Peru: Onion exports were stagnant in 2022

Published 2023년 1월 30일

Tridge summary

Peruvian onion exports in 2022 had a steady volume but a 5% increase in value due to higher prices caused by high costs of fertilizers and logistics. The quality of the onions is variable, making international trade difficult, and the United States is the primary importer. The distribution of Peruvian onion exports was significantly affected in 2019 due to phytosanitary requirements in Panama and a reduction in demand from Europe in 2022. The high logistics costs also played a role in the shift in export destinations towards Colombia and the United States. The second half of 2022 saw a recovery in export volumes and values, with a 10% increase in volume and 16% increase in value compared to the same period in 2021, largely due to a decrease in logistics costs and a higher price received for the product.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This lack of interest is evident in the results of shipments in 2022. 300,868 tons were exported for a value of US$109 million, basically the same volume as in 2021 with a 5% growth in value due to the improvement in price. And it is precisely the price that discourages more investments. On average, in 2022, it was US$ 0.36 per kilogram and the increase originated from the higher costs associated with the lack of fertilizers and the still high logistics costs. In this sense, the higher price has not necessarily translated into better margins, and no incentives have been generated to expand cultivated areas. Peruvian onion production is relatively stable throughout the year and its cultivation occurs mainly on the country's coast in campaigns from July to March. However, the quality obtained is variable, with very different calibres (sizes), which makes international trade difficult. For example, the United States, the main global importer, usually demands large and giant sizes, so ...

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