Peruvian shipments of turmeric totaled 2,252 tons for US$ 3.7 million between January and September

Turmeric

Peru

Market & Price Trends

Published Oct 31, 2023

Tridge summary

Peruvian turmeric exports have seen a significant increase in volume and value compared to the previous year, reaching 2,252 tons for US$3.7 million. Peru, which was already the top turmeric supplier in Latin America, is expected to improve its global position due to this growth. The Netherlands, Spain, and Canada were the top destinations for Peruvian turmeric, with Colombia entering the top 5.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

(Agraria.pe) Between January and September 2023, Peruvian exports of turmeric reached 2,252 tons for US$ 3.7 million, registering an increase of +20% in volume and +30% in value compared to 1,878 tons per US$ 2.3 million reached in the same period of the previous year. Currently, India is the world's largest supplier of turmeric, followed by Burma and the Netherlands (a “re-exporter” actually). In 2022, Peru was ranked 8th in the world ranking of turmeric supplier countries and 1st in Latin America, so, with the new results, its global position is expected to improve. The growth of Peruvian turmeric exports is aligned with the expectations that existed about this product, which was forecast to increase its global demand by 12.5% between 2020 and 2025, explained by the increase in concern for health, anti-inflammatory properties and the growth of the textile and cosmetic market. An example of this is that the Peru Moda & Deco 2023 event will present in its parade garments made of ...

Source: Agraria