Decline in Peruvian Banana Export Performance

Peruvian banana exports experienced a decline in both volume and value in January 2025 compared to the same period last year. A total of 13,111 tonnes of bananas were exported, generating USD 9.9 million, marking a 14% drop in volume and a 17% decline in value year-over-year. The lower export figures were attributed to both a reduction in supply and weaker pricing in international markets.

Factors Impacting Banana Exports

The decline in value was partially driven by a 3% decrease in average export prices, which fell to USD 0,76 per kg. Increased competition from Ecuador, the world’s largest banana exporter, also contributed to Peru’s struggles in maintaining its market share. While Ecuador remains free from Fusarium Race 4 Tropical—a fungus that has damaged Peruvian plantations—Peru continues to battle production constraints due to this disease.

Government Efforts to Address Phytosanitary Issues

To mitigate the impact of Fusarium Race 4 Tropical and prevent further production losses. The Peruvian government has established a working group under Ministerial Resolution No.0301-2024-MIDAGRI. This initiative aims to implement innovative disease-control techniques and ensure the long-term sustainability of banana cultivation in Peru.

Key Destination Markets for Peruvian Bananas

In January 2025, the Netherlands remained the largest importer of Peruvian bananas. They accounted for 35% of total exports with tonnes, valued at USD 3.5 million, at an average price of USD 0,76 per kg. The United States followed with a 19% share, importing tonnes. It valued at USD 1.9 million, at an average price of USD 0,72 per kg. Other major destinations included Belgium (9% share, USD 0,74 per kg), Panama (8% share, USD 0,73 per kg), and Italy (8% share, USD 0,73 per kg).

Conclusion: Competitive Pressures and Production Challenges Weigh on Exports

Peru’s banana export market is facing multiple challenges, including increased competition from Ecuador, falling prices, and disease-related production constraints. While government efforts to combat Fusarium Tropical Race 4 are underway. The long-term outlook for Peruvian banana exports will depend on improved disease control measures and sustained global demand. Traders and exporters will need to navigate these challenges carefully to maintain Peru’s position in the international banana trade.