Signs of recovery in the fresh mango market in the United States after shortages in early 2024

Published Aug 10, 2024

Tridge summary

In 2024, the United States fresh mango market experienced a significant downturn due to a 22% drop in imports, particularly from Peru, the second-largest mango exporter. This decline was largely due to adverse weather conditions in Peru, leading to a 71% decrease in Peruvian mango imports. Although Mexico, the primary supplier, managed to maintain its export levels, albeit with a minor 3% decrease, the suspension of U.S. inspections from Michoacán added to the supply chain disruptions. Consequently, retail prices in the U.S. surged, with conventional mangoes averaging $1.53 and $1.18 per pound in the first and second quarters, respectively. Despite a recovery in import volumes and a slight decrease in prices, they still hovered above 2023 levels as of July 2024, showcasing the aftermath of the early year supply shortages.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Agraria.pe) At the beginning of 2024, the fresh mango market in the United States faced major challenges, with a significant decline in import volumes contributing to rising retail prices. During the first five months of this year, fresh mango imports fell by 22% compared to the same period last year. This decline was mainly attributed to a substantial reduction in mango shipments from Peru, the second largest mango exporter to the United States. Peruvian production faced severe setbacks due to unusually warm temperatures and the adverse effects of El Niño during the flowering period, which significantly reduced production. As a result, Peruvian mango imports fell by 71%, creating a notable supply gap during a crucial period. In contrast, Mexico – the main mango exporter to the United States – typically ships fruit from January to October, with peak volumes in June or July. Mangos from this country accounted for an average of 64% of import shipments from 2019 to 2023. However, ...
Source: Agraria
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