Peru: Avocado Market 2024

Avocado Market Size in Peru

For the third year in a row, the Peruvian avocado market recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption continues to indicate a deep contraction. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Avocado Production in Peru

In value terms, avocado production declined modestly to $X in 2022 estimated in export price. In general, production showed a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Avocado production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average avocado yield in Peru amounted to X tons per ha, picking up by X% compared with the year before. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. The avocado yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The avocado harvested area in Peru amounted to X ha in 2022, increasing by X% against the previous year. In general, the harvested area recorded a resilient increase. The pace of growth appeared the most rapid in 2013 when the harvested area increased by X%. The avocado harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

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Avocado Exports

Exports from Peru

In 2022, the amount of avocados exported from Peru expanded rapidly to X tons, with an increase of X% compared with the previous year. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, avocado exports reduced to $X in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

The Netherlands (X tons), the United States (X tons) and Spain (X tons) were the main destinations of avocado exports from Peru, together accounting for X% of total exports. Chile, the UK, China and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for avocado exported from Peru were the Netherlands ($X), the United States ($X) and Spain ($X), with a combined X% share of total exports. Chile, the UK, China and Japan lagged somewhat behind, together comprising a further X%.

Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average avocado export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Avocado Imports

Imports into Peru

In 2022, purchases abroad of avocados increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, showed a precipitous setback. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, avocado imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a precipitous setback. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X tons) was the main avocado supplier to Peru, accounting for a approx. X% share of total imports.

From 2017 to 2022, the average annual growth rate of volume from the UK was relatively modest.

In value terms, the UK ($X) constituted the largest supplier of avocados to Peru.

From 2017 to 2022, the average annual rate of growth in terms of value from the UK was relatively modest.

Import Prices by Country

In 2022, the average avocado import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2017 to 2022, the rate of growth in terms of prices for Chile amounted to X% per year.

Source: IndexBox Platform

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