Peru: Turmeric exports continue to grow in volume and value in 2023
Turmeric
Peru
Market & Price Trends
Published Nov 1, 2023
Tridge summary
Peruvian turmeric exports have seen significant growth in volume and value between January and September 2023, reaching 2,252 tons worth $3.7 million. Peru was ranked eighth in the world for turmeric supply in 2022, but its global position is expected to improve with these new results. The Netherlands was the main destination for Peruvian turmeric, followed by Spain and Canada, while Colombia entered the top five destinations.
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
In 2022, between January and September, Peru exported 1,878 tons of turmeric worth $2.3 million, a record at the time. Even though many agricultural products face challenges, turmeric stood out with a 20% increase in volume and 30% in value in the first nine months of 2023, reaching a total of 2,252 tons for $3.7 million, according to FresFruit. Currently, India is the world's largest supplier of turmeric, followed by Burma and the Netherlands (mainly a re-export country). In 2022, Peru was ranked eighth in the world ranking of turmeric supplying countries and first in Latin America. With these new results, its global position is expected to improve. The growth of Peruvian turmeric exports is in line with expectations of a 12.5% increase in global demand between 2020 and 2025. This is due to growing interest in health, anti-inflammatory properties and the growth of textile and cosmetics. An example of this is the Perú Moda & Deco 2023 event, which will feature 100% alpaca fiber ...
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