How is the global avocado market going?

Published Jun 18, 2024

Tridge summary

Peru's avocado shipments have recovered since week 20 of 2023 after an initial decline due to climatic issues. The Avobook W 24 Report highlights Peru's strong presence in the European market and an increased market share in the U.S. to over 10%, aided by reduced Mexican shipments. In Europe, Kenya is gaining ground, following South Africa, while in the U.S., California maintains its share as Mexico's declines. In Asia, Peru has a minor presence in China, with Kenya also entering the market. The Global Avocado Summit, organized by the Chilean Avocado Committee and Yentzen Group, will take place on November 21.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

It is true that Peru will concentrate a smaller volume this year than in 2023. Week 19 was evidence of this drop, generated mainly by climatic factors that affected the harvests. However, since week 20 its shipments have rebounded and this is shown by the Avobook W 24 Report, where the volume record for week 23 is very close to what it showed at the same time last year. In fact, the report highlights, it maintains two-thirds of the European market and enters the United States with greater force, exceeding 10% market share, given the decrease in Mexico. Related news: Peruvian avocado reaches its best level in the United States Europe In the week of analysis, the report shows that Kenya is gaining space with 12% share, closely following South Africa, which has 14% market share, in which it has become a fight to be the second supplier. "This race is expected to give results in the coming weeks for Kenya, at least until Chile attacks in September and is, as expected, Peru's companion ...
Source: MXfruit
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