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Global tropical fruit exports recovered after supply decline in 2022
VU
According to data from the Food and Agriculture Organization of the United Nations (FAO), the global trade of major tropical fruits reached a new peak of $11.2 billion in 2023, marking an increase of approximately +12% compared to 2022.
Favorable weather conditions led to increased production in several critical tropical fruit-producing regions, notably a significant surge in avocado supply from Mexico and pineapple from Costa Rica. Mango, mangosteen, and guava exports also benefited from heightened production in South American and Asian suppliers, along with the resolution of supply chain disruptions that affected shipments to China in 2022. However, adverse weather conditions, including hurricane damage and lack of sunlight, reduced production in key producing areas and hindered papaya exports.
On the import side, positive developments in the hospitality sector supported demand growth in both the United States and the European Union, the two leading importers, especially for avocados and pineapples. FAO indicates that consumers in both markets also displayed an increased inclination to spend on nutrient-rich foods at retailers, despite inflationary pressures.
