Peruvian coffee exports exceed $1 billion one month before closing 2024

In 2024, Peruvian coffee exports experienced a significant boost, with a 16% increase in volume and 25% increase in value compared to the previous year, capitalizing on the volatility in global coffee prices and production challenges in Brazil. The average price per kilogram also saw a 7% increase. Despite these successes, the coffee market faces uncertainty due to unpredictable global supply and internal production challenges. Emerging markets like China have contributed to the demand surge, while the United States, Germany, and Belgium remain key importing countries. Peruvian grain exports have also seen growth, with the United States as the leading destination. However, Peruvian producers and exporters face challenges such as weather conditions, forest fires, and pests, which could impact future production and market stability.

2024 was characterized by marked volatility in coffee prices. During the first months, prices were below 2023 levels, but from July onwards, the trend reversed, reaching a historical high of $5.08 per kilogram in October. Until November, Peru exported 240,420 tons of coffee for $1,035 million, which represented an increase of 16% in volume and 25% in value compared to the previous year. According to Fresh Fruit, the average price was also 7% higher, trading at $4.30 per kilogram. Until the end of November, in the year-to-date, Peruvian exports managed to partially take advantage of the opportunities generated by the uncertainty of coffee production in Vietnam and Brazil, due to adverse weather conditions. This panorama increased the demand for South American coffee, improving prices and benefiting Peruvian exports. However, local production could not fully satisfy the increase in demand generated by these events. On the other hand, the growth in demand in emerging markets such as ...