Peru’s Mango Export Industry: A Strong Recovery Amidst Challenges
The agroexport sector in Peru has seen a significant rise in the popularity and demand for mangoes. Although mangoes may not yet be as prominent as other crops like grapes or blueberries, their growth in northern regions and successful international campaigns highlight their increasing importance in the market.
In the 2024-25 mango season, Peru experienced a remarkable recovery from the previous season’s challenges, which included extreme weather conditions. The impact of these challenges led to a 67% decrease in volume and a 32% decline in value. However, with more stable weather conditions this season, exports reached 153,387 tons by December, valued at $229 million. This marked an impressive 307% increase in volume and a 156% growth in value.
Fresh mango exports were dominant, accounting for 81% of total shipments. Despite this, prices saw a 37% decrease, averaging $1.49 per kilogram. Early harvests, driven by water shortages in Piura and Áncash, disrupted the usual schedule and created overlaps with competing campaigns, putting pressure on prices. As a result, the season is expected to close early, with projections of 200,000 to 230,000 tons in volume and revenue between $290 million and $310 million. The United States and Europe were key markets in this recovery, with exports to the U.S. growing by 383% in volume and 208% in value, despite a 36% decrease in prices.
The resilience of the mango sector in Peru is evident through the improved volumes and revenue, showcasing its potential in global markets. However, challenges such as climate sensitivity and competition remain obstacles to long-term growth. This emphasizes the need for continued adaptation and innovation to solidify Peru’s position in the agroexport industry.
Charts and Data Analysis:
The charts provided by Agronometrics offer valuable insights into the trends and patterns in Peru’s mango export industry. The first chart illustrates the increase in mango volumes over time, highlighting the recovery seen in the 2024-25 season. The second chart focuses on mango prices, showing the impact of various factors on pricing throughout the season.
Source: USDA Market News via Agronometrics
Conclusion:
Peru’s mango export industry has shown significant growth and recovery in the face of challenges, with the 2024-25 season marking a remarkable turnaround from the previous year. The sector’s resilience and potential in global markets are evident, but ongoing challenges necessitate continued adaptation and innovation. By leveraging data-driven insights and market analysis, Peru can further strengthen its position in the agroexport industry and continue to thrive in the global market.
