Peru: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in Peru

The Peruvian lettuce and chicory market contracted modestly to $X in 2022, dropping by -3.1% against the previous year. The market value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Lettuce and chicory consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Lettuce And Chicory Production in Peru

In value terms, lettuce and chicory production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 24%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The average yield of lettuce and chicory in Peru shrank slightly to X tons per ha in 2022, which is down by -2.7% on the year before. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 5.5% against the previous year. As a result, the yield attained the peak level of X tons per ha, and then fell in the following year. 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 lettuce and chicory production in Peru stood at X ha, picking up by 2.7% compared with the year before. The harvested area increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the harvested area increased by 15%. The lettuce and chicory harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Lettuce And Chicory Exports

Exports from Peru

In 2022, shipments abroad of lettuce and chicory increased by 3.6% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 3.6% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, lettuce and chicory exports declined to $X in 2022. In general, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Ireland (X tons) and the Dominican Republic (X tons) were the main destinations of lettuce and chicory exports from Peru, with a combined 93% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +72.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for lettuce and chicory exports from Peru, comprising 72% of total exports. The second position in the ranking was held by Ireland ($X), with a 16% share of total exports. It was followed by the Dominican Republic, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+16.6% per year) and the Dominican Republic (+82.5% per year).

Export Prices by Country

In 2022, the average lettuce and chicory export price amounted to $X per ton, with a decrease of -14.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2021 an increase of 39% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

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 ($X per ton), while the average price for exports to Kuwait ($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 the Dominican Republic (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.

Lettuce And Chicory Imports

Imports into Peru

In 2022, purchases abroad of lettuce and chicory increased by 264% to X kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt contraction. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, lettuce and chicory imports surged to $X in 2022. In general, imports, however, continue to indicate a perceptible shrinkage. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

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

From 2015 to 2022, the average annual growth rate of volume from Brazil amounted to +264.1%.

In value terms, Brazil ($X) constituted the largest supplier of lettuce and chicory to Peru.

From 2015 to 2022, the average annual growth rate of value from Brazil stood at +535.3%.

Import Prices by Country

In 2022, the average lettuce and chicory import price amounted to $X per ton, growing by 74% against the previous year. In general, the import price recorded a resilient increase. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2015 to 2022, the rate of growth in terms of prices for Brazil amounted to +74.4% per year.

Source: IndexBox Platform

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