Peru: Durum Wheat Market 2025

Durum Wheat Market Size in Peru

The Peruvian durum wheat market fell notably to $X in 2022, which is down by -20.2% against the previous year. Over the period under review, consumption continues to indicate a deep setback. Durum wheat consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Durum Wheat Production in Peru

In value terms, durum wheat production stood at $X in 2022 estimated in export price. Overall, production saw a deep slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by 5.7% against the previous year. Durum wheat production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of durum wheat in Peru reduced to X tons per ha, waning by -2.3% on the previous year's figure. The yield figure increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 5%. As a result, the yield attained the peak level of X tons per ha, and then shrank in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of durum wheat production in Peru declined modestly to X ha, waning by -1.6% compared with the previous year. Overall, the harvested area recorded a noticeable slump. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 5.8%. Over the period under review, the harvested area dedicated to durum wheat production attained the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Durum Wheat Exports

Exports from Peru

In 2022, overseas shipments of durum wheat were finally on the rise to reach X tons after two years of decline. Over the period under review, exports saw notable growth. The most prominent rate of growth was recorded in 2019 with an increase of 495%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, durum wheat exports soared to $X in 2022. Overall, exports saw modest growth. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for durum wheat exports from Peru, accounting for a 89% share of total exports. Moreover, durum wheat exports to Spain exceeded the volume sent to the second major destination, the United States (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.1% per year) and Italy (-3.5% per year).

In value terms, Spain ($X) remains the key foreign market for durum wheat exports from Peru, comprising 90% of total exports. The second position in the ranking was taken by the United States ($X), with a 7.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-10.5% per year) and Italy (-6.7% per year).

Export Prices by Country

The average durum wheat export price stood at $X per ton in 2022, which is down by -13% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 64% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Italy ($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 Chile (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.

Durum Wheat Imports

Imports into Peru

Durum wheat imports into Peru shrank notably to X tons in 2022, which is down by -51.1% against the previous year. Overall, imports saw a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 28%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, durum wheat imports declined markedly to $X in 2022. In general, imports showed a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by 19%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Canada (X tons) was the main supplier of durum wheat to Peru, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Canada stood at -8.6%.

In value terms, Canada ($X) constituted the largest supplier of durum wheat to Peru.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada totaled -5.4%.

Import Prices by Country

In 2022, the average durum wheat import price amounted to $X per ton, with an increase of 54% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, durum wheat import price increased by +110.3% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +3.4% per year.

Source: IndexBox Platform

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