Peru: Market for Frozen Vegetables other than Potato and Corn 2025

Market Size for Frozen Vegetables other than Potato and Corn in Peru

The Peruvian market for frozen vegetables other than potato and corn totaled $X in 2022, surging by 6.8% against the previous year. Overall, consumption posted a resilient expansion. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Frozen Vegetables other than Potato and Corn in Peru

In value terms, production of frozen vegetables other than potato and corn amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 14% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Frozen Vegetables other than Potato and Corn

Exports from Peru

Exports of frozen vegetables other than potato and corn from Peru dropped modestly to X tons in 2022, reducing by -2% against the previous year. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 25%. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of frozen vegetables other than potato and corn contracted to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of frozen vegetables other than potato and corn from Peru, accounting for a 41% share of total exports. Moreover, exports of frozen vegetables other than potato and corn to the United States exceeded the volume sent to the second major destination, Japan (X tons), threefold. Spain (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+1.3% per year) and Spain (+0.6% per year).

In value terms, the United States ($X), Japan ($X) and Spain ($X) appeared to be the largest markets for frozen vegetables other than potato and corn exported from Peru worldwide, together accounting for 79% of total exports. France, Canada, the UK, Belgium and Italy lagged somewhat behind, together comprising a further 12%.

France, with a CAGR of +6.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for frozen vegetables other than potato and corn stood at $X per ton in 2022, standing approx. at the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 14%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average 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 Japan ($X per ton), while the average price for exports to Canada ($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 Japan (+0.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Frozen Vegetables other than Potato and Corn

Imports into Peru

In 2022, approx. X tons of frozen vegetables other than potato and corn were imported into Peru; which is down by -5.9% compared with the previous year's figure. Overall, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 138% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2021, and then dropped in the following year.

In value terms, imports of frozen vegetables other than potato and corn reduced to $X in 2022. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 115% against the previous year. Over the period under review, imports of reached the maximum at $X in 2021, and then contracted slightly in the following year.

Imports by Country

Belgium (X tons), Spain (X tons) and Egypt (X tons) were the main suppliers of imports of frozen vegetables other than potato and corn to Peru, together comprising 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +68.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Belgium ($X) and Egypt ($X) constituted the largest frozen vegetables other than potato and corn suppliers to Peru, with a combined 79% share of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +60.6%, recorded the highest rates of growth with regard to the value of imports, 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 import price for frozen vegetables other than potato and corn amounted to $X per ton, almost unchanged from the previous year. In general, the import price, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2016 when the average import price increased by 8%. The import price peaked at $X per ton in 2013; however, from 2014 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 the United States ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :