Analysis of the global main tropical fruit markets

China

Published Jan 19, 2024

Tridge summary

In 2023, global trade in major tropical fruits is expected to reach a record high of US$11.2 billion, a 12% increase from 2022, indicating a strong recovery from a decline in global supply. Increased production in main tropical fruit-producing areas, particularly avocados from Mexico and pineapples from Costa Rica, contributed to this growth, while weather conditions and supply chain disruptions affected papaya exports. The hospitality sector's positive evolution supported growth in demand for tropical fruits in the United States and the European Union, especially avocados and pineapples.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

(Agraria.pe) Preliminary data indicate that the volume of global trade in major tropical fruits in 2023 is likely to reach a new high of US$11.2 billion, which would represent an increase of approximately +12% compared to 2022. This would constitute a strong recovery from the decline in global supply experienced in 2022 and would put the aggregate global export volume around 9% above its previous peak of $10.3 billion seen in 2021. Favorable weather conditions led to increased production in several of the main tropical fruit-producing areas, especially a sharp increase in the supply of avocado from Mexico and pineapple from Costa Rica. Mango, mangosteen and guava exports similarly benefited from increased production from South American and Asian suppliers, but also from the resolution of supply chain disruptions that affected shipments to China in 2022. However, the detrimental Weather conditions, including hurricane damage and lack of sunshine, reduced production in key growing ...

Source: Agraria