Peru: Potato Market 2025

Potato Market Size in Peru

The Peruvian potato market amounted to $X in 2021, growing by 6.4% against the previous year. Over the period under review, consumption showed a pronounced shrinkage. Potato consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Potato Production in Peru

In value terms, potato production skyrocketed to $X in 2021 estimated in export price. In general, production showed a deep downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 40%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

The average yield of potatoes in Peru declined to X tons per ha in 2021, therefore, remained relatively stable against the previous year. The yield figure increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 5.9%. The potato yield peaked at X tons per ha in 2020, and then shrank 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 2021, the harvested area of potatoes in Peru fell modestly to X ha, approximately equating the previous year's figure. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 4% against the previous year. The potato harvested area peaked at X ha in 2020, and then declined modestly in the following year.

Potato Exports

Exports from Peru

In 2021, approx. X tons of potatoes were exported from Peru; jumping by 53% on the year before. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,304%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, potato exports reached $X in 2021. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 845% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Bolivia (X tons) was the main destination for potato exports from Peru, accounting for a 90% share of total exports. Moreover, potato exports to Bolivia exceeded the volume sent to the second major destination, France (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia stood at +86.9%.

In value terms, Bolivia ($X) remains the key foreign market for potato exports from Peru, comprising 86% of total exports. The second position in the ranking was held by France ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia stood at +59.1%.

Export Prices by Country

The average potato export price stood at $X per ton in 2021, reducing by -31.3% against the previous year. Overall, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 39%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Bolivia ($X per ton), while the average price for exports to France stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (-14.9%).

Potato Imports

Imports into Peru

In 2021, supplies from abroad of potatoes decreased by -44.4% to X tons, falling for the second consecutive year after eight years of growth. In general, imports recorded a mild reduction. The growth pace was the most rapid in 2017 when imports increased by 100%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, potato imports reduced markedly to $X in 2021. Over the period under review, imports showed a drastic downturn. The pace of growth was the most pronounced in 2017 when imports increased by 100% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) was the main supplier of potato to Peru, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -1.2%.

In value terms, the United States ($X) constituted the largest supplier of potato to Peru.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -5.3%.

Import Prices by Country

The average potato import price stood at $X per ton in 2021, with a decrease of -18.9% against the previous year. Over the period under review, the import price saw a pronounced contraction. The pace of growth appeared the most rapid in 2017 when the average import price decreased by -0.1% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -4.1% per year.

Source: IndexBox Platform

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