Peru: Ginger fever lingers

Published 2021년 7월 11일

Tridge summary

Peruvian ginger exports saw a significant surge in 2020 due to the pandemic, with a 160% increase in revenue compared to 2019, reaching US $ 140.37 million. The first five months of 2021 continued this growth, with a 8% increase in volume and 22% increase in value. The United States was the primary market, accounting for 58% of total exports, with organic ginger making up 69% of these exports. However, exports to the Netherlands experienced a decline, with a 10% decrease in volume and 2% decrease in value. The price of organic ginger increased by 14%, while non-organic ginger saw a price decrease of 17%. In the first quarter of 2021, China and Peru were the leading ginger suppliers to the Netherlands, with Peru's product being more expensive.

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

Original content

In the midst of the global pandemic unleashed by COVID-19, ginger gained much popularity as a natural product with notable benefits for the respiratory system. As a result, Peruvian exports of this root experienced a growth of 160%, going from US $ 40.18 million in 2019 to US $ 140.37 million in 2020. Currently, the consumption of Peruvian "kión" in the world continues to rise. In the first five months of 2021, Peruvian ginger shipments totaled 14,045 tons for US $ 32.52 million, which represented a growth of 8% in volume and 22% in value. This variation occurred due to an increase in the price of this product, which had a price of US $ 2.32 per kilogram, 13% higher than in the first five months of 2020 (US $ 2.05 per kilogram). Likewise, January was the month in 2021 that registered the highest growth in value: 84%, that is, a difference of US $ 4.28 million with respect to January 2020. On the other hand, shipments during May had a contraction of 47% or a drop of US $ 2.36 ...

Source: Freshfruit.pe