Peru: Quinoa fell in 2022 due to new competitors in the international market

Published 2023년 3월 11일

Tridge summary

Peru's dominance as the world's largest quinoa supplier is being challenged by new producers, leading to a displacement of Peruvian quinoa and affecting other producers like Bolivia. Despite accelerated growth in quinoa crops in Peru, international prices in 2022 did not meet expectations, and shipments declined. The logistics crisis and lack of product differentiation also hindered the development of Peruvian quinoa. The high freight costs caused by quinoa crops in European countries, such as Spain and France, further diminished the competitiveness of distant producers like Peru and Bolivia. In 2022, Peruvian quinoa exports saw an 8% drop in volume and a 12% drop in value, with the United States being the main destination. Efforts are being made to differentiate the product and involve the state in the process.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Quinoa is a product that has gained popularity in the international market due to its great nutritional properties. Currently, the largest supplier in the world is Peru. However, its leadership has been threatened by the entry of new producers who have gradually gained space in the main markets. In 2022, the new competition has not only generated a displacement in the Peruvian product, but has also affected other large producers such as Bolivia, which, due to its lower yield per hectare and lower profitability, has been seriously affected. The growth of quinoa crops in Peru was accelerated. In 2006, planted hectares went from 28,600 to 64,200 in less than a year. This due to the fame gained as a Superfood throughout the world. However, this rate of growth has not been sustained over time. Before the pandemic, there was a record of 67,200 hectares, barely 3,000 new hectares in 15 years. For the year 2023, an intention to sow close to 76,000 hectares is reported. However, since ...

Source: Freshfruit.pe