Peru Asparagus HS070920 Export Data 2025 Q2 Overview

Peru Asparagus (HS 070920) 2025 Q2 Export: Key Takeaways

Peru's asparagus exports (HS Code 070920) in Q2 2025 reveal a commodity-grade product heavily concentrated in the US market, which accounted for 75.24% of export value but 81.57% of volume, signaling bulk shipments at lower unit prices. The US dominance highlights high buyer concentration risk, while Europe offers premium opportunities with stricter quality demands. This analysis, covering 2025 Q2, is based on cleanly processed Customs data from the yTrade database.

Peru Asparagus (HS 070920) 2025 Q2 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 health-conscious markets and its role in gourmet cuisine. Peru is a key exporter, leveraging its favorable climate and production efficiency to meet international demand.

Current Context and Strategic Position

Recent trade updates highlight shifting dynamics for Peru's asparagus exports, including a US tariff exemption for 100 food products (valued at $1.2 billion in 2024) [Sahm Capital]. This exemption, covering 24% of Peru’s shipments to the US, underscores the strategic importance of Peru asparagus HS Code 070920 exports in 2025 Q2. However, broader US tariff measures (10% baseline) introduced in April 2025 [EY Tax News] necessitate close monitoring of trade policy impacts. Peru’s competitive edge in asparagus—driven by year-round production and EU trade agreement updates [EU Taxation]—positions it as a critical supplier, but market vigilance is essential amid evolving regulations.

Peru Asparagus (HS 070920) 2025 Q2 Export: Trend Summary

Key Observations

Peru Asparagus HS Code 070920 Export in 2025 Q2 achieved a total value of 154.04 million USD and volume of 46.59 million kg, reflecting strong quarterly results driven by seasonal harvest cycles.

Price and Volume Dynamics

Quarter-over-quarter, export value rose by approximately 58% and volume by 81% from Q1, aligning with Peru's peak asparagus harvest period in Q2 that typically boosts supply and exports. The average price declined slightly by about 13%, indicating increased volume outpacing value growth due to seasonal abundance. Monthly volatility—notably a May dip followed by a June surge—suggests market adjustments beyond seasonal norms.

External Context and Outlook

The US imposition of a 10% baseline tariff effective April 5, 2025 [EY Tax News] likely exacerbated Q2 volatility, as exporters navigated new trade barriers. Future stability may be supported by later tariff exemptions for key food products (SAHM Capital), though ongoing EU trade updates [Taxation Customs] require monitoring for export diversification.

Peru Asparagus (HS 070920) 2025 Q2 Export: HS Code Breakdown

Product Specialization and Concentration

In 2025 Q2, Peru's export of Asparagus under HS Code 070920 shows complete specialization in a single product type. According to yTrade data, the entire export volume and value are dominated by fresh or chilled asparagus, with a unit price of 3.31 USD per kilogram. This high concentration indicates a focused export strategy without significant sub-code diversification during this period.

Value-Chain Structure and Grade Analysis

The export structure for Peru Asparagus HS Code 070920 in 2025 Q2 is uniform, with all shipments falling under the fresh or chilled category. This homogeneity points to a trade in bulk commodities, where products are likely fungible and priced based on market indices rather than differentiated by quality grades or value-added processing. The absence of other sub-codes suggests a straightforward supply chain with minimal variation in form or stage.

Strategic Implication and Pricing Power

Given the commodity-like nature of these exports, Peru's pricing power for Asparagus in 2025 Q2 depends heavily on global supply and demand dynamics. Exporters should prioritize efficiency and cost management to compete effectively, as there is little room for premium pricing without product differentiation. Market players must monitor trade policies and seasonal factors to sustain export performance.

Check Detailed HS 070920 Breakdown

Peru Asparagus (HS 070920) 2025 Q2 Export: Market Concentration

Geographic Concentration and Dominant Role

In Q2 2025, Peru's asparagus exports under HS Code 070920 were highly concentrated, with the United States dominating at 75.24% of value but 81.57% of weight, indicating a lower unit price around $3.05 per kg and a focus on bulk, commodity-grade shipments. This disparity suggests that the US market absorbs large volumes of standard asparagus from Peru, driven by high demand and efficient trade channels.

Partner Countries Clusters and Underlying Causes

The export partners form three clear clusters: the US as the primary bulk buyer; European nations like the UK, Spain, and Germany with moderate volumes and slightly higher value ratios, likely due to premium quality demand and trade agreements; and smaller markets such as Brazil and Colombia, where proximity and regional trade ties support niche shipments. These patterns align with typical commodity trade flows, where major economies secure large supplies, while others target specific quality or logistical advantages.

Forward Strategy and Supply Chain Implications

For Peruvian asparagus exporters, the US bulk market offers stability, especially with recent tariff exemptions on food products [Sahm Capital], reducing cost pressures. Diversifying into European markets could leverage preferential trade updates (European Commission) for higher-value segments, but supply chains must prioritize freshness and compliance to maintain competitive edge in Q2 2025.

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

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Peru Asparagus (HS 070920) 2025 Q2 Export: Action Plan for Asparagus Market Expansion

Strategic Supply Chain Overview

The Peru Asparagus Export 2025 Q2 under HS Code 070920 operates as a bulk commodity trade. Price is driven by global supply-demand balance and quality consistency. The US dominates as a bulk buyer at lower unit prices. Supply chain implications focus on harvest efficiency and rapid logistics to preserve freshness. Over-reliance on one buyer segment and market creates vulnerability. Recent US tariff exemptions reduce cost pressures but do not eliminate concentration risk.

Action Plan: Data-Driven Steps for Asparagus Market Execution

• Use shipment frequency data to predict US buyer order cycles and align harvesting schedules. This prevents waste and maximizes freshness for bulk shipments.
• Analyze European import records to identify buyers paying premium prices for higher-grade asparagus. Target them with specialized quality batches to increase profit margins.
• Monitor real-time trade policy updates, like tariff changes, using customs databases. Adjust logistics routes immediately to avoid new cost barriers or seize opportunities.
• Track competitor export volumes to key markets with trade intelligence tools. Adjust pricing strategies dynamically to maintain market share without sacrificing margin.
• Develop a buyer diversification dashboard using transaction history. Identify and nurture relationships with low-frequency but high-potential buyers in secondary markets to reduce reliance on the US.

Take Action Now —— Explore Peru Asparagus Export Data

Frequently Asked Questions

Q1. What is driving the recent changes in Peru Asparagus Export 2025 Q2?

The Q2 surge in volume (81% growth) and value (58% growth) aligns with Peru’s peak harvest season, while a 13% price drop reflects seasonal abundance. US tariff shifts and EU trade updates further influenced volatility.

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

The US dominated with 75.24% of export value, followed by European markets like the UK, Spain, and Germany, which demand slightly higher-value shipments.

Q3. Why does the unit price differ across Peru Asparagus Export 2025 Q2 partner countries?

Prices vary because the US primarily buys bulk, commodity-grade asparagus ($3.05/kg), while European markets likely pay premiums for quality or trade advantages.

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

Exporters must prioritize relationships with dominant high-volume US buyers (88.98% of value) while exploring EU diversification to mitigate over-reliance risks.

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

US buyers benefit from stable bulk supply at lower prices, while European buyers access higher-value segments. Smaller markets face niche availability.

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

Peru’s exports are entirely fresh/chilled asparagus (HS 070920), traded as a bulk commodity for direct consumption or retail distribution.

Detailed Monthly Report

Peru HS070920 Export Snapshot 2025 APR

Peru HS070920 Export Snapshot 2025 MAY