Peru: Market for Chocolate Bars with Cereals, Fruit or Nuts 2025

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Peru

The Peruvian market for chocolate bars with cereals, fruit or nuts expanded modestly to $X in 2022, with an increase of 1.6% against the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 -5.9% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Peru

In value terms, production of chocolate bars with cereals, fruit or nuts expanded modestly to $X in 2022 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 -3.2% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 48% against the previous year. Over the period under review, production of attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Peru

In 2022, overseas shipments of chocolate bars with cereals, fruit or nuts increased by 62% to X tons, rising for the fifth consecutive year after three years of decline. In general, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of chocolate bars with cereals, fruit or nuts skyrocketed to $X in 2022. Overall, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bolivia (X tons) was the main destination for exports of chocolate bars with cereals, fruit or nuts from Peru, with a 46% share of total exports. Moreover, exports of chocolate bars with cereals, fruit or nuts to Bolivia exceeded the volume sent to the second major destination, the United States (X tons), threefold. Mexico (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia amounted to +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+29.9% per year) and Mexico (+21.3% per year).

In value terms, the largest markets for cereal, fruit or nut chocolate bar exported from Peru were Bolivia ($X), the United States ($X) and Mexico ($X), with a combined 68% share of total exports. Ecuador, Chile, Colombia and Suriname lagged somewhat behind, together accounting for a further 13%.

Among the main countries of destination, Ecuador, with a CAGR of +43.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for chocolate bars with cereals, fruit or nuts amounted to $X per ton, with an increase of 28% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Suriname ($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 Mexico (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Peru

In 2022, purchases abroad of chocolate bars with cereals, fruit or nuts increased by 27% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a pronounced descent. The growth pace was the most rapid in 2018 with an increase of 33% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of chocolate bars with cereals, fruit or nuts surged to $X in 2022. Over the period under review, imports, however, continue to indicate a mild setback. The pace of growth appeared the most rapid in 2021 when imports increased by 38%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Colombia (X tons) constituted the largest supplier of cereal, fruit or nut chocolate bar to Peru, accounting for a 49% share of total imports. Moreover, imports of chocolate bars with cereals, fruit or nuts from Colombia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was held by Chile (X tons), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Colombia stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+9.0% per year) and Chile (-1.7% per year).

In value terms, Malaysia ($X), Colombia ($X) and Brazil ($X) appeared to be the largest cereal, fruit or nut chocolate bar suppliers to Peru, with a combined 82% share of total imports.

Malaysia, with a CAGR of +11.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 chocolate bars with cereals, fruit or nuts amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 8.9% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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 Malaysia ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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