Peru: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Peru

After two years of growth, the Peruvian rusks and toasted bread market decreased by -2.5% to $X in 2021. Over the period under review, consumption, however, recorded a prominent increase. Over the period under review, the market reached the peak level at $X in 2020, and then contracted slightly in the following year.

Production of Rusks, Toasted Bread and Similar Toasted Products in Peru

In value terms, rusks and toasted bread production contracted modestly to $X in 2021 estimated in export price. In general, production, however, recorded a strong expansion. The growth pace was the most rapid in 2019 when the production volume increased by 60% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped modestly in the following year.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Peru

In 2021, shipments abroad of rusks, toasted bread and similar toasted products increased by 100% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of 134%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, rusks and toasted bread exports surged to $X in 2021. In general, exports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2016 when exports increased by 136% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Uruguay (X tons), Ecuador (X tons) and Chile (X tons) were the main destinations of rusks and toasted bread exports from Peru, together accounting for 89% of total exports. These countries were followed by Argentina, Paraguay and the United States, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Ecuador ($X), Uruguay ($X) and Chile ($X) appeared to be the largest markets for rusks and toasted bread exported from Peru worldwide, together comprising 88% of total exports. These countries were followed by Argentina, Paraguay and the United States, which together accounted for a further 12%.

Among the main countries of destination, Argentina, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average rusks and toasted bread export price stood at $X per ton in 2021, increasing by 4.6% against the previous year. Over the period under review, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rusks and toasted bread export price decreased by -5.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 70%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Paraguay ($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 United States (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Peru

In 2021, approx. X tons of rusks, toasted bread and similar toasted products were imported into Peru; jumping by 38% against 2020. Over the period under review, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 110%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, rusks and toasted bread imports stood at $X in 2021. In general, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by 151% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Brazil (X tons) constituted the largest rusks and toasted bread supplier to Peru, with a 36% share of total imports. Moreover, rusks and toasted bread imports from Brazil exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. The third position in this ranking was taken by Ecuador (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil stood at +72.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+56.1% per year) and Ecuador (+8.9% per year).

In value terms, the largest rusks and toasted bread suppliers to Peru were Brazil ($X), Ecuador ($X) and Italy ($X), with a combined 61% share of total imports.

Brazil, with a CAGR of +56.1%, recorded the highest growth rate of the value of imports, among 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 rusks and toasted bread import price stood at $X per ton in 2021, falling by -26.3% against the previous year. Overall, the import price saw a mild downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 52% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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