Report Update Nov 1, 2024

Peru - Poppy Seed - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Poppy Seed Market 2024

Poppy Seed Market Size in Peru

After three years of growth, the Peruvian poppy seed market decreased by -8.2% to $X in 2022. Overall, consumption saw a perceptible contraction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Poppy Seed Production in Peru

In value terms, poppy seed production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 18%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

In 2022, the average yield of poppy seed in Peru amounted to less than X kg per ha, stabilizing at the year before. In general, the yield continues to indicate a relatively flat trend pattern. 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 poppy seed production in Peru amounted to less than X ha, therefore, remained relatively stable against the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern.

Poppy Seed Exports

Exports from Peru

In 2022, overseas shipments of poppy seed were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports continue to indicate prominent growth. The growth pace was the most rapid in 2014 with an increase of 295%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, poppy seed exports expanded slightly to $X in 2022. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 213% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Canada (X tons) and Cyprus (X kg) were the main destinations of poppy seed exports from Peru.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cyprus (with a CAGR of +89.1%).

In value terms, Canada ($X) and Cyprus ($X) were the largest markets for poppy seed exported from Peru worldwide.

In terms of the main countries of destination, Cyprus, with a CAGR of +135.1%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average poppy seed export price stood at $X per ton in 2022, declining by -10.3% against the previous year. Over the period under review, the export price, however, enjoyed a temperate expansion. The growth pace was the most rapid in 2017 when the average export price increased by 78% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+24.3%).

Poppy Seed Imports

Imports into Peru

Poppy seed imports into Peru was estimated at X kg in 2020, remaining constant against the year before. Overall, imports showed a sharp downturn. The smallest decline of 99.9% was in 2014. Imports peaked at X kg in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

In value terms, poppy seed imports totaled $X in 2020. In general, imports showed a sharp shrinkage. The smallest decline of 99.9% was in 2014. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, the Netherlands (X kg) constituted the largest poppy seed supplier to Peru, accounting for a approx. 50% share of total imports.

From 2013 to 2020, the average annual growth rate of volume from the Netherlands was relatively modest.

In value terms, the Netherlands ($X) constituted the largest supplier of poppy seed to Peru.

From 2013 to 2020, the average annual growth rate of value from the Netherlands was relatively modest.

Import Prices by Country

The average poppy seed import price stood at $X per ton in 2020, remaining relatively unchanged against the previous year. Overall, the import price saw a pronounced downturn. The pace of growth appeared the most rapid in 2014 when the average import price decreased by 99.9%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the Netherlands.

From 2013 to 2020, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for poppy seed in the world?

The country with the largest volume of poppy seed consumption was Turkey, accounting for 22% of total volume. Moreover, poppy seed consumption in Turkey exceeded the figures recorded by the second-largest consumer, Germany, threefold. Poland ranked third in terms of total consumption with a 6.6% share.

What are the largest producers of poppy seed in the world?

The countries with the highest volumes of poppy seed production in 2020 were Turkey, the Czech Republic and Spain, together accounting for 58% of global production. Australia, China, France, Hungary, Croatia, Slovakia, Germany, Austria and Palestine lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of poppy seed to Peru?

In value terms, the Netherlands $191) constituted the largest supplier of poppy seed to Peru.

What is the average export price for poppy seed in Peru?

The average poppy seed export price stood at $4,192 per ton in 2020, approximately reflecting the previous year.

What is the average import price for poppy seed in Peru?

In 2020, the average poppy seed import price amounted to $6,367 per ton, standing approx. at the previous year.

This report provides an in-depth analysis of the poppy seed market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 296 - Poppy seed

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023