Report Update Nov 1, 2024

Peru - Cassava - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Cassava Market 2024

Cassava Market Size in Peru

The Peruvian cassava market reduced to $X in 2022, waning by -2.5% against the previous year. In general, consumption, however, recorded a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Cassava Production in Peru

In value terms, cassava production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 34% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

In 2022, the average cassava yield in Peru reached X tons per ha, stabilizing at the previous year. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 3.9% against the previous year. Over the period under review, the average cassava yield reached the maximum level at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cassava were harvested in Peru; with an increase of 1.9% compared with the year before. The harvested area increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 6.6% against the previous year. The cassava harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Cassava Exports

Exports from Peru

In 2022, after seven years of growth, there was significant decline in overseas shipments of cassava, when their volume decreased by -19.7% to X tons. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 109%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined remarkably in the following year.

In value terms, cassava exports fell notably to $X in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 163% against the previous year. The exports peaked at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Chile (X tons) was the main destination for cassava exports from Peru, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile totaled +36.0%.

In value terms, Chile ($X) also remains the key foreign market for cassava exports from Peru.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile stood at +27.6%.

Export Prices by Country

In 2022, the average cassava export price amounted to $X per ton, with a decrease of -3.8% against the previous year. Over the period under review, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by 26%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to -6.2% per year.

Cassava Imports

Imports into Peru

In 2022, approx. X tons of cassava were imported into Peru; rising by 4.8% compared with the previous year's figure. Over the period under review, imports, however, recorded a abrupt setback. The growth pace was the most rapid in 2014 when imports increased by 221%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, cassava imports dropped modestly to $X in 2022. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 231%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Ecuador (X tons) was the main supplier of cassava to Peru, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Ecuador totaled -10.1%.

In value terms, Ecuador ($X) constituted the largest supplier of cassava to Peru.

From 2012 to 2022, the average annual growth rate of value from Ecuador amounted to +7.6%.

Import Prices by Country

In 2022, the average cassava import price amounted to $X per ton, reducing by -7.7% against the previous year. In general, the import price, however, posted a prominent increase. The growth pace was the most rapid in 2021 an increase of 136%. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

As there is only one major supplying country, the average price level is determined by prices for Ecuador.

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to +19.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cassava in the world?

The countries with the highest volumes of cassava consumption in 2021 were Nigeria, Democratic Republic of the Congo and Thailand, together accounting for 43% of global consumption. These countries were followed by Ghana, Brazil, Indonesia, Vietnam, Angola, China, Tanzania, Cambodia, Cote d'Ivoire and Malawi, which together accounted for a further 37%.

What are the largest producers of cassava in the world?

The countries with the highest volumes of cassava production in 2021 were Nigeria, Democratic Republic of the Congo and Thailand, together comprising 43% of global production. Ghana, Brazil, Indonesia, Vietnam, Angola, Tanzania, Cambodia, Cote d'Ivoire, Malawi and Mozambique lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of cassava to Peru?

In value terms, Ecuador constituted the largest supplier of cassava to Peru.

What are the leading importers of cassava from Peru?

In value terms, Chile remains the key foreign market for cassava exports from Peru.

What is the average export price for cassava in Peru?

In 2021, the average cassava export price amounted to $212 per ton, with a decrease of -5.7% against the previous year.

What is the average import price for cassava in Peru?

In 2021, the average cassava import price amounted to $160 per ton, which is down by -6.5% against the previous year.

This report provides an in-depth analysis of the cassava market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 125 - Cassava

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023