Peru: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Peru

The Peruvian market for salted, dried or smoked meat, and offal fell remarkably to $X in 2022, declining by -22.1% against 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). Overall, consumption, however, enjoyed a remarkable increase. Over the period under review, the market reached the peak level at $X in 2021, and then dropped rapidly in the following year.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Peru

In 2022, after six years of growth, there was significant decline in overseas shipments of salted, dried or smoked meat, and offal, when their volume decreased by -19.9% to X kg. Overall, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 56%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of salted, dried or smoked meat, and offal reduced remarkably to $X in 2022. In general, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 97% against the previous year. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X kg) and France (X kg) were the main destinations of exports of salted, dried or smoked meat, and offal from Peru.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of -5.8%).

In value terms, France ($X) remains the key foreign market for salted, dried or smoked meat, and offal exports from Peru, comprising 90% of total exports. The second position in the ranking was held by Bolivia ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France stood at -18.2%.

Export Prices by Country

In 2022, the average export price for salted, dried or smoked meat, and offal amounted to $X per ton, falling by -5.8% against the previous year. Overall, the export price saw a mild downturn. The growth pace was the most rapid in 2021 an increase of 26%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Bolivia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.3%).

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Peru

In 2022, imports of salted, dried or smoked meat, and offal into Peru fell notably to X tons, which is down by -24.7% against the previous year. Over the period under review, imports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 167% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2021, and then declined significantly in the following year.

In value terms, imports of salted, dried or smoked meat, and offal dropped significantly to $X in 2022. In general, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 120%. Imports peaked at $X in 2021, and then shrank markedly in the following year.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of salted, dried or smoked meat, and offal to Peru, accounting for a 46% share of total imports. Moreover, imports of salted, dried or smoked meat, and offal from Canada exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada amounted to +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+37.7% per year) and the United States (+3.4% per year).

In value terms, Spain ($X), Chile ($X) and Canada ($X) appeared to be the largest salted, dried or smoked meat, and offal suppliers to Peru, together accounting for 86% of total imports. The United States, the Netherlands, France and Italy lagged somewhat behind, together accounting for a further 14%.

Among the main suppliers, the Netherlands, with a CAGR of +37.6%, 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 import price for salted, dried or smoked meat, and offal amounted to $X per ton, growing by 3.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 13% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, 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 Chile ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform