Imported Peruvian Asparagus Rebounds in 2021

Imported Peruvian Asparagus Rebounds in 2021

Peru has become the largest supplier of asparagus in the world, with 72 percent of its volume being imported by the U.S.

Agrara reports between January and October, Peruvian fresh asparagus exports reached 107,431 tons worth $330 million, showing an increase of 13 percent in both volume and value compared to the same period last year.

Border closings and flight restrictions during the first half of 2020 resulted in difficulties, with more than 80 percent of shipments being made by air.

There were positive results during the second half of the year, but it was not enough to counteract the decline, although it served to keep the numbers very similar to those of 2019.

From January to July 2021, exports totaled 63,302 tons worth $185 million, 24 percent more in volume and 19 percent more in value when compared to the same period the previous year. This year’s increase in supply has caused a slight contraction in prices of 4 percent, which fell to $2.98 per kilogram.

From August to October, asparagus shipments reached 45,129 tons worth $144 million, 1 percent more in volume and 6 percent more in value when compared to the same period last year.

According to estimates, asparagus exports at the end of 2021 will total 140,500 tons worth $422 million, which would reflect a growth of 10 percent in volume and value.

This should result in Peru would once again being the largest supplier of asparagus in the world, since Mexican asparagus exports are estimated to reach $415 million at the end of 2021, coming in second in the supplier ranking.

The main markets for Peruvian asparagus are the U.S. (with a 72 percent share), the Netherlands (7.4 percent), Spain (7 percent), and the UK (6.9 percent).