Global table grape trade records lowest levels of exports in four seasons

Published Sep 20, 2024

Tridge summary

A new Rabobank report reveals that global grape exports have dropped to their lowest level in four years, with last season's exports reaching 4.2 million tonnes, primarily due to weather conditions in Europe and the Americas. The share of exports from the Americas has decreased from 45% to 36% over the past ten seasons, and the US saw its imports exceed domestic production for the first time in 2023/24. However, there is optimism for a rebound in the next season, with most weather-impacted countries showing signs of recovery and China and India emerging as more significant players in the global trade, having transitioned from net importers to net exporters. The report also anticipates a rise in exports due to orchard renovations and the planting of new, proprietary varieties.

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

Original content

Weather events have plunged global grape exports to their lowest levels in four years according to a new report from Rabobank. However, the agribusiness banking specialist’s Table Grape Update 2024 does provide some optimism for the category, noting trade is expected to rebound next season with most weather-affected countries showing signs of recovery. “Last season, global table grape exports reached 4.2 m tonnes, the lowest export amount in four seasons,” the report said. “This decline was mainly due to weather events in Europe and the Americas – and higher exports from Chile, China, and other major producers couldn’t offset this.” According to the report, the share of exports from the Americas has declined from 45 per cent to 36 per cent over the past ten seasons. In the US, imports surpassed domestic production for the first time in 2023/24 following a down year for US growers in the wake of Storm Hilary. “Europe has experienced a similar decline, facing challenges such as ...

Source: Fruitnet