Peru: Powdered Milk Market 2025

Powdered Milk Market Size in Peru

After two years of growth, the Peruvian powdered milk market decreased by -13.9% to $X in 2022. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

Powdered Milk Exports

Exports from Peru

Powdered milk exports from Peru soared to X tons in 2022, with an increase of 66% on the previous year. Overall, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2020 with an increase of 231%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, powdered milk exports soared to $X in 2022. Over the period under review, exports, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2020 when exports increased by 180% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for powdered milk exports from Peru, accounting for a 73% share of total exports. Moreover, powdered milk exports to the United States exceeded the volume sent to the second major destination, Dominica (X tons), sixfold. Antigua and Barbuda (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +45.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Dominica (-6.8% per year) and Antigua and Barbuda (-15.7% per year).

In value terms, the United States ($X) remains the key foreign market for powdered milk exports from Peru, comprising 75% of total exports. The second position in the ranking was taken by Dominica ($X), with an 11% share of total exports. It was followed by Antigua and Barbuda, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +60.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Dominica (-10.3% per year) and Antigua and Barbuda (-11.5% per year).

Export Prices by Country

In 2022, the average powdered milk export price amounted to $X per ton, reducing by -9.6% against the previous year. In general, the export price, however, showed a buoyant expansion. The growth pace was the most rapid in 2021 an increase of 65% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, 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 Antigua and Barbuda ($X per ton), while the average price for exports to Saint Lucia ($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 Mauritania (+39.9%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into Peru

After two years of growth, supplies from abroad of powdered milk decreased by -10.6% to X tons in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 48% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, powdered milk imports fell to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 59%. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest powdered milk supplier to Peru, with a 55% share of total imports. Moreover, powdered milk imports from the United States exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (-9.1% per year) and the Netherlands (+69.9% per year).

In value terms, the largest powdered milk suppliers to Peru were the United States ($X), New Zealand ($X) and the Netherlands ($X), together comprising 79% of total imports.

The Netherlands, with a CAGR of +65.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average powdered milk import price amounted to $X per ton, declining by -4.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 19% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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