Peruvian Trade in 2024: Shrinking Citrus, Expanding Fabrics
Peruvian Mango Exports Decrease by 11% in 2024
Overview: Peruvian mango exports (HS 080450) declined by 11%, falling from $210.27M in 2023 to $186.96M in 2024. Despite the overall decrease, several markets showed increased demand for Peruvian mangos, while others experienced significant declines.
Top Markets:
Netherlands remains the largest importer, with a 3% increase in imports, reaching $70.66M in 2024.
Spain saw a 15% growth, with imports rising to $18.30M.
United Kingdom showed strong demand, with a 22% increase, totaling $12.25M.
United States, however, experienced a -17% decrease, dropping to $52.91M.
Significant Growth and New Markets:
France saw a 10% increase, reaching $6.53M in imports.
Guadalupe imports rose significantly by 505%, totaling $142K in 2024.
Declining and Shrinking Markets:
Belgium had a significant drop of -60%, importing only $2.81M compared to $6.93M in 2023.
Chile imports decreased by -37%, reaching $2.50M.
Germany also experienced a decline of -21%, totaling $2.02M.
Key Importers of Polyester Filament Fabrics in Peru
The polyester filament fabric (HS5407) market in Peru saw significant imports from key players. Colortex Perú S.A. led with $3.5M, while Inversiones Flotex followed closely with $2.8M.
Productos Paraíso del Perú and New Moon imported $2.7M and $2.2M, respectively, with G.O. Traders S.A. rounding out the top at $2.2M.
Peruvian Mandarin Exports Drop by 47% in 2024
Overview: Peruvian exports of mandarins (HS 080521) experienced a significant decline of 47% in 2024, with total exports falling from $29.85M in 2023 to $15.84M. Major markets such as the United Kingdom, Canada, and the United States saw notable declines, while some smaller markets experienced growth.
Key Markets:
United Kingdom saw the largest decrease, with a 60% decline, reducing imports to $3.53M in 2024.
Canada experienced a 36% decline, totaling $3.21M in 2024.
United States imports dropped by 46%, reaching $3M.
Japan showed a minor decrease of 3%, importing $2.61M in 2024.
Emerging and Growing Markets:
El Salvador saw significant growth, with imports increasing by 241% to $78K.
Colombia grew by 19%, importing $113K.
Costa Rica experienced a 134% increase in imports, reaching $31.9K.
Guadalupe emerged as a new market in 2024, importing $14.6K.
Declining Markets:
Ireland saw the steepest decline, with a 92% reduction in imports, totaling $79.7K in 2024.
Netherlands experienced a 49% drop, importing $2.33M.
Russia imports fell by 69%, totaling $150K.
Mexico and Ecuador saw declines of 33% and 62%, respectively.
Conclusion: Peruvian mandarin exports are facing challenges in major markets, particularly in Europe and North America. However, smaller markets such as El Salvador, Colombia, and Costa Rica are showing potential for growth. Peru may need to diversify its market strategy to mitigate the impacts of declining demand in traditional markets.
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