Asian countries are the main destinations of sacha inchi oil

Published 2021년 9월 24일

Tridge summary

Peruvian sacha inchi oil exports experienced a 7% increase between January and July 2021, totaling US $ 1 million 654 thousand, with Taiwan and Malaysia being the primary markets. Despite Taiwan's order decrease, countries like Spain, Germany, and Mexico raised their orders. The pandemic has shifted consumer preferences towards nutrient-rich products, and the Peruvian Exporters Association (ADEX) urges businesses to capitalize on this trend. In 2020, Peruvian sacha inchi oil exports saw a 52.8% growth, reaching US $ 3.3 million, with Asia being the leading continent. Prices in supermarkets vary by destination and product type. Throughout 2016 to 2020, the average FOB export price of sacha inchi oil saw a 6.2% annual decrease.

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

Original content

Taiwan and Malaysia were the most important markets for Peruvian sacha inchi oil, jointly concentrating 70% of the total shipments, which between January and July amounted to US $ 1 million 654 thousand, reported the Association's Agro-Export Management Exporters (ADEX). Sacha inchi is cultivated in the Amazon and is rich in omega and antioxidants, it is also in demand for its benefits in cosmetics (it helps protect the skin and hair). All this influenced the amount of this year (US $ 1 million 654 thousand) to grow 7% compared to the same period last year (US $ 1 million 543 thousand). Between January and July 2021, Taiwan requested it for US $ 691,621, concentrating 42% and Malaysia for US $ 467,340, 28% –conventional and organic presentation–. While Taiwan reduced its orders by -25%, others such as Malaysia, Spain and Germany increased it by 144%, 224% and 499%, respectively. The US, Czech Republic, New Zealand, Australia, Canada and Mexico also made up this portfolio. In the ...

Source: AdexPeru