Report Update Nov 1, 2024

Peru - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Rapeseed Oil Market 2024

Rapeseed Oil Market Size in Peru

The Peruvian rapeseed oil market amounted to $X in 2022, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a strong increase. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Rapeseed Oil Exports

Exports from Peru

In 2022, approx. X tons of rapeseed oil were exported from Peru; picking up by 4,215% against 2021 figures. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 45,434%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, rapeseed oil exports surged to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 48,526%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Chile (X kg), Guatemala (X kg) and Canada (X kg) were the main destinations of rapeseed oil exports from Peru.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +1.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Guatemala ($X) emerged as the key foreign market for rapeseed oil exports from Peru, comprising 82% of total exports. The second position in the ranking was taken by Chile ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Guatemala was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+10.8% per year) and Canada (-7.8% per year).

Export Prices by Country

In 2022, the average rapeseed oil export price amounted to $X per ton, rising by 34% against the previous year. Overall, the export price, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2021 an increase of 106% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Guatemala ($X per ton), while the average price for exports to Chile ($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 Chile (+29.7%).

Rapeseed Oil Imports

Imports into Peru

Rapeseed oil imports into Peru reached X tons in 2022, growing by 11% against the year before. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by 88%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, rapeseed oil imports contracted modestly to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 87%. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

Spain (X tons), the United States (X tons) and Chile (X tons) were the main suppliers of rapeseed oil imports to Peru, with a combined 60% share of total imports. Italy, the UK, Brazil and Canada lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +64.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the United States ($X) and Chile ($X) constituted the largest rapeseed oil suppliers to Peru, together comprising 60% of total imports. Italy, the UK, Brazil and Canada lagged somewhat behind, together comprising a further 8.3%.

In terms of the main suppliers, the UK, with a CAGR of +63.6%, saw the highest rates of growth with regard to 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

In 2022, the average rapeseed oil import price amounted to $X per ton, reducing by -11.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2021 when the average import price increased by 27% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

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 Chile ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rapeseed oil in the world?

The countries with the highest volumes of rapeseed oil consumption in 2021 were China, the United States and India, together accounting for 41% of global consumption. These countries were followed by Germany, Poland, France, Canada, Japan, Belgium, the UK, Mexico, the Netherlands and Norway, which together accounted for a further 42%.

What are the largest producers of rapeseed oil in the world?

The countries with the highest volumes of rapeseed oil production in 2021 were Canada, Germany and China, with a combined 43% share of global production. These countries were followed by India, France, Poland, Japan, the United States, the UK, Belgium, Russia, Mexico and the Czech Republic, which together accounted for a further 42%.

What are the leading suppliers of rapeseed oil to Peru?

In value terms, the United States, Canada and Brazil were the largest rapeseed oil suppliers to Peru, with a combined 60% share of total imports. These countries were followed by Spain, Chile, Italy and the UK, which together accounted for a further 28%.

What are the leading importers of rapeseed oil from Peru?

In value terms, Canada $208) remains the key foreign market for rapeseed oil exports from Peru.

What is the average export price for rapeseed oil in Peru?

In 2021, the average rapeseed oil export price amounted to $886 per ton, approximately mirroring the previous year.

What is the average import price for rapeseed oil in Peru?

In 2021, the average rapeseed oil import price amounted to $1,347 per ton, declining by -4.6% against the previous year.

This report provides an in-depth analysis of the rapeseed oil market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 271 - Oil of Rapeseed or Canola oil

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023