Peru: Groundnuts Market 2025

Groundnuts Market Size in Peru

The Peruvian groundnuts market fell modestly to $X in 2022, with a decrease of -2% against the previous year. In general, consumption showed a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Groundnuts Production in Peru

In value terms, groundnuts production fell slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 46% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of ground-nut (in-shell) in Peru shrank modestly to X tons per ha in 2022, with a decrease of -3.2% against 2021. Over the period under review, the yield showed a mild descent. The pace of growth appeared the most rapid in 2021 when the yield increased by 6.9% against the previous year. Over the period under review, the average groundnuts yield reached the peak level at X tons per ha in 2015; however, from 2016 to 2022, the yield failed to regain momentum. 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 ground-nut (in-shell) production in Peru totaled X ha, standing approx. at the previous year. Overall, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 16%. As a result, the harvested area attained the peak level of X ha. From 2017 to 2022, the growth of the groundnuts harvested area remained at a somewhat lower figure.

Groundnuts Exports

Exports from Peru

In 2022, overseas shipments of ground-nut (in-shell) decreased by -29.8% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2019 when exports increased by 236% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, groundnuts exports reduced sharply to $X in 2022. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 247%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X tons) was the main destination for groundnuts exports from Peru, with a approx. 98% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador totaled +24.1%.

In value terms, Ecuador ($X) also remains the key foreign market for ground-nut (in-shell) exports from Peru.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador amounted to +9.3%.

Export Prices by Country

In 2022, the average groundnuts export price amounted to $X per ton, declining by -10.2% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 an increase of 48% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Ecuador.

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to -12.0% per year.

Groundnuts Imports

Imports into Peru

For the fourth consecutive year, Peru recorded growth in supplies from abroad of ground-nut (in-shell), which increased by 0.5% to X tons in 2022. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by 152% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, groundnuts imports reached $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 162%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

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

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +25.8%.

In value terms, Brazil ($X) constituted the largest supplier of ground-nut (in-shell) to Peru.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at +21.7%.

Import Prices by Country

The average groundnuts import price stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the import price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 3.8%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to +0.7% per year.

Source: IndexBox Platform

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