Peru: Mixed Juices Market 2024

Mixed Juices Market Size in Peru

The Peruvian mixed juices market shrank to $X in 2022, dropping by -1.7% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Mixed juices consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Mixed Juices Production in Peru

In value terms, mixed juices production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 30%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Mixed Juices Exports

Exports from Peru

Mixed juices exports from Peru fell significantly to X tons in 2022, dropping by -15.9% on 2021 figures. In general, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.6% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58%. As a result, the exports reached the peak of X tons, and then declined significantly in the following year.

In value terms, mixed juices exports dropped dramatically to $X in 2022. Overall, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2013 when exports increased by 78% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped markedly in the following year.

Exports by Country

The United States (X tons) was the main destination for mixed juices exports from Peru, accounting for a 41% share of total exports. Moreover, mixed juices exports to the United States exceeded the volume sent to the second major destination, Chile (X tons), twofold. The third position in this ranking was held by Colombia (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+11.9% per year) and Colombia (+1.4% per year).

In value terms, the United States ($X) remains the key foreign market for mixtures of fruit and vegetable juices exports from Peru, comprising 94% of total exports. The second position in the ranking was held by Chile ($X), with a 1.3% share of total exports. It was followed by Saint Kitts and Nevis, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+0.7% per year) and Saint Kitts and Nevis (+19.5% per year).

Export Prices by Country

In 2022, the average mixed juices export price amounted to $X per ton, approximately mirroring the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed juices export price decreased by -17.3% against 2016 indices. The most prominent rate of growth was recorded in 2016 an increase of 59% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Grenada ($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 Saint Kitts and Nevis (+1.7%), while the prices for the other major destinations experienced a decline.

Mixed Juices Imports

Imports into Peru

Mixed juices imports into Peru dropped remarkably to X tons in 2022, falling by -17.9% compared with the previous year's figure. In general, imports, however, saw mild growth. The growth pace was the most rapid in 2014 with an increase of 74%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, mixed juices imports plummeted to $X in 2022. Overall, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2014 with an increase of 113% against the previous year. Imports peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

South Africa (X tons), China (X tons) and Chile (X tons) were the main suppliers of mixed juices imports to Peru, together accounting for 62% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +229.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed juices suppliers to Peru were China ($X), Chile ($X) and South Africa ($X), with a combined 64% share of total imports.

South Africa, with a CAGR of +185.0%, recorded the highest rates of growth with regard to the value of imports, among 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 mixed juices import price amounted to $X per ton, approximately reflecting the previous year. Overall, the import price, however, posted prominent growth. The pace of growth appeared the most rapid in 2020 an increase of 66% against the previous year. The import price peaked at $X per ton in 2021, and then reduced modestly 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 China ($X per ton), while the price for Taiwan (Chinese) ($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 (+36.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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