Peru: Market for Pasta Stuffed With Meat, Fish and Cheese 2024

Market Size for Pasta Stuffed With Meat, Fish and Cheese in Peru

In 2022, after five years of growth, there was significant decline in the Peruvian market for pasta stuffed with meat, fish and cheese, when its value decreased by -9.5% to $X. In general, consumption, however, posted buoyant growth. Meat, fish or cheese pasta consumption peaked at $X in 2021, and then shrank in the following year.

Exports of Pasta Stuffed With Meat, Fish and Cheese

Exports from Peru

In 2022, overseas shipments of pasta stuffed with meat, fish and cheese increased by 27% to X kg for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, faced a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of 260%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat, fish or cheese pasta exports contracted to $X in 2022. Over the period under review, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 200% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Panama (X kg) was the main destination for meat, fish or cheese pasta exports from Peru, accounting for a 93% share of total exports. Moreover, meat, fish or cheese pasta exports to Panama exceeded the volume sent to the second major destination, Italy (X kg), more than tenfold. The third position in this ranking was taken by the United States (X kg), with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-11.2% per year) and the United States (-25.0% per year).

In value terms, Panama ($X) remains the key foreign market for pasta stuffed with meat, fish and cheese exports from Peru, comprising 76% of total exports. The second position in the ranking was taken by the United States ($X), with a 13% share of total exports. It was followed by Italy, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-14.1% per year) and Italy (-17.5% per year).

Export Prices by Country

In 2022, the average export price for pasta stuffed with meat, fish and cheese amounted to $X per ton, reducing by -25.5% against the previous year. In general, the export price continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2021 an increase of 69% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Panama ($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 United States (+14.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pasta Stuffed With Meat, Fish and Cheese

Imports into Peru

In 2022, overseas purchases of pasta stuffed with meat, fish and cheese decreased by -9.7% to X tons for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 142%. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, meat, fish or cheese pasta imports dropped to $X in 2022. In general, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2015 when imports increased by 177%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Argentina (X tons) constituted the largest supplier of meat, fish or cheese pasta to Peru, accounting for a 65% share of total imports. Moreover, meat, fish or cheese pasta imports from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. The third position in this ranking was held by China (X tons), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina stood at +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+25.9% per year) and China (-3.1% per year).

In value terms, Argentina ($X) constituted the largest supplier of pasta stuffed with meat, fish and cheese to Peru, comprising 64% of total imports. The second position in the ranking was taken by Brazil ($X), with a 15% share of total imports. It was followed by China, with a 9% share.

From 2012 to 2022, the average annual growth rate of value from Argentina stood at +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+29.4% per year) and China (+1.0% per year).

Import Prices by Country

The average import price for pasta stuffed with meat, fish and cheese stood at $X per ton in 2022, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2013 when the average import price increased by 38% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 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 Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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