Peru: Market for Flaked or Rolled Cereals 2024

Market Size for Flaked or Rolled Cereals in Peru

The Peruvian flaked or rolled cereal market fell to $X in 2022, approximately reflecting the previous year. Overall, consumption saw a buoyant increase. Flaked or rolled cereal consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Flaked or Rolled Cereals in Peru

In value terms, flaked or rolled cereal production fell slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.1% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 61% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Flaked or Rolled Cereals

Exports from Peru

In 2022, flaked or rolled cereal exports from Peru surged to X tons, with an increase of 31% against the year before. In general, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 34%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, flaked or rolled cereal exports skyrocketed to $X in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +11.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 92% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), Bolivia (X tons) and Spain (X tons) were the main destinations of flaked or rolled cereal exports from Peru, together accounting for 64% of total exports. Chile, Brazil, France and Mexico lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +98.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for flaked or rolled cereals exports from Peru, comprising 34% of total exports. The second position in the ranking was held by Spain ($X), with a 16% share of total exports. It was followed by Bolivia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+10.9% per year) and Bolivia (+14.0% per year).

Export Prices by Country

The average flaked or rolled cereal export price stood at $X per ton in 2022, with an increase of 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2013 an increase of 44% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Chile ($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 Venezuela (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flaked or Rolled Cereals

Imports into Peru

In 2022, approx. X tons of flaked or rolled cereals were imported into Peru; with an increase of 5.6% on the year before. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,015%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, flaked or rolled cereal imports declined to $X in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,184%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Chile (X tons) constituted the largest flaked or rolled cereal supplier to Peru, accounting for a 79% share of total imports. Moreover, flaked or rolled cereal imports from Chile exceeded the figures recorded by the second-largest supplier, Bolivia (X tons), eightfold. The third position in this ranking was taken by Brazil (X tons), with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from Chile amounted to +72.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (+43.7% per year) and Brazil (-4.5% per year).

In value terms, Chile ($X) constituted the largest supplier of flaked or rolled cereals to Peru, comprising 85% of total imports. The second position in the ranking was taken by Bolivia ($X), with a 5.2% share of total imports. It was followed by Germany, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Chile totaled +62.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (+34.2% per year) and Germany (+154.2% per year).

Import Prices by Country

In 2022, the average flaked or rolled cereal import price amounted to $X per ton, with a decrease of -18.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 38%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-5.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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