To capitalise on various business opportunities in the alpaca fiber market, the Ministry of Foreign Trade and Tourism (Mincetur) in Peru has launched a luxury fashion brand ‘Alpaca del Perú’ for the sale of high-quality alpaca fiber garments and accessories. The Ministry of Agriculture and Irrigation (MINAGRI), recently stated that Peru is the largest alpaca fiber producer with around 3.8 million alpacas in the country – which is 87 per cent of the world’s alpaca population. Annual production of alpaca fiber in Peru stands at over 4,501 ton and Peruvian alpaca fiber exports surpassed U$68 million by the end of 2017.

Mincetur stated that the country’s alpaca exports increased by over 110 per cent in 2017 within a span of one year, with the rise of over 14 per cent average per kilogram in the export price.