Peru: Bread And Bakery Market 2024

Bread And Bakery Market Size in Peru

The Peruvian bread and bakery market declined slightly to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Bread And Bakery Production in Peru

In value terms, bread and bakery production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; afterwards, it flattened through to 2022.

Bread And Bakery Exports

Exports from Peru

In 2022, the amount of bread and bakery exported from Peru surged to X tons, growing by X% on 2021 figures. Over the period under review, exports showed buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, bread and bakery exports surged to $X in 2022. In general, exports showed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Colombia (X tons), Chile (X tons) and Ecuador (X tons) were the main destinations of bread and bakery exports from Peru, with a combined X% share of total exports. The Dominican Republic, Bolivia, Nicaragua, Honduras, Panama, Costa Rica, El Salvador, the United States, Guatemala and Haiti lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Honduras (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Chile ($X) and Ecuador ($X) appeared to be the largest markets for bread and bakery exported from Peru worldwide, with a combined X% share of total exports. The Dominican Republic, Bolivia, the United States, Nicaragua, Panama, Honduras, Costa Rica, El Salvador, Guatemala and Haiti lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Honduras, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bread and bakery export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bread And Bakery Imports

Imports into Peru

Bread and bakery imports into Peru totaled X tons in 2022, surging by X% against 2021 figures. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, bread and bakery imports soared to $X in 2022. In general, imports showed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest bread and bakery supplier to Peru, with a X% share of total imports. Moreover, bread and bakery imports from Ecuador exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold. The third position in this ranking was held by Bolivia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ecuador stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Bolivia (X% per year).

In value terms, Ecuador ($X) constituted the largest supplier of bread and bakery to Peru, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Bolivia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Ecuador stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Bolivia (X% per year).

Import Prices by Country

In 2022, the average bread and bakery import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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