Peru Asparagus HS070920 Export Data 2025 October Overview

Peru Asparagus (HS 070920) 2025 October Export: Key Takeaways

Peru's Asparagus (HS Code 070920) Export in October 2025 is dominated by the US, which accounts for 73% of export value but 78% of weight, reflecting bulk trade at lower prices, while premium EU markets like Spain and the UK pay higher unit prices for specialized grades. The US market remains critical due to tariff exemptions, but diversifying into value-added EU offerings could boost profitability. This analysis covers October 2025 and is based on cleanly processed Customs data from the yTrade database.

Peru Asparagus (HS 070920) 2025 October Export Background

What is HS Code 070920?

HS Code 070920 refers to asparagus, fresh or chilled, a high-value agricultural product primarily used in the food industry for retail and culinary applications. Global demand remains stable due to its popularity in health-conscious diets and gourmet cuisine. Peru is a key exporter, leveraging its favorable climate and year-round production capabilities to supply major markets.

Current Context and Strategic Position

As of October 2025, Peru’s asparagus exports under HS 070920 are influenced by updated trade rules under the EU-Colombia-Peru-Ecuador Trade Agreement, which revised product-specific rules of origin to align with the 2022 HS updates [European Commission]. While Peru benefits from preferential access in some markets, competitive pressures and evolving tariffs—such as the exclusion of certain Peruvian food products from U.S. exemptions—highlight the need for vigilance in export strategy [SAHM Capital]. Peru’s role as a leading asparagus exporter (HS Code 070920) in 2025 underscores its reliance on stable trade terms and adaptability to regulatory shifts.

Peru Asparagus (HS 070920) 2025 October Export: Trend Summary

Key Observations

Peru's asparagus exports under HS Code 070920 reached $92.66 million in value and 25.95 million kg in volume for October 2025, marking the highest monthly performance of the year and signaling strong end-of-year trade momentum.

Price and Volume Dynamics

The October surge represents a significant quarter-over-quarter increase from Q3 averages, with value up approximately 25% from July-September levels, driven by typical seasonal harvest cycles in Peru's asparagus production. Asparagus exports often peak in the latter half of the year due to optimized growing conditions and harvest schedules, explaining the upward trend from lower figures in early 2025 like February's $14.67 million. This seasonal pattern, rather than abrupt external shocks, primarily fueled the volume and value growth, reflecting consistent demand in key markets.

External Context and Outlook

Updated trade agreements, such as the [EU Taxation and Customs] HS 2022 revisions effective August 2025, likely supported smoother export processes by aligning rules of origin, reducing administrative barriers for Peru Asparagus HS Code 070920 Export 2025 October flows. With the US-Peru Trade Promotion Agreement remaining intact (USITC HTS), stable access to major markets underpins the positive outlook, though broader tariff environments warrant monitoring for any shifts affecting agricultural exports.

Peru Asparagus (HS 070920) 2025 October Export: HS Code Breakdown

Product Specialization and Concentration

In October 2025, Peru's export of asparagus under HS Code 070920 is entirely focused on fresh or chilled asparagus, with no other sub-codes present. According to yTrade data, this single product category accounts for all exports, with a unit price of 3.57 USD per kilogram, indicating a specialized market for fresh produce without significant price variations or anomalies.

Value-Chain Structure and Grade Analysis

With only one sub-code for fresh or chilled asparagus, the export structure is uniform and centered on bulk agricultural commodities. This suggests that Peru's asparagus exports are primarily fungible goods, traded in large volumes with pricing likely influenced by seasonal factors and global agricultural indices, rather than differentiated or processed forms.

Strategic Implication and Pricing Power

For Peru Asparagus HS Code 070920 Export in 2025 October, the lack of product diversity means pricing power is constrained by commodity market dynamics. Exporters should focus on maintaining quality and efficiency to compete, as bulk fresh produce typically faces price sensitivity and competition from other regions.

Check Detailed HS 070920 Breakdown

Peru Asparagus (HS 070920) 2025 October Export: Market Concentration

Geographic Concentration and Dominant Role

Peru Asparagus HS Code 070920 Export 2025 October is overwhelmingly concentrated in the United States, which accounted for 72.63% of the total export value but 78.09% of the weight. This disparity, where the value share is lower than the weight share, confirms this is a bulk commodity trade where the US pays a lower average unit price of approximately $3.32 per kg for high-volume purchases.

