Firmer pricing in Europe and US compensates for drop in export volume in Q2
The value of Peruvian avocado exports grew 12 per cent in the second quarter of 2024 compared to same period last year despite shipments falling 14 per cent in volume. According to consultancy Fresh Fruit Peru, the country shipped 286,389 tonnes of avocados with US$559m in the three months from April to June.
The increased value was due to better prices – at US$1.95/kg, the average price was 31 per cent higher than in the same period of 2023.
The main destinations were the Netherlands with a 31 per cent market share, Spain wit 19 per cent and the US with 17 per cent.
Industry body ProHass said a projected 16 per cent decline in Peruvian Hass avocado exports this year would likely reduce the risk of an oversupplied European market this summer. Shipments are projected to reach 468,000 tonnes in 2024, down from 558,000 tonnes last year, mainly due to unfavourable climatic conditions and a slowdown in new plantings.
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