Good year for Peruvian paprika, despite signs of slowdown already showing

Published 2024년 5월 5일

Tridge summary

Peruvian paprika has seen a surge in demand globally, with the product reaching nearly 20 destinations and generating remittances worth US$149 million in 2023, marking a 6% increase in volume and 33% increase in value from the previous year. The growth is attributed to increased production and higher pricing due to a shortage of Chinese and European paprika. North America, led by Mexico, is the primary market, with the United States also showing significant growth. In Europe, Spain was the main importer, but Russia experienced the largest increase. Central American and Brazilian markets also showed strong growth, with Brazil experiencing a price drop despite the growth in shipments.

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

Original content

Paprika has been incorporated into most cuisines on the planet. Due to this, its demand has been increasing throughout the world and its weight in the Peruvian agro-export basket has been growing. Currently, Peruvian paprika reaches almost 20 destinations, with 68 companies dedicated to its export. The commercial window for paprika usually covers the entire year due to presentations that allow for long storage and better shipping planning. Thanks to this, in 2023 remittances totaled 37,756 tons worth US$149 million. This meant a growth of 6% in volume and 33% in value. This year's production was able to increase due to the increase in crops and yields per hectare. The reason why this product was not so affected by the climatic phenomena of 2023 is because its growth is not only found on the north coast, but also in the center and south of the country. In addition, the international market has suffered a rise in prices due to a shortage of stocks of Chinese and European origin. ...

Source: Freshfruit.pe