Peru: Chili And Pepper Market 2025

Chili And Pepper Market Size in Peru

The Peruvian chili and pepper market declined modestly to $X in 2022, which is down by -2.9% against the previous year. Over the period under review, consumption, however, posted a buoyant increase. Over the period under review, the market attained the peak level at $X in 2021, and then declined slightly in the following year.

Chili And Pepper Production in Peru

In value terms, chili and pepper production totaled $X in 2022 estimated in export price. Overall, production, however, continues to indicate prominent growth. The growth pace was the most rapid in 2017 when the production volume increased by 81% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average yield of chilies and peppers (green) in Peru amounted to X tons per ha, surging by 2.2% on the previous year. The yield figure increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the yield increased by 11% against the previous year. The chili and pepper yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of chilies and peppers (green) production in Peru reduced to X ha, which is down by -10% compared with the year before. The harvested area increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when the harvested area increased by 25% against the previous year. As a result, the harvested area attained the peak level of X ha, and then reduced in the following year.

Chili And Pepper Exports

Exports from Peru

In 2022, shipments abroad of chilies and peppers (green) decreased by -0.5% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 76% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, chili and pepper exports rose rapidly to $X in 2022. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 96% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Italy (X tons) and the United States (X tons) were the main destinations of chili and pepper exports from Peru, together accounting for 53% of total exports. Chile, the Netherlands, Switzerland, the Czech Republic and Qatar lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +57.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) emerged as the key foreign market for chilies and peppers (green) exports from Peru, comprising 30% of total exports. The second position in the ranking was held by Italy ($X), with a 14% share of total exports. It was followed by Switzerland, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Spain stood at +20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+0.9% per year) and Switzerland (+66.1% per year).

Export Prices by Country

In 2022, the average chili and pepper export price amounted to $X per ton, surging by 10% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chili and pepper export price increased by +101.3% against 2015 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 36% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Chili And Pepper Imports

Imports into Peru

After two years of growth, purchases abroad of chilies and peppers (green) decreased by -4.1% to X kg in 2022. Overall, imports showed a significant decrease. The pace of growth was the most pronounced in 2015 when imports increased by 63% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, chili and pepper imports shrank to $X in 2022. In general, imports saw a sharp descent. The most prominent rate of growth was recorded in 2015 with an increase of 125% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X kg) was the main supplier of chili and pepper to Peru, with a 98% share of total imports. It was followed by Brazil (X kg), with a 2.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -30.4%.

In value terms, the United States ($X) constituted the largest supplier of chilies and peppers (green) to Peru, comprising 99% of total imports. The second position in the ranking was taken by Brazil ($X), with a 1.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -25.6%.

Import Prices by Country

In 2022, the average chili and pepper import price amounted to $X per ton, dropping by -4.2% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chili and pepper import price increased by +103.5% against 2014 indices. The pace of growth appeared the most rapid in 2015 an increase of 38% against the previous year. The import price peaked at $X per ton in 2021, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Brazil stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+56.3%).

Source: IndexBox Platform

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