Avocado Market Overview in Peru
In value terms, avocado production surged to $ in estimated in export prices. Over the period under review, production showed a buoyant expansion. The pace of growth was the most pronounced in 2011 when the production volume increased by % against the previous year. Avocado production peaked in and is likely to continue growth in years to come.
The average yield of avocados in Peru rose slightly to tonnes per ha in , with an increase of % compared with the year before. The yield figure increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 with an increase of % against the previous year. The avocado yield peaked in 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 , the total area harvested in terms of avocados production in Peru rose significantly to ha, growing by % on the year before. Overall, the harvested area saw a resilient increase. The growth pace was the most rapid in 2013 with an increase of % y-o-y. Over the period under review, the harvested area dedicated to avocado production attained the maximum in and is likely to see gradual growth in years to come.
The revenue of the avocado market in Peru dropped to $ in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of % y-o-y. Over the period under review, the market reached the peak level at $ in 2016; however, from 2017 to , consumption remained at a lower figure.