Peru: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Peru

The Peruvian buttermilk and buttermilk powder market contracted modestly to $X in 2022, which is down by -2.4% against the previous year. Overall, consumption continues to indicate a pronounced reduction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Buttermilk And Buttermilk Powder in Peru

In value terms, buttermilk and buttermilk powder production declined modestly to $X in 2022 estimated in export price. In general, production showed a perceptible reduction. The growth pace was the most rapid in 2016 with an increase of 9.3%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Buttermilk And Buttermilk Powder

Exports from Peru

After three years of growth, shipments abroad of buttermilk and buttermilk powder decreased by -2.2% to X tons in 2022. Over the period under review, exports continue to indicate a sharp decline. The growth pace was the most rapid in 2019 with an increase of 90%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, buttermilk and buttermilk powder exports declined to $X in 2022. Overall, exports faced a precipitous decrease. The growth pace was the most rapid in 2019 with an increase of 98% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Haiti (X tons) was the main destination for buttermilk and buttermilk powder exports from Peru, accounting for a 80% share of total exports. Moreover, buttermilk and buttermilk powder exports to Haiti exceeded the volume sent to the second major destination, Suriname (X tons), more than tenfold. The third position in this ranking was taken by Senegal (X tons), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti amounted to -35.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Suriname (-26.5% per year) and Senegal (-4.5% per year).

In value terms, Haiti ($X) remains the key foreign market for buttermilk and buttermilk powder exports from Peru, comprising 78% of total exports. The second position in the ranking was held by Senegal ($X), with an 11% share of total exports. It was followed by Curacao, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti totaled -37.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (-0.1% per year) and Curacao (-34.0% per year).

Export Prices by Country

In 2022, the average buttermilk and buttermilk powder export price amounted to $X per ton, flattening at the previous year. Overall, the export price, however, continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 4.3% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while the average price for exports to Suriname ($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 Senegal (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Buttermilk And Buttermilk Powder

Imports into Peru

In 2022, imports of buttermilk and buttermilk powder into Peru reduced markedly to X tons, which is down by -15.1% compared with the previous year. In general, imports showed a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of 107%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, buttermilk and buttermilk powder imports reduced notably to $X in 2022. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 112%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Ireland (X tons), New Zealand (X tons) and the United States (X tons) were the main suppliers of buttermilk and buttermilk powder imports to Peru, together accounting for 58% of total imports. The Netherlands, Uruguay, Finland and the UK lagged somewhat behind, together comprising a further 9.8%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +99.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), New Zealand ($X) and the United States ($X) were the largest buttermilk and buttermilk powder suppliers to Peru, together accounting for 58% of total imports. The Netherlands, Uruguay, Finland and the UK lagged somewhat behind, together accounting for a further 5.3%.

Finland, with a CAGR of +52.1%, 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 buttermilk and buttermilk powder import price amounted to $X per ton, dropping by -3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 33% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Ireland ($X per ton), while the price for Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :