Peru: Orange Market 2024

Orange Market Size in Peru

The Peruvian orange market reached $X in 2022, surging by 2% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Orange Production in Peru

In value terms, orange production rose modestly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year. Orange production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average yield of oranges in Peru stood at X tons per ha, remaining relatively unchanged against 2021. The yield figure increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 9.5% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2021 to 2022, the growth of the average orange yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of oranges were harvested in Peru; shrinking by -1.5% against 2021. The harvested area increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 6.9%. Over the period under review, the harvested area dedicated to orange production reached the maximum at X ha in 2021, and then reduced in the following year.

Orange Exports

Exports from Peru

In 2022, exports of oranges from Peru rose significantly to X tons, picking up by 10% compared with the year before. Overall, exports saw a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 60%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, orange exports surged to $X in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 62% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for orange exports from Peru, accounting for a 57% share of total exports. Moreover, orange exports to the Netherlands exceeded the volume sent to the second major destination, the UK (X tons), fivefold. Panama (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+8.3% per year) and Panama (+71.8% per year).

In value terms, the Netherlands ($X) remains the key foreign market for oranges exports from Peru, comprising 47% of total exports. The second position in the ranking was taken by the UK ($X), with a 10% share of total exports. It was followed by Hong Kong SAR, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+8.5% per year) and Hong Kong SAR (+31.3% per year).

Export Prices by Country

The average orange export price stood at $X per ton in 2022, growing by 5% against the previous year. Overall, the export price, however, showed a noticeable slump. The pace of growth was the most pronounced in 2020 an increase of 6.4%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Panama ($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 (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.

Orange Imports

Imports into Peru

In 2022, imports of oranges into Peru declined to X tons, which is down by -10.2% compared with the previous year. Overall, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 372% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, orange imports contracted to $X in 2022. In general, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by 405%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest orange supplier to Peru, accounting for a 80% share of total imports. Moreover, orange imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +16.2%.

In value terms, the United States ($X) constituted the largest supplier of oranges to Peru, comprising 84% of total imports. The second position in the ranking was held by Chile ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +16.7%.

Import Prices by Country

The average orange import price stood at $X per ton in 2022, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 16%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Chile stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+3.3%).

Source: IndexBox Platform

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