Peru records 42% growth in piquillo export volume in 2025

Peru is consolidating its role in the global niche of processed capsicum products, with canned piquillo peppers emerging as a key export line amid shifting supply conditions in major producing regions.

In 2024, global trade in sweet and spicy peppers reached approximately US$7.5 billion. Mexico (23.9%), Spain (22.8%), the Netherlands (15.5%), Canada (8.0%), and the United States (5.2%) accounted for around 75% of total export value.

This market has been affected by climate-related volatility and phytosanitary issues. Spain faced a difficult campaign in Almería due to Thrips parvispinus and adverse weather, reducing availability for European buyers.

Mexico recorded slight reductions in cultivated area and continued to face uncertainty regarding potential 25% U.S. tariff measures, while Canada saw greenhouse surface reductions linked to Fusarium. Early-year frosts in Mexico also contributed to temporary supply gaps. These factors opened short-term opportunities for alternative origins, including Peru.

Between January and September 2025, Peru exported 25,866 tonnes of piquillo peppers valued at US$58 million FOB, representing growth of 42% in volume and 32% in value compared with the same period in 2024. However, the average export price declined 6%, reaching US$2.24/kg, reflecting strong competitive pressure. Spain remained the leading destination, receiving over 80% of shipments.

Looking ahead, Peru’s main opportunities are tied to seasonal advantage and increasing demand for certified organic and traceable processed foods in Europe and North America. The primary challenge remains maintaining price competitiveness in a market defined by tight margins and concentrated supply from a small number of global exporters.

source: agraria.pe

photo: cien.adexperu.org.pe