Peruvian avocado exports would total US$970 million this year

Fresh Avocado

Fruits

Peru

Market & Price Trends

Published Mar 21, 2024

Tridge summary

Peru's avocado exports are projected to slightly increase to US$970 million in 2024 from US$964 million in 2023, as per Scotiabank. Despite a 10% decrease in the volume of exports to 540,000 tons due to the El Niño phenomenon, a 14% rise in the average export price to US$1.8 per kilo is expected to offset this. The primary markets for Peruvian avocados are Europe and the United States.

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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. Look: A seventh AFP withdrawal will have a “catastrophic” effect in the long term Regarding the main destinations, he specified that last year Europe and the United States were the markets with the highest demand. ...

Source: Apnoticias