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Export of Peruvian Organic Bananas Set to Grow 10%

30.11.2018

Annual production of organic bananas currently amounts to 280,000 tons, of which 82% goes to foreign markets, the Chamber of Commerce of Lima reported.

Exports of organic Peruvian bananas will register a recovery this year with amounts that will exceed US $ 160 million, representing a growth of 10% over the previous year, according to the Foreign Trade Research and Development Institute (IDEXCAM) of the Chamber of Commerce of Lima (CCL).

In 2017, the national export of organic bananas reached US $ 148.5 million, which represented a reduction of 2% relative to 2016.

"For the end of the year we expect a more dynamic behaviour of shipments, we are convinced that the exports of this product will continue to increase and surpass the figures sent in previous years" said Carlos Posada, executive director of Idexcam-CCL.

Until August 2018, Peruvian exports of organic bananas totalled US $ 114.4 million, representing a growth of 12% compared to the same period of the previous year.

"In terms of volume, in that period the exported weight totalled 158,670 tons and for December, it is estimated that it will exceed 230,093 tons, which represents an increase of 14% in relation to 2017", estimated Posada.

The annual production of organic bananas amounts to 280,000 tons, of which 82% goes to the foreign market, said the CCL.

Organic Peruvian bananas are currently exported to 31 countries, with 80% concentrated in three main markets led by Holland, followed by the United States and Germany.

The participation of each country in Peruvian exports during 2017 was distributed as follows: Netherlands 36%; United States 30%; Germany 14%; Belgium, Finland and South Korea 5% each informed the CCL.

It should be noted that from 2015 to 2017, the list of the main destination markets has varied.

In 2015, the United States was the main importer followed by the Netherlands. However, in 2016 and 2017, the situation was reversed and Holland became the largest buyer. Meanwhile, in the last three years, Germany and Belgium were positioned as the third and fourth destination markets, respectively.

South Korea and Finland occupied positions 5 and 6, respectively, during 2015 and 2016 and in 2017 Japan ranked 7th. Finally, in 2017, Italy, the United Kingdom and Canada were positioned as the last three main destination markets.

"With this favourable outlook, producers must take into account the requirements of the international markets, so it is important to ensure that organic certifications are recognized by these countries, and it is essential to comply with the packaging specifications" Posada noted.

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