Peru: Melon Seed Market 2024

Melon Seed Market Size in Peru

In 2022, the Peruvian melon seed market decreased by -0.2% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, showed a abrupt decline. Melon seed consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Melon Seed Production in Peru

In value terms, melon seed production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 10% against the previous year. Melon seed production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average yield of melon seed in Peru amounted to less than X kg per ha, approximately equating 2021. Overall, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The melon seed harvested area in Peru amounted to less than X ha in 2022, standing approx. at 2021. In general, the harvested area recorded a relatively flat trend pattern.

Melon Seed Exports

Exports from Peru

Melon seed exports from Peru shrank slightly to X tons in 2022, approximately mirroring 2021. Over the period under review, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2014 when exports increased by 409% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, melon seed exports reduced to $X in 2022. Overall, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 413% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for melon seed exports from Peru, with a 63% share of total exports. Moreover, melon seed exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X tons), threefold. Spain (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to +28.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.1% per year) and Spain (+24.1% per year).

In value terms, the Netherlands ($X) remains the key foreign market for melon seed exports from Peru, comprising 64% of total exports. The second position in the ranking was taken by the United States ($X), with a 21% share of total exports. It was followed by Spain, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled +27.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.7% per year) and Spain (+22.2% per year).

Export Prices by Country

In 2022, the average melon seed export price amounted to $X per ton, standing approx. at the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 11% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and the United States ($X per ton), while the average price for exports to Spain ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.5%), while the prices for the other major destinations experienced a decline.

Melon Seed Imports

Imports into Peru

After three years of growth, purchases abroad of melon seed decreased by -20% to X tons in 2022. Overall, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 91%. Imports peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, melon seed imports dropped to $X in 2022. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 81% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, the United States (X kg) constituted the largest supplier of melon seed to Peru, accounting for a 65% share of total imports. Moreover, melon seed imports from the United States exceeded the figures recorded by the second-largest supplier, China (X kg), ninefold. The third position in this ranking was held by France (X kg), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+58.6% per year) and France (+13.8% per year).

In value terms, the United States ($X) constituted the largest supplier of melon seed to Peru, comprising 64% of total imports. The second position in the ranking was taken by China ($X), with an 8% share of total imports. It was followed by Chile, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+71.8% per year) and Chile (-9.8% per year).

Import Prices by Country

The average melon seed import price stood at $X per ton in 2022, increasing by 7.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 42% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 China ($X per ton), while the price for France ($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 (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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