Peru: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Peru

The Peruvian market for protein concentrates and flavoured or coloured sugar syrups was finally on the rise to reach $X in 2021, after four years of decline. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Peru

In value terms, production of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021 estimated in export price. In general, production, however, saw a mild decrease. The growth pace was the most rapid in 2016 with an increase of 39%. Production of peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Peru

In 2021, shipments abroad of protein concentrates and flavoured or coloured sugar syrups was finally on the rise to reach X tons after three years of decline. Overall, exports continue to indicate buoyant growth. Over the period under review, the exports of reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 268%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for exports of protein concentrates and flavoured or coloured sugar syrups from Peru, accounting for a 90% share of total exports. It was followed by Canada (X tons), with a 2.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +30.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+115.2% per year) and China (-10.6% per year).

In value terms, the United States ($X) remains the key foreign market for protein concentrates and flavoured or coloured sugar syrups exports from Peru, comprising 88% of total exports. The second position in the ranking was held by China ($X), with a 4.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +41.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+9.6% per year) and Canada (+122.5% per year).

Export Prices by Country

In 2021, the average export price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, falling by -7.4% against the previous year. Overall, the export price, however, saw a resilient expansion. The pace of growth was the most pronounced in 2014 an increase of 269%. The export price peaked at $X per ton in 2020, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United States ($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 China (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Peru

In 2021, imports of protein concentrates and flavoured or coloured sugar syrups into Peru soared to X tons, picking up by 35% on 2020. In general, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 74%. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 70% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of protein concentrate and flavoured or coloured sugar syrup to Peru, accounting for a 83% share of total imports. Moreover, imports of protein concentrates and flavoured or coloured sugar syrups from the United States exceeded the figures recorded by the second-largest supplier, Argentina (X tons), tenfold. Brazil (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+24.2% per year) and Brazil (+51.0% per year).

In value terms, the United States ($X) constituted the largest supplier of protein concentrates and flavoured or coloured sugar syrups to Peru, comprising 78% of total imports. The second position in the ranking was held by Brazil ($X), with a 9.3% share of total imports. It was followed by Argentina, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+53.1% per year) and Argentina (+25.0% per year).

Import Prices by Country

The average import price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, growing by 22% against the previous year. Over the period under review, the import price, however, recorded a perceptible curtailment. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+30.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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