Peru: Chili And Pepper Market 2024

Chili And Pepper Market Size in Peru

The Peruvian chili and pepper market reached $X in 2022, flattening at the previous year. In general, consumption, however, continues to indicate a resilient expansion. Chili and pepper consumption peaked in 2022 and is likely to see steady growth in years to come.

Chili And Pepper Production in Peru

In value terms, chili and pepper production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of chilies and peppers (green) in Peru dropped to X tons per ha in 2022, therefore, remained relatively stable against the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the yield increased by X%. The chili and pepper yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The chili and pepper harvested area in Peru contracted slightly to X ha in 2022, remaining stable against the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the harvested area attained the peak level of X ha, leveling off in the following year.

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Chili And Pepper Exports

Exports from Peru

In 2022, overseas shipments of chilies and peppers (green) decreased by X% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports, however, posted tangible growth. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, chili and pepper exports reduced markedly to $X in 2022. In general, exports, however, saw a resilient increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons), the United States (X tons) and Spain (X tons) were the main destinations of chili and pepper exports from Peru, with a combined X% share of total exports. Free Zones, Panama, the United Arab Emirates, Switzerland and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United States ($X) and Spain ($X) appeared to be the largest markets for chili and pepper exported from Peru worldwide, together comprising X% of total exports. The Netherlands, the United Arab Emirates, Panama, Switzerland and Free Zones lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chili and pepper export price amounted to $X per ton, waning by X% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chili and pepper export price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Free Zones ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chili And Pepper Imports

Imports into Peru

Chili and pepper imports into Peru totaled X kg in 2022, leveling off at 2021. Overall, imports faced a sharp decrease. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, chili and pepper imports fell to $X in 2022. In general, imports faced a precipitous shrinkage. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X kg) was the main chili and pepper supplier to Peru, with a X% share of total imports. It was followed by Brazil (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to X%.

In value terms, the United States ($X) constituted the largest supplier of chilies and peppers (green) to Peru, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%.

Import Prices by Country

The average chili and pepper import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then reduced in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Source: IndexBox Platform