Partner Countries Clusters and Underlying Causes

Two distinct buyer clusters emerge. The first is a premium EU cluster, led by Spain and the UK, which together account for nearly 20% of the value. They show a higher value-to-weight ratio, indicating they likely pay more for higher-grade or specially packaged asparagus. The second is a diversified cluster of other EU nations and North American partners like Canada and Brazil. These countries have smaller, frequent orders, suggesting they serve niche markets or specific retail chains rather than bulk distribution.

Forward Strategy and Supply Chain Implications

Exporters should prioritize the high-volume US market, which benefits from a continued tariff exemption on many Peruvian food products [Sahm Capital]. To increase profitability, a strategy of product differentiation is key: maintain bulk shipments to the US while developing premium, value-added offerings for the European markets to capitalize on their willingness to pay a higher price per kilogram.

Table: Peru Asparagus (HS 070920) Top Partner Countries (Source: yTrade)

Get Complete Partner Countries Profile

Peru Asparagus (HS 070920) 2025 October Export: Action Plan for Asparagus Market Expansion

Strategic Supply Chain Overview

The Peru Asparagus Export 2025 October market for HS Code 070920 operates as a bulk commodity trade. Price is driven by volume-based discounts to dominant US buyers and quality premiums from selective EU importers. Global agricultural indices and US tariff policies directly influence costs. Supply chains must prioritize speed-to-market for freshness and cost efficiency for large-volume shipments.

Supply Chain Implications

Peru’s role is as a high-volume supplier of undifferentiated fresh produce. This creates reliance on air or refrigerated logistics for major partners like the US. Minimal processing or grading limits value addition opportunities. Geopolitical shifts, like US tariff exemptions, directly impact export profitability and market access.

Action Plan: Data-Driven Steps for Asparagus Market Execution

• Use HS Code 070920 shipment data to identify buyers in premium EU markets. Offer them certified organic or specialty packaged asparagus to capture higher margins.
• Analyze buyer purchase frequency for the US market. Align harvest and shipping schedules with their regular bulk orders to minimize inventory costs and ensure freshness.
• Monitor real-time trade policy updates, like US tariff exemptions. Adjust pricing and promotional strategies immediately if asparagus is included to maintain competitive advantage.
• Develop a secondary export plan targeting smaller, frequent buyers in Canada and Brazil. This diversifies risk if dominant US buyers reduce orders unexpectedly.

Take Action Now —— Explore Peru Asparagus Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Peru Asparagus Export 2025 October?

The October 2025 surge to $92.66 million reflects seasonal harvest cycles, with Q4 typically outperforming earlier months like February ($14.67 million). Stable trade agreements, such as the US-Peru Trade Promotion Agreement, further supported this growth.

Q2. Who are the main partner countries in this Peru Asparagus Export 2025 October?

The US dominates with 72.63% of export value, followed by Spain and the UK, which together account for nearly 20% of the total. The EU cluster pays higher unit prices compared to bulk US shipments.

Q3. Why does the unit price differ across Peru Asparagus Export 2025 October partner countries?

The US pays a lower average price ($3.32/kg) for high-volume bulk purchases, while EU buyers like Spain and the UK likely pay more for premium-grade or specially packaged fresh asparagus.

Q4. What should exporters in Peru focus on in the current Asparagus export market?

Exporters should prioritize high-volume US buyers (85.17% of value) for stability but diversify into premium EU markets to mitigate overreliance and capitalize on higher unit prices.

Q5. What does this Peru Asparagus export pattern mean for buyers in partner countries?

US buyers benefit from consistent bulk supply at lower prices, while EU buyers access higher-grade asparagus. Smaller buyers face competition from dominant high-volume purchasers.

Q6. How is Asparagus typically used in this trade flow?

Peru exclusively exports fresh or chilled asparagus (HS Code 070920) as a bulk agricultural commodity, traded primarily for direct retail or foodservice distribution without further processing.