W12 Mango Update: Brazilian Mango Exports to EU Surged as Peruvian Exports Decline 2023/24, Guatemalan Mango Industry Holds Strong Amidst Competition and Costs, and Vietnamese Mango Production Declined by 30% YoY

Brazilian Mango Exports Surge to USD 315 Million in 2023

According to the recent reports released on Mar-24, Brazilian mango exports surged to USD 315 million in 2023, surpassing the 2021 export value of USD 249 million. The São Francisco Valley accounts for about 93% of these exports, with Bahia and Pernambuco as the primary exporting regions. Despite a slight decrease in domestic production, Brazil achieved this growth due to crop losses due to heat waves and the Valley's ability for continuous production. Companies like Agrodan saw substantial revenues and profits in 2023. Favorable prices and increased exports are anticipated for 2024, with a 45.6% year-over-year (YoY) export increase from Jan-24 to Feb-24.

São Francisco Valley Mango Prices Dropped by 19% WoW in W11

In the Brazillian market, Tommy mango prices in the São Francisco Valley have dropped by 19% week-over-week (WoW) to USD 0.87 per kilogram (BRL 3.22/kg) in W11 due to low fruit quality caused by a high incidence of anthracnose and rot from frequent rains. In contrast, Palmer mango prices have remained steady at USD 0.86/kg (BRL 3.2/kg). While mango volumes are expected to be low in W12, prices may not increase significantly due to quality constraints and the end of Mar-24.

Rise in Brazilian Mango Exports to EU Amid Decline Production in Peru and Ecuador

Unfavorable weather conditions have affected mango production in Peru and Ecuador, increasing Brazilian mango exports to the European Union (EU). The Peruvian Association of Mango Producers and Exporters (APEM) noted a 109% rise in Brazilian mango exports to Europe from 2022 to 2024. This increase is attributed to competition from lower-priced Mexican mangoes in the United States (US) market. APEM highlights the need to uphold the quality of Peruvian mangoes to stay competitive.

Peruvian Fresh Mango Exports Plummet by 66.87% YoY in 2023/24

According to the Association of Mango Producers and Exporters (APEM), Peru's fresh mango exports dropped by 66.87% YoY in the 2023/24 season, totaling 75.1 thousand tons compared to 226.9 thousand tons in the previous campaign. The decline in exports and production is due to adverse weather conditions, such as heavy rainfall due to Cyclone Yaku and high temperatures due to El Niño Costero, which affected the Kent mango variety, constituting more than 90% of shipments. Moreover, frozen mango exports also sharply declined due to the shortage of fruit available.

Global Success of Mexican Mangoes Through Quality and Innovation

Mexican mangoes have achieved significant success in the global market, notably in the EU and US, due to their high-quality production, food safety practices, and well-established distribution networks. The Export Mango Packing Machines (EMEX) "Mango EMEX" quality seal, promoted by the Association of Exporters of Mangos Mexico, has also bolstered their reputation. Despite challenges such as climate change and new varieties, the company's robust marketing and distribution strategies have enabled it to sustain its global leadership position.

Guatemalan Mango Industry Shows Stability and Growth Potential Amid Challenges

The treasurer of the National Mango Board reported that the Guatemalan mango industry shows stability and growth potential but encounters challenges like Mexican competition and high transportation costs. Moreover, despite high costs and lengthy transit times, they propose a quality seal to boost competitiveness and see opportunities in the European and Japanese markets. The treasurer highlighted the emerging fresh-cut mango and organic sectors. The National Mango Board's promotion of mango consumption in the US has been successful, with room for further expansion.

Mango Production Drop in Vietnam Leads to Price Increase in 2024

The mango production in Vietnam has decreased by up to 30% YoY due to El Niño , but mango prices in the Western region remain higher than usual due to domestic and export markets. The mango prices in 2024 increased by about 20% YoY, with three-color mangoes prices standing at USD 0.61 (VND 15,000) for Grade 1 products and USD 0.40 (VND 10,000) for bulk products. The mango quality in 2024 is higher than ever, with vibrant colors and standard sizes, popular with local supermarkets in Vietnam and the US and New Zealand markets. Moreover, mango growers in An Giang have high profits due to stable prices, with an average profit of USD 0.081/kg to 0.16/kg (VND 2,000/kg to 4,000/kg). Supermarkets offer discounts of up to 40% on mango products to stimulate demand, proving that Vietnamese consumers increasingly prefer high-quality Vietnamese agricultural products. The Province is also promoting support for linkages and consumption to reduce the situation of "good seasons losing prices."