Peru: Apple Juice Market 2024

Apple Juice Market Size in Peru

In 2021, after nine years of growth, there was decline in the Peruvian apple juice market, when its value decreased by -1.3% to $X. In general, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +72.5% against 2012 indices. Apple juice consumption peaked at $X in 2020, and then contracted in the following year.

Apple Juice Production in Peru

In value terms, apple juice production shrank slightly to $X in 2021 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +70.7% against 2012 indices. The pace of growth was the most pronounced in 2018 with an increase of 33% against the previous year. Apple juice production peaked at $X in 2020, and then contracted slightly in the following year.

Apple Juice Exports

Exports from Peru

For the fifth year in a row, Peru recorded decline in shipments abroad of apple juice (single strength), which decreased by -0.2% to X tons in 2021. Overall, exports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2016 with an increase of 83% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, apple juice exports reduced to $X in 2021. In general, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 81% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons), Ecuador (X tons) and the Dominican Republic (X kg) were the main destinations of apple juice exports from Peru, together accounting for 77% of total exports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +51.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for apple juice exported from Peru were Chile ($X), Ecuador ($X) and the Dominican Republic ($X), with a combined 76% share of total exports.

Chile, with a CAGR of +20.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average apple juice export price amounted to $X per ton, shrinking by -10% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 14%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Aruba ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+15.5%), while the prices for the other major destinations experienced mixed trend patterns.

Apple Juice Imports

Imports into Peru

In 2021, after three years of decline, there was significant growth in purchases abroad of apple juice (single strength), when their volume increased by 229% to X tons. Over the period under review, imports continue to indicate a resilient expansion. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, apple juice imports soared to $X in 2021. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 227%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

The United States (X tons), Brazil (X tons) and Chile (X tons) were the main suppliers of apple juice imports to Peru, with a combined 89% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +25.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Brazil ($X) and Chile ($X) constituted the largest apple juice suppliers to Peru, with a combined 94% share of total imports.

The United States, with a CAGR of +27.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average apple juice import price stood at $X per ton in 2021, waning by -4% against the previous year. Over the period under review, the import price, however, posted prominent growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 79% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :