Peru Asparagus HS070920 Export Data 2025 Q1 Overview

Peru Asparagus (HS 070920) 2025 Q1 Export: Key Takeaways

Peru's asparagus exports (HS Code 070920) in 2025 Q1 reveal a market dominated by the U.S., which accounts for 65% of volume but just 59% of value, signaling bulk shipments at lower unit prices. The Netherlands and other European markets show higher-value potential, while regional buyers like Brazil serve niche demand. This analysis, based on cleanly processed Customs data from the yTrade database, highlights both geographic concentration and pricing disparities for Peruvian exporters to strategize around.

Peru Asparagus (HS 070920) 2025 Q1 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 its nutritional and culinary appeal. Global demand remains stable due to its popularity in gourmet and health-conscious markets, particularly in the EU, U.S., and Asia. Peru is a key exporter, leveraging its favorable climate and year-round production capabilities to meet international demand.

Current Context and Strategic Position

In 2025, Peru's asparagus exports under HS Code 070920 are influenced by updated EU preferential trade rules, which adopted HS 2022 adjustments affecting product-specific origin requirements [European Commission]. These changes, effective August 2025, underscore the need for compliance to maintain tariff advantages. Peru's strategic position as a top asparagus exporter is further reinforced by ongoing U.S. tariff exemptions for select agricultural goods, though asparagus-specific measures remain unconfirmed [SAHM Capital]. Vigilance is critical to navigate evolving trade policies and sustain Peru's competitive edge in 2025 Q1 exports.

Peru Asparagus (HS 070920) 2025 Q1 Export: Trend Summary

Key Observations

Peru's asparagus exports under HS Code 070920 for 2025 Q1 reached 97.5 million USD in value and 25.71 million kg in volume, highlighting a strong start to the year despite a sequential decline within the quarter.

Price and Volume Dynamics

The exports showed a sharp monthly decline from January to March, with value dropping 80% from 72.86 million USD to 9.97 million USD and volume falling 86% from 19.02 million kg to 2.63 million kg. This pattern aligns with typical seasonal cycles for asparagus, where early-year harvest peaks drive high initial exports that normalize as the season progresses, rather than indicating a market downturn.

External Context and Outlook

External trade policies are shaping the outlook; Peru secured exemptions from US tariffs for about 100 food products, potentially including asparagus, as reported by [Sahm Capital], which could bolster future shipments. Additionally, updates to EU trade agreements involving HS code adjustments may influence tariff advantages and export compliance for Peru Asparagus HS Code 070920 Export in 2025 Q1 and beyond.

Peru Asparagus (HS 070920) 2025 Q1 Export: HS Code Breakdown

Product Specialization and Concentration

According to yTrade data, Peru's Asparagus exports under HS Code 070920 in 2025 Q1 are entirely concentrated on fresh or chilled asparagus, with no other sub-codes present. This single product type accounts for 100% of the export value, weight, and quantity, indicating a highly specialized market with a unit price of 3.79 USD per kilogram.

Value-Chain Structure and Grade Analysis

With only one sub-code for fresh or chilled asparagus, the export structure is uniform and lacks variation in value-add stages or grades. This uniformity points to a trade in fungible bulk commodities, where products are largely undifferentiated and likely tied to broader agricultural market indices rather than being manufactured or branded goods.

Strategic Implication and Pricing Power

For Peru's Asparagus HS Code 070920 Export in 2025 Q1, the commodity nature limits pricing power, as prices are probably influenced by global supply and demand factors rather than product differentiation. Exporters should focus on cost efficiency and market access to maintain competitiveness, given the bulk trade characteristics.

Check Detailed HS 070920 Breakdown

Peru Asparagus (HS 070920) 2025 Q1 Export: Market Concentration

Geographic Concentration and Dominant Role

For Peru's asparagus (HS Code 070920) exports in 2025 Q1, the United States is the dominant importer, accounting for 65.10% of the weight but only 58.78% of the value. This disparity suggests that exports to the US have a lower unit price, indicating bulk or lower-grade asparagus shipments.

Partner Countries Clusters and Underlying Causes

The US forms a high-volume, lower-value cluster due to its large market and favorable trade terms, such as tariff exemptions for Peruvian food products [UPDATE 1-Peru says new US tariff exemption includes about 100 food products]. European countries like the Netherlands, Spain, and the UK represent a second cluster with mixed value-weight ratios, where the Netherlands' higher value ratio (14.16% vs. 11.42% weight) points to premium or distribution hub roles. A third cluster includes regional markets like Brazil and Colombia, with smaller volumes likely serving niche or nearby demand.

Forward Strategy and Supply Chain Implications

Peruvian exporters should prioritize efficient bulk shipments to the US to leverage tariff benefits (UPDATE 1-Peru), while exploring higher-value opportunities in Europe by ensuring fresh supply chains. Supply chains must focus on speed and quality control to maintain market access under updated trade agreements.

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

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Peru Asparagus (HS 070920) 2025 Q1 Export: Action Plan for Asparagus Market Expansion

Strategic Supply Chain Overview

Peru Asparagus Export 2025 Q1 under HS Code 070920 operates as a bulk commodity trade. Price is driven by global supply-demand balance and quality consistency, not product differentiation. The United States dominates volume with lower unit prices, supported by tariff exemptions. Europe offers higher-value niches. Supply chains must prioritize speed and freshness to meet bulk buyer expectations and comply with trade agreement updates.

Action Plan: Data-Driven Steps for Asparagus Market Execution

• Monitor US and EU trade regulation updates monthly. Use official customs portals to track changes. This prevents sudden tariff or compliance issues that disrupt shipments.
• Analyze buyer purchase frequency data weekly. Identify order patterns of high-frequency clients. This allows production planning aligned to demand cycles, reducing waste.
• Segment European buyers by value-weight ratio. Target those with higher value per kilogram. This maximizes revenue from premium markets without increasing volume.
• Diversify buyer base gradually. Use trade data to identify new importers in growing regions. This reduces over-reliance on a few bulk buyers and spreads market risk.

Take Action Now —— Explore Peru Asparagus Export Data

Frequently Asked Questions

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

The sharp decline in exports from January to March 2025 reflects seasonal harvest patterns, not a market downturn. The drop in value (80%) and volume (86%) aligns with typical asparagus production cycles, where early-year peaks normalize as the season progresses.

Q2. Who are the main partner countries in this Peru Asparagus Export 2025 Q1?

The United States dominates, accounting for 65.10% of export weight and 58.78% of value. The Netherlands (14.16% value) and Spain also play key roles, with the Netherlands acting as a premium or distribution hub.

Q3. Why does the unit price differ across Peru Asparagus Export 2025 Q1 partner countries?

Price differences stem from trade dynamics: the US receives bulk shipments at lower unit prices, while European markets like the Netherlands command higher values, likely due to premium positioning or distribution advantages.

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

Exporters should prioritize high-volume buyers (89.37% of trade value) for steady revenue while diversifying to smaller or infrequent buyers to mitigate over-reliance. Leveraging US tariff exemptions and optimizing supply chains for Europe can enhance competitiveness.

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

US buyers benefit from bulk, lower-cost shipments, while European buyers access higher-value asparagus. The market’s reliance on Peru’s seasonal output requires buyers to plan for supply fluctuations.

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

Peru’s exports consist entirely of fresh or chilled asparagus (HS Code 070920), traded as undifferentiated bulk commodities, primarily for direct consumption or retail distribution in partner markets.

Detailed Monthly Report

Peru HS070920 Export Snapshot 2025 JAN

Peru HS070920 Export Snapshot 2025 FEB

Peru HS070920 Export Snapshot 2025 MAR