In July 2024, Peruvian avocado export value managed to grow due to higher prices, but in August the growth could not be sustained despite the prices being maintained.
In August, the price of avocados again grew by 24 percent, but it was not enough to offset the 23 percent drop in the volume shipped, which closed at 63,337 tons, as well as the value of shipments, which contracted by 4 percent, recording revenues of $133.8 million with an average price of $2.11 per kilogram, according to Agraria.
Avocados reached 22 destinations in the month, a figure similar to that of 2023. The largest market was the Netherlands, which despite having registered a 10 percent drop in the volume purchased (21,945 tons), grew by 16 percent in value ($47.5 million) thanks to the 29 percent increase in the average price ($2.16 per kilogram). Thanks to this, its share in Peruvian exports rose from 29.3 percent to 35.5 percent.
Spain was the second largest destination, with volume shipped of 17,434 tons, but with an exported value ($38.1 million) much higher (+24 percent). The average price in this market also rose by 23 percent, to stand at an average of $2.19 per kilogram. This country also improved its share, jumping from 22.0 percent to 28.5 percent.
Closing the podium, there was the UK. This destination registered a slight decrease of 9 percent in the exported volume, with 7,554 tons shipped. Despite this, the value of remittances increased by 2 percent, reaching $15.2 million. The average price of avocado in this market rose by 13 percent, from $1.78 to $2.01 per kilogram. Its share in Peruvian shipments increased from 10.6 percent to 11.4 percent.
The growth of all these destinations was explained by the fall in exports to the U.S. (-68 percent).
And this, in fact, was one of the key factors that ended up affecting Peruvian remittances, given that this destination represented 22 percent of the total exported in 2023 and was fighting for second place with Spain.
In July 2024, Peruvian avocado export value managed to grow due to higher prices, but in August the growth could not be sustained despite the prices being maintained.
In August, the price of avocados again grew by 24 percent, but it was not enough to offset the 23 percent drop in the volume shipped, which closed at 63,337 tons, as well as the value of shipments, which contracted by 4 percent, recording revenues of $133.8 million with an average price of $2.11 per kilogram, according to Agraria.
Avocados reached 22 destinations in the month, a figure similar to that of 2023. The largest market was the Netherlands, which despite having registered a 10 percent drop in the volume purchased (21,945 tons), grew by 16 percent in value ($47.5 million) thanks to the 29 percent increase in the average price ($2.16 per kilogram). Thanks to this, its share in Peruvian exports rose from 29.3 percent to 35.5 percent.
Spain was the second largest destination, with volume shipped of 17,434 tons, but with an exported value ($38.1 million) much higher (+24 percent). The average price in this market also rose by 23 percent, to stand at an average of $2.19 per kilogram. This country also improved its share, jumping from 22.0 percent to 28.5 percent.
Closing the podium, there was the UK. This destination registered a slight decrease of 9 percent in the exported volume, with 7,554 tons shipped. Despite this, the value of remittances increased by 2 percent, reaching $15.2 million. The average price of avocado in this market rose by 13 percent, from $1.78 to $2.01 per kilogram. Its share in Peruvian shipments increased from 10.6 percent to 11.4 percent.
The growth of all these destinations was explained by the fall in exports to the U.S. (-68 percent).
And this, in fact, was one of the key factors that ended up affecting Peruvian remittances, given that this destination represented 22 percent of the total exported in 2023 and was fighting for second place with Spain.
Marco Campos is Media Coordinator, Latin America for Blue Book Services
