Peru: Prepared Mustard Market 2025

Prepared Mustard Market Size in Peru

The Peruvian prepared mustard market expanded markedly to $X in 2021, picking up by 7.2% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.6% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Prepared Mustard Production in Peru

In value terms, prepared mustard production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.8% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by 45% against the previous year. Prepared mustard production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Prepared Mustard Exports

Exports from Peru

In 2021, exports of prepared mustard from Peru soared to X tons, jumping by 848% against the year before. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared mustard exports surged to $X in 2021. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile (X tons) was the main destination for prepared mustard exports from Peru, with a 89% share of total exports. Moreover, prepared mustard exports to Chile exceeded the volume sent to the second major destination, Italy (X tons), tenfold. The third position in this ranking was taken by the Netherlands (X kg), with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile stood at +67.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+8.5% per year) and the Netherlands (-10.7% per year).

In value terms, Chile ($X) remains the key foreign market for prepared mustard exports from Peru, comprising 87% of total exports. The second position in the ranking was taken by Italy ($X), with an 8% share of total exports. It was followed by the Netherlands, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile totaled +68.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+4.7% per year) and the Netherlands (+0.8% per year).

Export Prices by Country

In 2021, the average prepared mustard export price amounted to $X per ton, falling by -29.5% against the previous year. Over the period under review, the export price recorded a slight decline. The pace of growth was the most pronounced in 2017 an increase of 78% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, 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 ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Imports

Imports into Peru

After three years of growth, overseas purchases of prepared mustard decreased by -11.1% to X tons in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +22.2% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of 42% against the previous year. Imports peaked at X tons in 2020, and then shrank in the following year.

In value terms, prepared mustard imports declined to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 36% against the previous year. Imports peaked at $X in 2020, and then contracted in the following year.

Imports by Country

Mexico (X tons), the United States (X tons) and Canada (X tons) were the main suppliers of prepared mustard imports to Peru, with a combined 89% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +302.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Canada ($X) and Mexico ($X) constituted the largest prepared mustard suppliers to Peru, with a combined 87% share of total imports.

Mexico, with a CAGR of +311.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared mustard import price stood at $X per ton in 2021, falling by -2.3% against the previous year. In general, the import price showed a noticeable setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 1.9%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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