Peru: Avocado Market Overview 2020

Avocado Market Size in Peru

The revenue of the avocado market in Peru amounted to $X in 2018, dropping by -X% against the previous year. Over the period under review, avocado consumption, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 when the market value increased by X% year-to-year. In that year, the avocado market reached its peak level of $X. From 2017 to 2018, the growth of the avocado market remained at a somewhat lower figure.

Avocado Production in Peru

In value terms, avocado production totaled $X in 2018 estimated in export prices. Overall, avocado production continues to indicate a strong expansion. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, avocado production attained its peak figure level at $X in 2017, and then declined slightly in the following year.

Average yield of avocados in Peru amounted to X tonne per ha in 2018, increasing by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. In that year, the average avocado yield reached its peak level of X tonne per ha. From 2013 to 2018, the growth of the average avocado yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of avocados production in Peru amounted to X ha, jumping by X% against the previous year. Over the period under review, the avocado harvested area continues to indicate prominent growth. The pace of growth appeared the most rapid in 2013 when harvested area increased by X% y-o-y. Avocado harvested area peaked in 2018 and is expected to retain its growth in the immediate term.

Avocado Exports

Exports from Peru

In 2018, the amount of avocados exported from Peru amounted to X tonnes, rising by X% against the previous year. Over the period under review, avocado exports continue to indicate skyrocketing growth. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, avocado exports stood at $X in 2018. In general, avocado exports continue to indicate an outstanding increase. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Exports peaked in 2018 and are expected to retain its growth in the near future.

Exports by Country

The Netherlands (X tonnes), the U.S. (X tonnes) and Spain (X tonnes) were the main destinations of avocado exports from Peru, with a combined X% share of total exports. The UK, Chile and Morocco lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Chile, while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the U.S. ($X) and Spain ($X) appeared to be the largest markets for avocado exported from Peru worldwide, with a combined X% share of total exports. These countries were followed by the UK, Chile and Morocco, which together accounted for a further X (+X% per year) recorded the highest growth rate of exports, among the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average avocado export price amounted to $X per tonne, falling by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for avocados attained their peak figure at $X per tonne in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per tonne), while the average price for exports to Morocco ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Chile, while the prices for the other major destinations experienced more modest paces of growth.

Avocado Imports

Imports into Peru

In 2018, the imports of avocados into Peru amounted to X tonnes, surging by X% against the previous year. Over the period under review, avocado imports, however, continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Imports peaked at X tonnes in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, avocado imports totaled $X in 2018. Over the period under review, avocado imports, however, continue to indicate a slight deduction. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. Over the period under review, avocado imports attained their maximum at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, Chile (X tonnes) constituted the largest supplier of avocado to Peru, with a approx. X% share of total imports.

From 2007 to 2018, the average annual growth rate of volume from Chile totaled -X%.

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

From 2007 to 2018, the average annual growth rate of value from Chile totaled -X%.

Import Prices by Country

In 2018, the average avocado import price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, the avocado import price, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2017 an increase of X% against the previous year. In that year, the average import prices for avocados reached their peak level of $X per tonne, and then declined slightly in the following year.

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

From 2007 to 2018, the rate of growth in terms of prices for Chile amounted to +X% per year.

Source: IndexBox AI Platform