Peru: Avocado Market Overview 2021

Avocado Market Size in Peru

The Peruvian avocado market declined modestly to $X in 2020, shrinking by -X% against the previous year. Overall, consumption, however, posted a strong expansion. The most prominent rate of growth was recorded in 2019 when the market value increased by X% year-to-year. Avocado consumption peaked at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Avocado Production in Peru

In value terms, avocado production skyrocketed to $X in 2020 estimated in export prices. Over the period under review, production showed prominent growth. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, production attained the maximum level in 2020 and is expected to retain growth in years to come.

The average yield of avocados in Peru rose slightly to X tonnes per ha in 2020, growing by X% against the previous year's figure. The yield figure increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2012 when the yield increased by X% year-to-year. Over the period under review, the average avocado yield hit record highs in 2020 and is likely to see gradual growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the harvested area of avocados in Peru expanded rapidly to X ha, growing by X% compared with 2019. In general, the harvested area enjoyed strong growth. The pace of growth was the most pronounced in 2013 when the harvested area increased by X% against the previous year. The avocado harvested area peaked in 2020 and is expected to retain growth in years to come.

Avocado Exports

Exports from Peru

In 2020, the amount of avocados exported from Peru soared to X tonnes, with an increase of X% against 2019. Overall, exports saw a strong increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Exports peaked in 2020 and are likely to see steady growth in the near future.

In value terms, avocado exports soared to $X in 2020. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% year-to-year. Exports peaked in 2020 and are expected to retain 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, China and Switzerland lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the U.S. ($X) and Spain ($X) constituted the largest markets for avocado exported from Peru worldwide, together comprising X% of total exports. These countries were followed by the UK, China, Chile and Switzerland, which together accounted for a further X (+X% per year) recorded the highest growth rate of the value of exports, among 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 tonne in 2020, with an increase of X% against the previous year. Over the period under review, export price indicated a noticeable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, avocado export price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% y-o-y. The export price peaked in 2020 and is likely to continue growth in the immediate term.

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

From 2007 to 2020, 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 2020, approx. X tonnes of avocados were imported into Peru; growing by X% against the previous year. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, avocado imports surged to $X in 2020. Overall, imports, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Chile (X tonnes) was the main avocado supplier to Peru, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Chile amounted to -X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value from Chile totaled -X%.

Import Prices by Country

In 2020, the average avocado import price amounted to $X per tonne, rising by X% against the previous year. In general, the import price showed a resilient expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per tonne. From 2018 to 2020, the growth in terms of the average import prices failed to regain the momentum.

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

From 2007 to 2020, the rate of growth in terms of prices for Chile amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for avocados in the world?

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The countries with the highest volumes of avocado consumption in 2020 were Mexico (1.3M tonnes), the U.S. (1.2M tonnes) and the Dominican Republic (692K tonnes), with a combined 41% share of global consumption. These countries were followed by Colombia, Indonesia, Haiti, Brazil, Kenya, Peru, China, France, Venezuela and Guatemala, which together accounted for a further 33%.

What are the largest producers of avocados in the world?

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Mexico (2.4M tonnes) constituted the country with the largest volume of avocado production, comprising approx. 32% of total volume. Moreover, avocado production in Mexico exceeded the figures recorded by the second-largest producer, the Dominican Republic (736K tonnes), threefold. The third position in this ranking was occupied by Peru (606K tonnes), with a 8.1% share.

What are the leading suppliers of avocados to Peru?

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In value terms, Chile ($104K) constituted the largest supplier of avocado to Peru.

What are the leading importers of avocados from Peru?

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In value terms, the largest markets for avocado exported from Peru were the Netherlands ($336M), the U.S. ($203M) and Spain ($176M), with a combined 70% share of total exports. These countries were followed by the UK, China, Chile and Switzerland, which together accounted for a further 18%.

What is the average export price for avocados in Peru?

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The average avocado export price stood at $2,556 per tonne in 2020, growing by 5.7% against the previous year.

What is the average import price for avocados in Peru?

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In 2020, the average avocado import price amounted to $2,811 per tonne, jumping by 17% against the previous year.