Peru: Cereal Germ Market 2024

Cereal Germ Market Size in Peru

The Peruvian cereal germ market contracted to $X in 2021, dropping by -13.1% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Cereal Germ Production in Peru

In value terms, cereal germ production plummeted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 49%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Cereal Germ Exports

Exports from Peru

For the third consecutive year, Peru recorded decline in overseas shipments of cereal germ, which decreased by -1.1% to X tons in 2021. In general, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 26,733%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cereal germ exports amounted to $X in 2021. Over the period under review, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 23,908%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Switzerland (X kg), the Netherlands (X kg) and Germany (X kg) were the main destinations of cereal germ exports from Peru, together accounting for 28% of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +75.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest markets for cereal germ exported from Peru worldwide, together accounting for 53% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +103.0%, recorded 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 cereal germ export price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cereal germ export price increased by +25.7% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 31% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 Chile (+32.6%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Germ Imports

Imports into Peru

In 2021, approx. X tons of cereal germ were imported into Peru; rising by 138% against the year before. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2019 when imports increased by 1,086% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, cereal germ imports soared to $X in 2021. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 558% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of cereal germ to Peru, with a 52% share of total imports. Moreover, cereal germ imports from France exceeded the figures recorded by the second-largest supplier, India (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from France amounted to +23.1%.

In value terms, France ($X) constituted the largest supplier of cereal germ to Peru, comprising 76% of total imports. The second position in the ranking was held by India ($X), with an 8.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from France stood at +40.0%.

Import Prices by Country

The average cereal germ import price stood at $X per ton in 2021, surging by 15% against the previous year. Over the period under review, the import price recorded a remarkable increase. The pace of growth appeared the most rapid in 2018 an increase of 124% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for France stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+13.8%).

Source: IndexBox Platform

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