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Peru Dominates European Avocado Market with Record-Breaking Supply in Week 28

by Tatyana Ivanovich
July 29, 2024
in Fruit, News
0
Peru Dominates European Avocado Market with Record-Breaking Supply in Week 28

Peru Dominates European Avocado Market with Record-Breaking Supply in Week 28

In a noteworthy development for the avocado market, Peru supplied 640 out of 961 avocado containers that arrived in Europe during Week 28 of 2024. This influx represents the largest volume of avocados from Peru to Europe this year, according to a report by Fructidor.com based on Avobook data. The Peruvian avocado season is nearing its end, with Europe experiencing record-high volumes. However, an early market exit is anticipated compared to previous years.

Market Dynamics and Trends

Current Market Trends

The significant increase in Peruvian avocado shipments reflects a peak in seasonal production. However, the market is expected to face a notable reduction in supply in the coming weeks as Chilean avocados begin to dominate European imports. Recent data indicates that avocado prices in key European ports, such as Amsterdam and Spain, have remained stable, although a slight decrease is observed for smaller sizes.

Price and Supply Adjustments

In Canada, avocado exports from Michoacán have surged, with the proportion of exports to destinations outside the United States increasing from 50% to 60% compared to the previous year. However, European sales from Mexico have declined, leading to a shift in market dynamics and allowing other producing countries to gain a foothold.

Chinese Market Insights

Peru continues to lead in avocado exports to China, shipping 44 containers. Nevertheless, a decline is expected in the coming weeks. The pricing structure in the Chinese market shows minimal variation, with a difference of just $0.30 per kilo between large and small sizes, highlighting a relatively stable market.

The record-breaking avocado shipments from Peru in Week 28 underscore the country’s significant role in the European avocado market. While the current peak in supply is impressive, the anticipated shift to Chilean avocados and the broader market adjustments signal an evolving landscape. For farmers, agronomists, and market analysts, these trends offer crucial insights into the dynamics of global avocado trade and supply chain management.


Tags: Agricultural TrendsAvocado MarketAvocado PricingAvocado SupplyChilean AvocadosEuropean ImportsGlobal Fruit TradeMarketInsightsMichoacán ExportsPeru Avocados
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