Peru: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in Peru

The Peruvian grape juice (single strength) market fell markedly to $X in 2021, waning by -95.2% against the previous year. Overall, consumption showed a sharp slump. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Grape Juice (Single Strength) in Peru

In value terms, grape juice (single strength) production expanded to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2017 with an increase of 6.1% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Grape Juice (Single Strength)

Exports from Peru

In 2021, the amount of grape juice (single strength) exported from Peru soared to X tons, increasing by 113% compared with 2020. Over the period under review, exports posted buoyant growth. The growth pace was the most rapid in 2019 with an increase of 207%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, grape juice (single strength) exports skyrocketed to $X in 2021. In general, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 216%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for grape juice (single strength) exports from Peru, accounting for a 57% share of total exports. Moreover, grape juice (single strength) exports to Chile exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Panama (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Chile stood at +86.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.1% per year) and Panama (0.0% per year).

In value terms, Chile ($X) emerged as the key foreign market for grape juice (single strength) exports from Peru, comprising 60% of total exports. The second position in the ranking was taken by the United States ($X), with a 27% share of total exports. It was followed by Panama, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to Chile stood at +80.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.1% per year) and Panama (0.0% per year).

Export Prices by Country

In 2021, the average grape juice (single strength) export price amounted to $X per ton, falling by -9.3% against the previous year. Overall, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 an increase of 5.3% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+19.0%), while the prices for the other major destinations experienced a decline.

Imports of Grape Juice (Single Strength)

Imports into Peru

In 2021, the amount of grape juice (single strength) imported into Peru contracted sharply to X tons, with a decrease of -20% against 2020 figures. Over the period under review, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2014 with an increase of 193% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, grape juice (single strength) imports reduced notably to $X in 2021. In general, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2014 when imports increased by 144% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of grape juice (single strength) to Peru, with a 82% share of total imports. Moreover, grape juice (single strength) imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X kg), eightfold.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.6% per year) and Taiwan (Chinese) (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of grape juice (single strength) to Peru, comprising 62% of total imports. The second position in the ranking was held by Italy ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.3% per year) and Taiwan (Chinese) (0.0% per year).

Import Prices by Country

In 2021, the average grape juice (single strength) import price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price continues to indicate a mild contraction. The growth pace was the most rapid in 2013 an increase of 33% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.3%).

Source: IndexBox Platform

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