Peru: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Peru

The Peruvian pasta and couscous market amounted to $X in 2022, therefore, remained relatively stable against the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Pasta And Couscous Production in Peru

In value terms, pasta and couscous production totaled $X in 2022 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.7% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 52%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Pasta And Couscous Exports

Exports from Peru

In 2022, approx. X tons of stuffed pasta and couscous were exported from Peru; waning by -18.3% on 2021 figures. Overall, exports, however, posted strong growth. The pace of growth was the most pronounced in 2021 with an increase of 58%. As a result, the exports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, pasta and couscous exports declined notably to $X in 2022. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 69%. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Chile (X tons) was the main destination for pasta and couscous exports from Peru, with a 92% share of total exports. Moreover, pasta and couscous exports to Chile exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. The United States (X tons) ranked third in terms of total exports with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile totaled +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+58.3% per year) and the United States (+6.8% per year).

In value terms, Chile ($X) remains the key foreign market for stuffed pasta and couscous exports from Peru, comprising 87% of total exports. The second position in the ranking was held by Germany ($X), with a 6.6% share of total exports. It was followed by the United States, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile stood at +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+38.9% per year) and the United States (+9.0% per year).

Export Prices by Country

In 2022, the average pasta and couscous export price amounted to $X per ton, falling by -2.6% against the previous year. Over the period under review, the export price saw a slight contraction. The most prominent rate of growth was recorded in 2017 an increase of 35% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Chile ($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 El Salvador (+42.5%), while the prices for the other major destinations experienced mixed trend patterns.

Pasta And Couscous Imports

Imports into Peru

In 2022, supplies from abroad of stuffed pasta and couscous decreased by -3.4% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 55% against the previous year. Imports peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, pasta and couscous imports contracted to $X in 2022. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 79%. Over the period under review, imports reached the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

China (X tons), the United States (X tons) and Brazil (X tons) were the main suppliers of pasta and couscous imports to Peru, together comprising 59% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +65.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pasta and couscous suppliers to Peru were the United States ($X), China ($X) and Argentina ($X), with a combined 56% share of total imports. Brazil, South Korea, Chile and Italy lagged somewhat behind, together comprising a further 36%.

Brazil, with a CAGR of +65.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 pasta and couscous import price amounted to $X per ton, with a decrease of -5.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, 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 South Korea ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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