Peru: Avocado exports would total US$970 million this year

Published Mar 26, 2024

Tridge summary

In 2024, Peru is expected to solidify its position as the second-largest avocado exporter globally, with exports projected to reach around US$970 million, a slight increase from US$964 million in 2023. Despite facing a 10% decrease in export volume to 540,000 tons due to the El Niño phenomenon, which causes higher temperatures, the average export price is anticipated to rise by 14% to US$1.8 per kilo. Europe and the United States continue to be the primary markets for Peruvian avocados. Moreover, Peru recorded its highest avocado production in 2023, totaling 911,253 tons, with La Libertad, Lambayeque, Lima, and Ica being the top-producing regions.

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Original content

This year, avocado exports would be around US$970 million, a level slightly above what was recorded in 2023 (US$964 million), Scotiabank revealed. Peru is the second exporter in the world, surpassed only by Mexico. The financial entity specified that in 2024 the campaign would still be affected by the higher temperatures associated with the El Niño phenomenon (FEN). In that sense, the volume sold abroad will be 540,000 tons, a contraction of around 10% compared to what was reported a year earlier. This drop in volume would be offset by the average export price that would reach US$1.8 per kilo, 14% above what was sold in 2023. Regarding the main destinations, he specified that last year Europe and the United States were the markets with the highest demand. ...

Source: AgroForumPeru