Peru’s 2024 Trade Trends: Sea Urchin Decline, Bonito and Turmeric Surge, and India Dominates Cotton Yarn Imports
From a 6% dip in frozen sea urchin exports to a 38% rise in fresh turmeric, Peru’s trade landscape is dynamic. Discover the key players behind these shifts and India’s leading role in cotton yarn.
Today’s insights:
Peru’s Frozen Sea Urchin Market Contracts by 6%: Meet the Top Exporters and New Entrants in 2024.
India Leads Peru’s Cotton Yarn Imports with $50.1M in 2024: Meet the Top Supplier Companies.
1. Peru’s Frozen Sea Urchin Market Contracts by 6%: Meet the Top Exporters and New Entrants in 2024
From January to July, Peru's exports of #fozen sea urchin (HS 030822) experienced a slight decline, decreasing by 6% from $1.97M in 2023 to $1.85M in 2024.
Here's the top exporters:
1. Mega Pesca S.A.
2. Oceans Fish Company S.A.C. - Ofc S.A.C.
3. Lamcor Corporacion S.A.C. - Lamcor S.A.C. (new in 2024)
4. Fp Fishing Trade S.A.C. (new in 2024)
2. Bonito IQF Exports in Peru Up 19%
The bonito IQF exports in Peru has seen significant growth in the January to July period of 2024 compared to 2023. Overall exports have increased from $1.46M in 2023 to $1.73M in 2024, a 19% rise.
Here's the top exporters:
1. Tecnologica De Alimentos S.A. (new in 2024)
2. Industrial Conservera San Pedro SAC (new in 2024)
3. Inversiones Pesqueras Liguria S.A.C.
4. Pesquera Exalmar SAA
5. Dexim Perú Srl
3. 38% Growth in Peru’s Fresh Turmeric Exports for 2024
Top Exporting Companies for Fresh Turmeric in Peru (2024):
1. Cooperativa Agraria Vancardbio Pichanaqui Ltda: $483.76K (new entry)
2. ELISUR ORGANIC S.A.C.: $310.61K
3. JCH Agroexportaciones S.A.C.: $308.70K
4. VANCARD PERU SAC: $226.47K
5. Agronegocios La Grama S.A.C.: $196.72K
6. Agricola Nuestra Tierra Selva S.A.C.: $177.52K
7. GAVILAN ORGANIC S.A.C: $155.47K
8. Agrocentro Peru E.I.R.L: $152.88K (new entry)
9. SOBIFRUITS S.A.C.: $132.52K
10. MIKHUNA PERUVIAN FOODS Solutions S.A.C.: $126.16K (new entry)
From January to August across 2023 and 2024, Peru's exports of fresh turmeric (HS 091030) saw a substantial increase of 38%, rising from $3.03M to $4.19M. This growth indicates a rising global demand for fresh turmeric, known for its health benefits and culinary uses.
The introduction of new companies such as Cooperativa Agraria Vancardbio Pichanaqui Ltda and Agrocentro Peru E.I.R.L into the top exporters list highlights the dynamic nature of the market and the opportunities for new entrants. The substantial growth rates of existing companies like Jch Agroexportaciones S.A.C. and Elisur Organic S.A.C. underscore their successful expansion and adaptation strategies in a competitive market.
4. India Leads Peru’s Cotton Yarn Imports with $50.1M in 2024: Meet the Top Supplier Companies
India is the top international supplier of cotton yarns (SA5205) to Peru, exporting $50.1 million during the first quarter of 2024.
Among the leading supplier companies are:
1. Ariescope El Mejor Trading Pte. Ltd. - $7,154,275
2. Kewalram Textiles Pvt Ltd - $6,351,565
3. Relishah Export - $4,459,714
4. SRI NUKALA RAMA KOTESWARA RAO TEXTILES PRIVATE LIMITED - $4,431,094
5. KUBE EXIM Pte Ltd - $1,256,956
6. RADIANT TEXTILES LIMITED - $1,880,883
7. WINTAS TEXTILES RAJKOT - $999,204
8. Lahoti Overseas Limited - $827,760
9. KCTEX INTERNATIONAL LIMITED - $671,008
10. Texglobal Essentials Pvt Ltd - $544,578
That’s all for today…
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