Peru: Chicken Egg Market 2024

Chicken Egg Market Size in Peru

The Peruvian chicken egg market reached $X in 2022, growing by 3.4% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.4% against 2020 indices. Chicken egg consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Chicken Egg Production in Peru

In value terms, chicken egg production expanded to $X in 2022 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.7% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 23%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Chicken Egg Exports

Exports from Peru

In 2022, after seven years of decline, there was significant growth in overseas shipments of chicken eggs, when their volume increased by 53% to X tons. Over the period under review, exports, however, showed a sharp contraction. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, chicken egg exports soared to $X in 2022. In general, exports, however, continue to indicate a precipitous decrease. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for chicken egg exports from Peru, accounting for a 84% share of total exports. Moreover, chicken egg exports to Ecuador exceeded the volume sent to the second major destination, Bolivia (X tons), more than tenfold. Colombia (X tons) ranked third in terms of total exports with a 2% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador totaled -30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-10.3% per year) and Colombia (-29.8% per year).

In value terms, Ecuador ($X) remains the key foreign market for chicken eggs exports from Peru, comprising 70% of total exports. The second position in the ranking was held by Bolivia ($X), with a 21% share of total exports. It was followed by Colombia, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador stood at -29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-8.4% per year) and Colombia (-16.5% per year).

Export Prices by Country

The average chicken egg export price stood at $X per ton in 2022, rising by 27% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Venezuela ($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 Colombia (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Chicken Egg Imports

Imports into Peru

In 2022, approx. X tons of chicken eggs were imported into Peru; which is down by -44% against 2021 figures. In general, imports, however, continue to indicate pronounced growth. The pace of growth appeared the most rapid in 2018 with an increase of 382%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, chicken egg imports reduced rapidly to $X in 2022. Overall, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 504%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X tons) and the United States (X tons) were the main suppliers of chicken egg imports to Peru.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +48.6%).

In value terms, Brazil ($X) and the United States ($X) were the largest chicken egg suppliers to Peru.

Brazil, with a CAGR of +49.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2022, the average chicken egg import price amounted to $X per ton, surging by 10% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chicken egg import price increased by +17.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 30% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.5%).

Source: IndexBox Platform

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