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Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Peru: Alpaca fiber exports expanded 110% in Jan-Nov 2017

Monday, January 15, 2018 > 09:25:48
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Andina

Peruvian alpaca fiber exports reached US$68.3 million between January and November 2017, up by 110% over the same period in 2016, Foreign Trade and Tourism Ministry (Mincetur) informed.

Said increase was mainly explained by higher volume (84%) and average prices (14%) of said exported products.

Likewise, Mincetur stressed alpaca fiber shipments rose 246% last November, thus totaling US$7 million.

This positive result was driven by greater exports to China (390%) and Italy (86%), as well as increased shipments from Inca Tops and Texao Lanas companies.

In the analyzed period, the value of alpaca fiber exports to China grew 217%, climbing from US$15.1 million (2016) to US$48 million (2017).

Likewise, shipments to Italy totaled US$15 million, a 43% rise from the same term in 2016 (US$10.5 million). 

Peru, world's largest alpaca fiber exporter

Peru is the world's main alpaca fiber exporter and producer by accounting for 90% of total shipments and 80% of the whole output, respectively.

In this regard, Arequipa region is the top exporting area, as its shipments account for 99% of the country's total alpaca fiber sales.

The Inca country's annual production stands at 4,500 tons, more than 60% of which are intended for the international market.

It must be noted the first multi-brand alpaca fiber clothing and accessories store —under Alpaca del Peru— was inaugurated in Beijing (China) last December.


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