Peru: Poppy Seed Market Overview 2021

Poppy Seed Market Size in Peru

The Peruvian poppy seed market totaled $X in 2018, almost unchanged from the previous year. In general, consumption recorded a abrupt decline. Poppy seed consumption peaked at $X in 2011; however, from 2012 to 2018, consumption failed to regain the momentum.

Poppy Seed Production in Peru

In value terms, poppy seed production surged to $X in 2019 estimated in export prices. In general, production saw significant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Poppy seed production peaked in 2019 and is expected to retain growth in the immediate term.

In 2019, the average yield of poppy seed in Peru amounted to X kg per ha, standing approx. at 2018 figures. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The poppy seed harvested area in Peru stood at X ha in 2019, remaining constant against 2018. Overall, the harvested area recorded a relatively flat trend pattern.

Poppy Seed Exports

Exports from Peru

In 2019, exports of poppy seed from Peru surged to X tonnes, rising by X% on the previous year's figure. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Exports peaked in 2019 and are expected to retain growth in years to come.

In value terms, poppy seed exports skyrocketed to $X in 2019. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in the near future.

Exports by Country

Germany (X tonnes) was the main destination for poppy seed exports from Peru, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Germany was relatively modest.

From 2007 to 2019, the average annual growth rate of value to Germany was relatively modest.

Export Prices by Country

In 2019, the average poppy seed export price amounted to $X per tonne, falling by -X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum at $X per tonne in 2010; however, from 2011 to 2019, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2007 to 2019, the rate of growth in terms of prices for Germany amounted to X% per year.

Poppy Seed Imports

Imports into Peru

In 2019, the amount of poppy seed imported into Peru was estimated at X kg, therefore, remained relatively stable against the previous year's figure. Overall, imports recorded a precipitous descent. Imports peaked at X tonnes in 2011; however, from 2012 to 2019, imports failed to regain the momentum.

In value terms, poppy seed imports totaled $X in 2019. Over the period under review, imports showed a dramatic slump. Imports peaked at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2013, Spain (X kg) was the main supplier of poppy seed to Peru, with a approx. X% share of total imports.

From 2007 to 2013, the average annual rate of growth in terms of volume from Spain was relatively modest.

In value terms, Spain ($X) constituted the largest supplier of poppy seed to Peru.

From 2007 to 2013, the average annual growth rate of value from Spain was relatively modest.

Import Prices by Country

The average poppy seed import price stood at $X per tonne in 2013, growing by X% against the previous year. In general, the import price showed resilient growth. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. Over the period under review, average import prices hit record highs in 2013 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2007 to 2013, the rate of growth in terms of prices for Spain amounted to X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for poppy seed in the world?

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India (17K tonnes) remains the largest poppy seed consuming country worldwide, accounting for 18% of total volume. Moreover, poppy seed consumption in India exceeded the figures recorded by the second-largest consumer, Germany (8.1K tonnes), twofold. The third position in this ranking was occupied by Russia (7.2K tonnes), with a 7.7% share.

What are the largest producers of poppy seed in the world?

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The countries with the highest volumes of poppy seed production in 2019 were Turkey (27K tonnes), the Czech Republic (18K tonnes) and Spain (14K tonnes), with a combined 57% share of global production. These countries were followed by Australia, China, France, Hungary, Croatia, Germany, the UK, Slovakia and Austria, which together accounted for a further 36%.

What are the leading suppliers of poppy seed to Peru?

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In value terms, Spain ($3.5K) constituted the largest supplier of poppy seed to Peru.

What is the average export price for poppy seed in Peru?

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The average poppy seed export price stood at $4,706 per tonne in 2019, shrinking by -23.5% against the previous year.

What is the average import price for poppy seed in Peru?

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In 2013, the average poppy seed import price amounted to $7,826 per tonne, rising by 7.9% against the previous year.