Peru: Market for Glycosides And Vegetable Alkaloids 2025

Market Size for Glycosides And Vegetable Alkaloids in Peru

The Peruvian glycosides and vegetable alkaloids market rose remarkably to $X in 2021, surging by 8.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed resilient growth. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Exports of Glycosides And Vegetable Alkaloids

Exports from Peru

In 2021, shipments abroad of glycosides and vegetable alkaloids was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports posted a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 209%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, glycosides and vegetable alkaloids exports surged to $X in 2021. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of 322% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X tons), Free Zones (X tons) and Bolivia (X tons) were the main destinations of glycosides and vegetable alkaloids exports from Peru, together accounting for 69% of total exports. Australia, China, the United States and Nicaragua lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Nicaragua (with a CAGR of +143.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Free Zones ($X) and the United States ($X) constituted the largest markets for glycosides and vegetable alkaloids exported from Peru worldwide, together comprising 76% of total exports. These countries were followed by Bolivia, Australia, China and Nicaragua, which together accounted for a further 13%.

Nicaragua, with a CAGR of +107.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average glycosides and vegetable alkaloids export price amounted to $X per ton, waning by -19.7% against the previous year. Over the period under review, the export price recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 54% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glycosides And Vegetable Alkaloids

Imports into Peru

Glycosides and vegetable alkaloids imports into Peru skyrocketed to X tons in 2021, growing by 20% on the previous year's figure. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 78% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, glycosides and vegetable alkaloids imports skyrocketed to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.3% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Costa Rica (X tons) and India (X tons) were the main suppliers of glycosides and vegetable alkaloids imports to Peru, with a combined 79% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Costa Rica (with a CAGR of +92.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of glycosides and vegetable alkaloids to Peru, comprising 32% of total imports. The second position in the ranking was held by India ($X), with a 16% share of total imports. It was followed by Costa Rica, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.5% per year) and Costa Rica (+126.6% per year).

Import Prices by Country

In 2021, the average glycosides and vegetable alkaloids import price amounted to $X per ton, rising by 4.3% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2017 an increase of 32% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+17.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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