HS Code:
Peaches, classified under HS Code 080930, encompass fresh peaches and nectarines. This category is a significant segment of the global fruit trade, with peaches being a popular temperate fruit cultivated in various regions worldwide. The trade of peaches is driven by seasonal production, climatic conditions, and consumer demand for fresh and processed fruit products. Key factors influencing this market include agricultural practices, pest management, and international trade agreements that facilitate or restrict market access.
Total Trade Volume
3.5 million metric tons
Data from 2022
Source
United Nations Comtrade Database and FAO Statistics
1.2 million metric tons
34.3% of total trade of total trade
Increasing
0.9 million metric tons
25.7% of total trade of total trade
Stable
0.6 million metric tons
17.1% of total trade of total trade
Decreasing
0.3 million metric tons
8.6% of total trade of total trade
Increasing
0.2 million metric tons
5.7% of total trade of total trade
Stable
Average Rate
8.5%
Highest Rate
35% (imposed by certain developing countries to protect local agriculture)
Lowest Rate
0% (under free trade agreements such as EU internal trade or USMCA)
Increasing demand for organic peaches
Higher prices for organic-certified products and growth in niche markets, particularly in Europe and North America
2021-2022
Shift towards off-season imports from Southern Hemisphere
Countries like Chile and South Africa are gaining market share in Northern Hemisphere off-seasons, balancing year-round supply
2020-2022
Adoption of sustainable farming practices
Reduced pesticide use and improved water management are becoming key selling points, influencing consumer preferences and trade policies
2019-2022
The European Union and Chile finalized negotiations to reduce tariffs on agricultural products, including peaches, enhancing market access for Chilean exporters to Europe.
December 2022
Expected to increase Chilean peach exports to the EU by 15% over the next five years, potentially affecting European producers.
The United States introduced tighter regulations on peach imports to prevent the spread of fruit flies, requiring additional certifications from exporting countries.
March 2023
Increased costs and delays for exporters from affected regions, potentially reducing trade volume from smaller producers.
Unseasonal frosts in Italy led to a 20% reduction in peach production, affecting global supply and driving up prices.
April 2023
Higher prices for consumers and increased opportunities for other exporting countries to fill the supply gap in European markets.