Peru: Root And Tuber Market 2024

Root And Tuber Market Size in Peru

The Peruvian root and tuber market fell slightly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption showed a noticeable setback. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Root And Tuber Production in Peru

In value terms, root and tuber production fell to $X in 2022 estimated in export price. Overall, production recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of roots and tubers in Peru fell to X tons per ha in 2022, approximately reflecting the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the average root and tuber yield reached the peak level at X tons per ha in 2021, and then fell slightly 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 harvested area of roots and tubers in Peru totaled X ha, remaining stable against 2021. In general, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The root and tuber harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Root And Tuber Exports

Exports from Peru

In 2022, root and tuber exports from Peru surged to X tons, picking up by X% against the previous year's figure. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, root and tuber exports skyrocketed to $X in 2022. Overall, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Chile (X tons), Bolivia (X tons) and Ecuador (X tons) were the main destinations of root and tuber exports from Peru, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X), Chile ($X) and the Netherlands ($X) constituted the largest markets for root and tuber exported from Peru worldwide, together accounting for X% of total exports.

Bolivia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the 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 ($X per ton), while the average price for exports to Ecuador ($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 Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Root And Tuber Imports

Imports into Peru

For the third year in a row, Peru recorded growth in supplies from abroad of roots and tubers, which increased by X% to X tons in 2022. Over the period under review, imports enjoyed strong growth. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, root and tuber imports surged to $X in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Costa Rica (X tons), Ecuador (X tons) and China (X kg) were the main suppliers of root and tuber imports to Peru, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Costa Rica ($X) constituted the largest supplier of roots and tubers to Peru, comprising X% of total imports. The second position in the ranking was held by Ecuador ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Costa Rica totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average root and tuber import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price recorded a strong expansion. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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