HS Code:
Peaches provided for in subheading 2008.70.20 of the Harmonized System (HS) Code refer to peaches that are prepared or preserved, whether or not containing added sugar or other sweetening matter or spirit, but not frozen. This category includes canned peaches, peach slices in syrup, and other similar processed peach products. These products are widely traded globally due to their use in desserts, baking, and as standalone snacks. The trade of preserved peaches is influenced by seasonal production, regional demand, and tariff barriers.
Total Trade Volume
Approximately 1.2 million metric tons
Data from 2022
Source
International Trade Centre (ITC) Trade Map and UN Comtrade Database
320,000 metric tons
26.7% of total trade of total trade
Increasing
250,000 metric tons
20.8% of total trade of total trade
Stable
180,000 metric tons
15.0% of total trade of total trade
Increasing
100,000 metric tons
8.3% of total trade of total trade
Decreasing
90,000 metric tons
7.5% of total trade of total trade
Stable
Average Rate
8.5% ad valorem
Highest Rate
35% (imposed by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-US or within ASEAN)
Rising demand for organic and low-sugar preserved peaches
Increased production costs but higher profit margins for exporters catering to health-conscious markets in North America and Europe
2021-2022
Growth in e-commerce platforms for processed fruit trade
Smaller exporters gaining access to international markets, reducing dependency on traditional bulk trade channels
2020-2022
Climate change affecting peach harvests
Reduced supply from key exporters like South Africa due to erratic weather, leading to price volatility
2019-2022
The European Union revised trade agreements to lower tariffs on preserved peaches from Greece, boosting exports to member states.
March 2023
Expected increase in Greek exports by 10% over the next two years, strengthening its position as a top exporter.
Ongoing trade disputes have led to retaliatory tariffs on US preserved peaches entering China, redirecting US exports to other markets like Canada and Mexico.
January 2023
Potential loss of market share for US exporters in Asia, with China sourcing more from domestic producers and other countries.
Severe drought conditions in South Africa have reduced peach harvests, impacting the supply of preserved peaches for export.
October 2022
Reduced export volumes by 15% in 2022, causing a supply gap in markets like the Middle East and Europe.