Peru: Market for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes 2024

Market Size for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Peru

The Peruvian fruit or nut preserves market expanded rapidly to $X in 2021, increasing by 11% against the previous year. The market value increased at an average annual rate of +4.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Fruit or nut preserves consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Peru

In value terms, fruit or nut preserves production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 28%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Exports from Peru

After two years of growth, overseas shipments of jams, marmalades, fruit jellies, fruit or nut purees and pastes decreased by -21.3% to X tons in 2021. Overall, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +17.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 57% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then dropped sharply in the following year.

In value terms, fruit or nut preserves exports reduced to $X in 2021. In general, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +36.1% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 52% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then dropped in the following year.

Exports by Country

The United States (X tons) was the main destination for fruit or nut preserves exports from Peru, with a 72% share of total exports. Moreover, fruit or nut preserves exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), more than tenfold. Finland (X tons) ranked third in terms of total exports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+37.6% per year) and Finland (+545.8% per year).

In value terms, the United States ($X) remains the key foreign market for jams, marmalades, fruit jellies, fruit or nut purees and pastes exports from Peru, comprising 57% of total exports. The second position in the ranking was taken by Canada ($X), with an 8.3% share of total exports. It was followed by Finland, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+45.1% per year) and Finland (+526.9% per year).

Export Prices by Country

The average fruit or nut preserves export price stood at $X per ton in 2021, surging by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to the Netherlands ($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 Canada (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Imports into Peru

In 2021, after two years of decline, there was significant growth in purchases abroad of jams, marmalades, fruit jellies, fruit or nut purees and pastes, when their volume increased by 326% to X tons. Overall, imports showed a pronounced increase. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, fruit or nut preserves imports skyrocketed to $X in 2021. In general, imports, however, saw a slight descent. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Greece (X tons) constituted the largest supplier of fruit or nut preserves to Peru, with a 69% share of total imports. Moreover, fruit or nut preserves imports from Greece exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fourfold. Chile (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from Greece totaled +44.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-1.5% per year) and Chile (-18.9% per year).

In value terms, Greece ($X) constituted the largest supplier of jams, marmalades, fruit jellies, fruit or nut purees and pastes to Peru, comprising 56% of total imports. The second position in the ranking was taken by South Africa ($X), with a 16% share of total imports. It was followed by Chile, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Greece amounted to +35.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-1.4% per year) and Chile (-21.3% per year).

Import Prices by Country

The average fruit or nut preserves import price stood at $X per ton in 2021, dropping by -24.8% against the previous year. Over the period under review, the import price showed a perceptible setback. The growth pace was the most rapid in 2020 an increase of 18%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+0.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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