Price of Peruvian paprika falls in Spain

Published 2021년 4월 25일

Tridge summary

In 2020, Peruvian paprika exports saw a growth of 17% in volume and 3% in value, reaching 26 thousand tons valued at US $ 67 million. Mexico and the United States were the leading buyers, with Spain importing the highest volume despite being the third largest buyer in value. Peruvian paprika had a 21% share in the Spanish market, despite not meeting the technical standards for safety. However, it fetched higher prices than paprika from other countries. Recently, Peru's National Institute of Quality issued a technical standard to ensure quality and minimize contamination risks, which is expected to make the product more competitive in the international market.

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

Original content

In 2020, Peruvian paprika shipments to the world amounted to 26 thousand tons for US $ 67 million, 17% more in volume and 3% more in value compared to 2019. Although in terms of value, the Spanish market found itself In third place (US $ 18 million), surpassed by Mexico (US $ 27 million) and the United States (US $ 21 million), Spain was the country that imported the most volume of Peruvian paprika in 2020: 10,000 tons. Within the European country, Peruvian paprika accumulated a 21% share in volume and had China as its main competitor. Both countries accounted for 95% of Spain's paprika imports. Despite the fact that Peruvian paprika did not have the necessary technical standard to guarantee the safety and good practices of this crop, it received better prices than paprika from other countries. While Chinese paprika was priced at US $ 1.94 per kilogram, the Peruvian product was priced at US $ 2.07 per kilogram. However, this price implied a 13% drop compared to that obtained in ...

Source: Freshfruit.pe