Peru: Non-Wheat Flour Market 2024

Non-Wheat Flour Market Size in Peru

The Peruvian non-wheat flour market stood at $X in 2021, growing by 3.6% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Non-Wheat Flour Production in Peru

In value terms, non-wheat flour production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 47% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Non-Wheat Flour Exports

Exports from Peru

In 2021, shipments abroad of non-wheat flours increased by 8.4% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 78%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, non-wheat flour exports reduced modestly to $X in 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 198%. The exports peaked at $X in 2020, and then contracted slightly in the following year.

Exports by Country

The United States (X tons), Bolivia (X tons) and Chile (X tons) were the main destinations of non-wheat flour exports from Peru, together accounting for 60% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +104.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for non-wheat flours exports from Peru, comprising 44% of total exports. The second position in the ranking was held by Bolivia ($X), with a 6.2% share of total exports. It was followed by Spain, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +35.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+30.3% per year) and Spain (+16.4% per year).

Export Prices by Country

The average non-wheat flour export price stood at $X per ton in 2021, dropping by -8% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average export price increased by 67% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Bolivia ($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 Italy (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Flour Imports

Imports into Peru

In 2021, after seven years of growth, there was significant decline in supplies from abroad of non-wheat flours, when their volume decreased by -6.7% to X tons. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 275%. Imports peaked at X tons in 2020, and then contracted in the following year.

In value terms, non-wheat flour imports reduced sharply to $X in 2021. In general, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 260%. Imports peaked at $X in 2020, and then fell remarkably in the following year.

Imports by Country

Mexico (X tons), the United States (X tons) and Venezuela (X tons) were the main suppliers of non-wheat flour imports to Peru, with a combined 82% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +143.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-wheat flour suppliers to Peru were Mexico ($X), the United States ($X) and Venezuela ($X), with a combined 80% share of total imports.

Mexico, with a CAGR of +125.4%, recorded the highest growth rate of 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 non-wheat flour import price stood at $X per ton in 2021, falling by -11.6% against the previous year. Overall, the import price saw a deep downturn. The pace of growth appeared the most rapid in 2018 an increase of 23%. The import price peaked at $X per ton in 2012; however, from 2013 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 Chile ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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