Weekly Product Updates

W4 Avocado Update: Tanzanian Avocado Expands in China, Nearing Approval, Peru Faces El Niño Challenges, and Colombia Achieves Record 2023 Exports

Fresh Avocado
Peru
Published Feb 1, 2024
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Tanzania’s Avocado Industry Expands With Access to Lucrative Chinese Market

Tanzania's avocado industry is rapidly expanding with newfound access to the lucrative Chinese market. The General Administration of Chinese Customs (GACC) is auditing three Tanzanian avocado farms, paving the way for increased market access. Africa's third-largest avocado producer, Tanzania aims to boost annual exports to over 33 thousand metric tons (mt) by 2026, generating an estimated USD 50 million annually. While the Netherlands currently dominates Tanzania's avocado exports, China is emerging as a key market. Strict adherence to China's phytosanitary regulations underscores the importance of maintaining high-quality standards for Tanzanian avocados. This development promises economic growth, higher incomes for local farmers, and an enhanced position in the global avocado market for Tanzania.

China Nears Approval for Tanzanian Avocado Imports, Signaling Market Growth

Chinese Customs has initiated compliance inspections on Tanzanian avocado orchards, a crucial step towards official export to China. GACC will conduct remote inspections in March, covering picking, transportation, refrigeration, and packaging. Tanzania eyes an annual export increase to over 33 thousand mt by 2026 which will generate an estimated USD 50 million. This indicates a significant growth for Tanzanian avocado industry. The industry highlights the advantage of shorter transportation times from Tanzania to China, compared to other suppliers, positioning Tanzanian avocados favorably in China.

El Niño Has Affected Peruvian Avocado Harvest, but Peru MCFruits Remains Optimistic

Adverse weather conditions from the El Niño phenomenon in Peru have led to a 30% year-on-year (YoY) decrease in avocado production in Northern Peru and a 15% YoY reduction in Southern Peru for the 2024 harvest. Despite these challenges, the CEO of Peru MCFruits remains optimistic, noting better results than the previous season. The 2024 campaign has started with low volumes, primarily sent to Asian destinations like China and Korea. The CEO emphasizes the importance of Canales of quality and size, acknowledging challenges due to persistent El Niño conditions. Peru MCFruits is strategically adjusting prices in response to market trends, aiming to maintain competitiveness while appreciating the efforts of producers in every campaign.

olombian Avocado Exports Soar, Corpohass Marks Historic Achievement in 2023

The Colombian Hass avocado industry achieved a record year in 2023, witnessing a notable 26.4% YoY growth in exports, totaling 5,125 40-foot (FCL) compared to the previous year's 4,055 containers. The Corporation of Hass Avocado Producers and Exporters of Colombia (Corpohass) has unveiled a significant milestone, showcasing Feb-23 as the peak month with a remarkable export of 929 containers. Major contributions came from destinations such as Holland with 2,703 containers, Belgium with 631 containers, and the United States (US) with 616 containers.

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