Report Update Nov 1, 2024

Peru - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Rennet Market 2024

Rennet Market Size in Peru

The Peruvian rennet market totaled $X in 2021, with an increase of 1.7% against the previous year. In general, consumption recorded a remarkable increase. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Rennet Production in Peru

In value terms, rennet production stood at $X in 2021 estimated in export price. Overall, production saw noticeable growth. The growth pace was the most rapid in 2019 when the production volume increased by 42% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Rennet Exports

Exports from Peru

In 2021, shipments abroad of rennet and concentrates thereof decreased by -6% to X kg, falling for the fifth year in a row after two years of growth. In general, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2015 with an increase of 258% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, rennet exports dropped to $X in 2021. Overall, exports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 350%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X kg) was the main destination for rennet exports from Peru, with a 72% share of total exports. Moreover, rennet exports to Ecuador exceeded the volume sent to the second major destination, Denmark (X kg), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ecuador totaled -23.0%.

In value terms, Ecuador ($X) remains the key foreign market for rennet and concentrates thereof exports from Peru, comprising 68% of total exports. The second position in the ranking was held by Denmark ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Ecuador totaled -19.5%.

Export Prices by Country

The average rennet export price stood at $X per ton in 2021, reducing by -2.6% against the previous year. In general, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 58%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Denmark ($X per ton), while the average price for exports to Ecuador totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+60.1%), while the prices for the other major destinations experienced mixed trend patterns.

Rennet Imports

Imports into Peru

In 2021, rennet imports into Peru soared to X tons, rising by 60% compared with 2020. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 64%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, rennet imports surged to $X in 2021. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2013 when imports increased by 71% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Denmark (X tons) constituted the largest supplier of rennet to Peru, accounting for a 62% share of total imports. Moreover, rennet imports from Denmark exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark stood at +41.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+68.6% per year) and Colombia (+31.2% per year).

In value terms, Denmark ($X) constituted the largest supplier of rennet and concentrates thereof to Peru, comprising 65% of total imports. The second position in the ranking was taken by Colombia ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark totaled +53.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+36.6% per year) and Italy (+69.8% per year).

Import Prices by Country

In 2021, the average rennet import price amounted to $X per ton, increasing by 3.6% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rennet import price increased by +99.7% against 2012 indices. The growth pace was the most rapid in 2013 when the average import price increased by 36%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Colombia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet consumption in 2020 were China, the United States and India, with a combined 40% share of global consumption. These countries were followed by Japan, Pakistan, Germany, Italy, Brazil, Indonesia, Turkey, France, the UK and Mexico, which together accounted for a further 33%.

What are the largest producers of rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet production in 2020 were China, the United States and India, with a combined 40% share of global production. These countries were followed by Germany, Japan, Pakistan, Italy, Brazil, Indonesia, Turkey, Denmark, France and Mexico, which together accounted for a further 36%.

What are the leading suppliers of rennet and concentrates thereof to Peru?

In value terms, Denmark constituted the largest supplier of rennet to Peru, comprising 72% of total imports. The second position in the ranking was occupied by Colombia, with a 22% share of total imports.

What are the leading importers of rennet and concentrates thereof from Peru?

In value terms, Ecuador remains the key foreign market for rennet exports from Peru.

What is the average export price for rennet and concentrates thereof in Peru?

In 2020, the average rennet export price amounted to $7,864 per ton, with a decrease of -42.7% against the previous year.

What is the average import price for rennet and concentrates thereof in Peru?

The average rennet import price stood at $68,710 per ton in 2020, picking up by 46% against the previous year.

This report provides an in-depth analysis of the rennet 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:

Prodcom 20146450 - Rennet and concentrates thereof

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