the product played an essential part in decreasing the price of Peruvian mangoes.