Peruvian table paprika gains ground from China and would strengthen its presence in Mexico this year

Published 2023년 2월 10일

Tridge summary

Peruvian exports of dried paprika to Mexico experienced a 64% surge in value, reaching US$56.8 million from January to November 2022, due to issues with Mexico's domestic production and climatic challenges in China, a key competitor. This growth positions Peru as a dominant supplier, with exports to Mexico projected to hit US$80 million by year-end 2023. In contrast, exports to Spain saw a 20% decline due to lower prices from Chinese suppliers. Despite the price disadvantage, Peruvian producers continue to find success in the Mexican market due to the quality of their product and the quality concerns with Chinese paprika. Overall, Peruvian paprika exports to all markets saw a 14% increase, totaling US$108.8 million from January to November 2022.

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

Original content

(Agraria.pe) Peruvian shipments of dried paprika to Mexico grew in value 64%, going from US$34.6 million from January to November 2021, to US$56.8 million in the same period last year, according to figures from the Agroexport Management of the Association of Exporters of Peru (ADEX). This increase is explained by the problems of national production of table paprika in Mexico, which generates shortages; and the climatic problems in China, the main competitor in the international market, says Walter Seras, commercial manager of the agro-export company Alprosac and former president of the ADEX Capsicum Committee. “There is no major recharge or replacement planned for this year. We are a bit alone in the market, which gives us a comparative advantage and allows us to obtain better prices,” he said. In this sense, it estimates that exports to Mexico could reach US$80 million by the end of 2023. As he explained, Mexico placed a limitation on table paprika from China because this country ...

Source: Agraria