Avocado: review of the 2021 summer season on the European market
- Published on 4/10/2021 - Published by Market News Service of CIRAD
- Free
A losing gamble… which paid off!
Informations
- Product(s) : Avocado
- Rubrique / Thématique : Review and Forecasts
- Country : South africa , Europe , Peru
- Keywords : Export , Production
There is no arguing with the initial review: the 2021 summer campaign was the worst seen in Europe since 2015, in economic terms. According to figures still to be confirmed, our market barometer, with €8.70/box, registered an even lower level than in 2020, and 20 % below the four-year average. It is true that there was a colossal surge in volumes (probably more than 360 000 t for the combined imports from Peru and South Africa alone, i.e. a rise of more than 60 000 t). However, Peru managed big rises on its other export markets, achieving or even exceeding its objectives in Asia and Latin America. The only dark spot was in the USA, where volumes should ultimately only slightly exceed last season’s 80 000 t. However, production was too heavy to avoid flooding the EC market. With practically stable volumes of approximately 55 000 t, South Africa could only follow suit, and saw its market share continue to wane. Nonetheless, a positive point does emerge from this complex campaign: the huge volumes sold, which shows the capacity for consumption increases even in tough price contexts.
