By Sebastián de la Cuadra, CEO of Avobook
Peru consolidates its global dominance while major markets maintain a stable scenario
Week 27 shows a relatively unchanged avocado market compared to previous weeks.
Europe and the United States maintain stable volumes, while Peru continues to strengthen its position as the main supplier in several international markets. Meanwhile, China is beginning to show a gradual recovery in prices, and South America continues to consolidate the presence of Peruvian fruit during the Southern Hemisphere winter.
Europe maintains stability with Peru as the absolute protagonist.
Europe continues to receive around a thousand containers per week, a volume that has remained relatively constant over the past month and which, barring any logistical disruptions, should also be sustained for the coming weeks.
Peru remains the main player, accounting for between 85% and 90% of the volume arriving in Europe. Far behind are countries like Kenya, Brazil, Colombia, and South Africa, all with shares of around 2% or 3%.
In terms of prices, the market remains stable. While gauges 20, 22, and 24 continue to register very similar values, smaller sizes have shown a slight recovery, approaching those price levels. In contrast, larger gauges, such as 14 and 18, remain undervalued.
The United States maintains its balance while Peru continues to grow
In the United States, Mexico continues to lead the supply with about 60% share and is expected to maintain that level for the next few weeks.
California continues to contribute around 25% of the available volume, while Peru continues to gradually increase its presence, with a share that already reaches between 14% and 15% and that could continue to increase in the next shipments.
If we talk about the key figures for week 27, it is essential to mention that the market maintains a pace close to 1,500-1,600 weekly shipments, while the reference price for size 48 on the border between Mexico and the United States is between USD 2.50 and USD 2.70 per kilogram.
China shows a gradual recovery in prices
The Chinese market continues to operate with moderate volumes, estimated at between 70 and 80 containers per week, with the possibility of approaching 100 depending on the shipping schedule.
Almost all the fruit originates from Peru , a situation that has allowed for a balanced supply and prevented the price pressure seen at other times of the season. This week, sizes 18 to 24 saw gradual price increases, reaching values close to USD 2.30 per kilogram on the open market.
South America maintains the prominence of Peruvian fruit
In Chile, imported fruit from Peru continues to predominate, with between 150 and 170 truckloads arriving weekly. This increased availability has put downward pressure on prices, which currently fluctuate between USD 1.70 and USD 1.80 per kilogram .
Argentina also continues to increase its share of Peruvian fruit during these months, while Brazil remains the second most important source. The traditional overlap with the new Chilean harvest is expected to begin around August.
Canada and Asia maintain stable trade structures
Canada continues to be supplied primarily by Mexico, which accounts for approximately 70% of the market, while Peru supplements roughly 20% to 25% of the supply. In Asia, Peru maintains a clear leadership position in both Japan and South Korea, accounting for 85% to 90% of the fruit arriving in the Japanese market and virtually all shipments to South Korea.
