Peru: Pork Market 2025

Pork Market Size in Peru

The Peruvian pork market dropped to $X in 2022, standing approx. at the previous year. Overall, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +1.0% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Pork Production in Peru

In value terms, pork production stood at $X in 2022 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -10.0% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 48% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The average yield of pork in Peru totaled X kg per head in 2022, approximately equating the previous year. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by 2.1% against the previous year. Over the period under review, the average pork yield attained the maximum level in 2022 and is expected to retain growth in the immediate term.

The number of animals slaughtered for pork production in Peru shrank to X heads in 2022, with a decrease of -1.8% compared with the year before. This number increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the number of producing animals increased by 6.8% against the previous year. The number of animals slaughtered for pork production peaked at X heads in 2021, and then contracted modestly in the following year.

Pork Exports

Exports from Peru

In 2022, shipments abroad of pork increased by 25% to X tons, rising for the second year in a row after four years of decline. In general, exports, however, faced a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 192% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, pork exports rose remarkably to $X in 2022. Overall, exports, however, showed a deep slump. The growth pace was the most rapid in 2016 with an increase of 304% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

From 2012 to 2022, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to No country was relatively modest.

Pork Imports

Imports into Peru

In 2022, imports of pork into Peru contracted to X tons, with a decrease of -11.5% against the previous year's figure. In general, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.3% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 38% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, pork imports contracted rapidly to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 46% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank significantly in the following year.

Imports by Country

Chile (X tons), the United States (X tons) and Canada (X tons) were the main suppliers of pork imports to Peru, together comprising 86% of total imports. Spain lagged somewhat behind, accounting for a further 14%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +74.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), the United States ($X) and Spain ($X) appeared to be the largest pork suppliers to Peru, with a combined 90% share of total imports.

Among the main suppliers, Spain, with a CAGR of +49.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pork import price stood at $X per ton in 2022, reducing by -4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 17% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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