Peru: Sugar Crop Market 2024

Sugar Crop Market Size in Peru

The Peruvian sugar crop market was finally on the rise to reach $X in 2022, after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Sugar crop consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Sugar Crop Production in Peru

In value terms, sugar crop production dropped slightly to $X in 2022 estimated in export price. In general, production saw a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Sugar crop production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

In 2022, the average sugar crop yield in Peru expanded modestly to X tons per ha, growing by X% on the year before. In general, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X% against the previous year. The sugar crop yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sugar crops in Peru shrank modestly to X ha, standing approx. at the year before. Overall, the harvested area, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2015 to 2022, the growth of the sugar crop harvested area remained at a somewhat lower figure.

Sugar Crop Exports

Exports from Peru

In 2022, exports of sugar crops from Peru dropped rapidly to X tons, with a decrease of X% on the previous year's figure. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar crop exports shrank dramatically to $X in 2022. In general, exports showed a mild descent. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for sugar crop exports from Peru, with a X% share of total exports. Moreover, sugar crop exports to the United States exceeded the volume sent to the second major destination, Australia (X tons), ninefold. Canada (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Canada (X% per year).

In value terms, the United States ($X) remains the key foreign market for sugar crops exports from Peru, comprising X% of total exports. The second position in the ranking was held by Australia ($X), with an X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Canada (X% per year).

Export Prices by Country

In 2022, the average sugar crop export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price recorded a mild downturn. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 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 Canada ($X per ton), while the average price for exports to Spain ($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 the Netherlands (X%), while the prices for the other major destinations experienced a decline.

Sugar Crop Imports

Imports into Peru

In 2022, the amount of sugar crops imported into Peru dropped to X tons, shrinking by X% compared with the previous year. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, sugar crop imports reached $X in 2022. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) was the main supplier of sugar crop to Peru, accounting for a X% share of total imports. Moreover, sugar crop imports from Spain exceeded the figures recorded by the second-largest supplier, Chile (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at X%.

In value terms, Spain ($X) constituted the largest supplier of sugar crops to Peru, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled X%.

Import Prices by Country

In 2022, the average sugar crop import price amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat 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 Spain stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :