Peruvian exports of oregano and turmeric grew in value 30% and 5% in 2021

Published 2022년 3월 8일

Tridge summary

In 2021, Peru experienced a significant growth in the export of oregano and turmeric, with the country earning US$20.1 million from oregano exports, a 30% increase from the previous year, and US$6.4 million from turmeric exports, a 5% increase from 2020. This growth is attributed to increased demand in the main markets such as Brazil, Spain, and Chile for oregano, and the Netherlands, Spain, and Canada for turmeric. Peru also found new markets for these products, including Bulgaria, Nicaragua, South Korea, Albania, and Paraguay. The Foreign Trade Research and Development Institute of the Lima Chamber of Commerce (Idexcam) has recommended that Peru should capitalize on this growth by increasing production and exports, given the potential health benefits of these products and Peru's current ranking as the tenth largest supplier of turmeric in the world.

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

Original content

(Agraria.pe) In 2021, Peru exported 7,355 tons of oregano for a value of US$20.1 million, which represented a 30% growth in value compared to the US$15.4 million reached in 2020, likewise, it registered an increase of 50% if we compare it with 2019 (US$ 13.4 million). This was reported by the Foreign Trade Research and Development Institute of the Lima Chamber of Commerce (Idexcam), who pointed out that this increase responds to an increase in demand from our main destination markets such as Brazil (US$ 8.6 million), Spain (US$3.1 million) Chile (US$2.4 million), Argentina (US$2.2 million) and Uruguay (US$1 million). It is worth mentioning that, in 2020, Peru began to export to two new markets: Saudi Arabia and Bolivia, with relatively low volumes, but which could increase this year. Meanwhile, in 2021 it was possible to enter a new market, Bulgaria. For Idexcam, the demand for this product will increase; therefore, it recommends that this growth should be properly exploited. In ...

Source: Agraria