Avocado Market in Peru
Market Overview
In 
, after two years of decline, there was significant growth in the Peruvian avocado market, when its value increased by % to $. Over the period under review, consumption, however, posted a prominent increase. As a result, consumption attained the peak level of $. From to , the growth of the market failed to regain momentum.
In value terms, avocado production stood at $ in estimated in export price. Overall, production, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Avocado production peaked at $ in ; however, from to , production stood at a somewhat lower figure.
The average yield of avocados in Peru shrank to tons per ha in , with a decrease of -% against figures. 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 in certain years. The pace of growth was the most pronounced in with an increase of %. As a result, the yield attained the peak level of tons per ha, and then fell in the following year. 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 dropped slightly to ha, remaining constant against . Over the period under review, the harvested area, however, recorded a remarkable increase. The growth pace was the most rapid in 2013 when the harvested area increased by % against the previous year. Over the period under review, the harvested area dedicated to avocado production attained the maximum at ha in , and then declined in the following year.
, after two years of decline, there was significant growth in the Peruvian avocado market, when its value increased by % to $. Over the period under review, consumption, however, posted a prominent increase. As a result, consumption attained the peak level of $. From to , the growth of the market failed to regain momentum.In value terms, avocado production stood at $
in estimated in export price. Overall, production, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Avocado production peaked at $ in ; however, from to , production stood at a somewhat lower figure.The average yield of avocados in Peru shrank to
tons per ha in , with a decrease of -% against figures. 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 in certain years. The pace of growth was the most pronounced in with an increase of %. As a result, the yield attained the peak level of tons per ha, and then fell in the following year. 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 dropped slightly to ha, remaining constant against . Over the period under review, the harvested area, however, recorded a remarkable increase. The growth pace was the most rapid in 2013 when the harvested area increased by % against the previous year. Over the period under review, the harvested area dedicated to avocado production attained the maximum at ha in , and then declined in the following year.Consumption
Avocado consumption in Peru dropped slightly to tons in , reducing by -% on . In general, consumption, however, showed a buoyant expansion. As a result, consumption attained the peak volume of tons. From to , the growth of the consumption failed to regain momentum.
The revenue of the avocado market in Peru was estimated at $ in , rising 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). Over the period under review, consumption, however, posted a resilient expansion. As a result, consumption reached the peak level of $. From to , the growth of the market remained at a somewhat lower figure.
tons in , reducing by -% on . In general, consumption, however, showed a buoyant expansion. As a result, consumption attained the peak volume of tons. From to , the growth of the consumption failed to regain momentum.The revenue of the avocado market in Peru was estimated at $
in , rising 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). Over the period under review, consumption, however, posted a resilient expansion. As a result, consumption reached the peak level of $. From to , the growth of the market remained at a somewhat lower figure.Market Forecast
Driven by increasing demand for avocados in Peru, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of avocado in Peru were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for avocado.
Trade Balance
Peru remains a net exporter of avocado; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
Download XLSX
Download all the data in the form of a report