Peru: Bacon And Ham Market 2024

Bacon And Ham Market Size in Peru

The Peruvian bacon and ham market rose slightly to $X in 2022, increasing by 2.2% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.1% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Bacon And Ham Production in Peru

In value terms, bacon and ham production stood at $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.3% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 11%. Bacon and ham production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Bacon And Ham Exports

Exports from Peru

In 2022, shipments abroad of bacon, ham and other dried, salted or smoked pig meat decreased by -3.3% to X kg for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 1,717%. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, bacon and ham exports shrank to $X in 2022. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 2,563% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

France (X kg) was the main destination for bacon and ham exports from Peru, accounting for a 96% share of total exports. Moreover, bacon and ham exports to France exceeded the volume sent to the second major destination, Bolivia (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to -7.0%.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled -5.5%.

Export Prices by Country

The average bacon and ham export price stood at $X per ton in 2022, reducing by -3.8% against the previous year. In general, the export price, however, recorded mild growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 47%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Bolivia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.7%).

Bacon And Ham Imports

Imports into Peru

Bacon and ham imports into Peru declined to X tons in 2022, with a decrease of -6.5% compared with the year before. Overall, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2019 when imports increased by 53%. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, bacon and ham imports contracted to $X in 2022. Over the period under review, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 96% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

The United States (X tons), Canada (X tons) and Spain (X tons) were the main suppliers of bacon and ham imports to Peru, together accounting for 63% of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +42.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of bacon, ham and other dried, salted or smoked pig meat to Peru, comprising 29% of total imports. The second position in the ranking was held by the United States ($X), with a 5.9% share of total imports. It was followed by Canada, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.3% per year) and Canada (+26.9% per year).

Import Prices by Country

The average bacon and ham import price stood at $X per ton in 2022, falling by -7.6% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bacon and ham import price increased by +59.2% against 2017 indices. The growth pace was the most rapid in 2019 when the average import price increased by 28% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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