Quinoa Market - Bolivia Ranks First Globally in Quinoa Exports Showing 28% Growth in 2014

Cereals August 31, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

quinoa market

Bolivia dominates in the global quinoa trade. In 2014, Bolivia exported 30 thousand tonnes of quinoa totaling 197 million USD, 28% over the previous year. Its primary trading partner on the global quinoa market was the U.S., where it supplied 60% of its total quinoa exports in value terms, accounting for 76% of the U.S. total imports.

Overall, the global quinoa trade reached 463 million USD, with a CAGR of 86% from 2012 to 2014. In physical terms, it showed steady growth, rising from 43 thousand tonnes in 2012 to 85 thousand tonnes in 2014.

In 2014, the U.S. (42%), Canada (15%), France (8%), the Netherlands (5%) and Germany (5%) were the leading destinations of quinoa imports, together making up 75% of global imports. The share of Germany increased (+2 percentage points), while the share of Canada illustrated negative dynamics (-4 percentage points).

Peru and the U.S. were among the other main global suppliers of quinoa in 2014 with a combined share of 49% of global exports. The fastest growing exporter from 2012 to 2014, however, was Peru (+153% % per year). This meteoric growth allowed the South American nation to significantly strengthen its position in the global exports structure, from 23% in 2012 to 42% in 2014.

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Source: World: Quinoa - Market Report. Analysis And Forecast To 2020