Peru: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Peru

The Peruvian inedible fish products market reduced to $X in 2022, waning by -12.1% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Inedible fish products consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Inedible Fish Products Production in Peru

In value terms, inedible fish products production fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 60% against the previous year. Inedible fish products production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Inedible Fish Products Exports

Exports from Peru

In 2022, inedible fish products exports from Peru dropped dramatically to X tons, which is down by -26% against the year before. Over the period under review, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2019 with an increase of 160% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, inedible fish products exports contracted to $X in 2022. In general, exports continue to indicate a significant curtailment. The growth pace was the most rapid in 2019 when exports increased by 222%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for inedible fish products exports from Peru, accounting for a 97% share of total exports. It was followed by Japan (X kg), with a 2.8% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +6.7%.

In value terms, the United States ($X) emerged as the key foreign market for inedible fish products exports from Peru, comprising 98% of total exports. The second position in the ranking was held by Japan ($X), with a 2.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +7.7%.

Export Prices by Country

The average inedible fish products export price stood at $X per ton in 2022, increasing by 16% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2015 when the average export price increased by 31%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external 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 Japan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

Inedible Fish Products Imports

Imports into Peru

In 2022, approx. X tons of inedible fish products were imported into Peru; shrinking by -10.6% compared with the previous year's figure. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, inedible fish products imports dropped to $X in 2022. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

The United States (X tons), Spain (X tons) and Denmark (X tons) were the main suppliers of inedible fish products imports to Peru, with a combined 93% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +65.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest inedible fish products suppliers to Peru were the United States ($X), Spain ($X) and Denmark ($X), together accounting for 94% of total imports.

Spain, with a CAGR of +87.5%, recorded the highest rates of growth with regard to 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

The average inedible fish products import price stood at $X per ton in 2022, reducing by -3.4% against the previous year. In general, the import price, however, posted a resilient increase. The growth pace was the most rapid in 2013 when the average import price increased by 60% against the previous year. The import price peaked at $X per ton in 2021, and then dropped slightly in the following year.

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 Spain ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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