Peru: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Peru

The Peruvian tomato ketchup market declined modestly to $X in 2022, reducing by -2.6% against the previous year. Over the period under review, consumption continues to indicate a slight decline. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Tomato Ketchup Production in Peru

In value terms, tomato ketchup production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2015 with an increase of 64% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Tomato Ketchup Exports

Exports from Peru

In 2022, exports of tomato ketchup and tomato sauces from Peru was estimated at X tons, picking up by 3.3% on 2021. Over the period under review, exports recorded a prominent increase. The growth pace was the most rapid in 2017 when exports increased by 312%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, tomato ketchup exports rose markedly to $X in 2022. Overall, exports recorded strong growth. The growth pace was the most rapid in 2017 with an increase of 192%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Ecuador (X tons), Bolivia (X tons) and Chile (X tons) were the main destinations of tomato ketchup exports from Peru.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +23.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Bolivia ($X) and Chile ($X) appeared to be the largest markets for tomato ketchup exported from Peru worldwide.

Among the main countries of destination, Chile, with a CAGR of +33.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tomato ketchup export price stood at $X per ton in 2022, rising by 6.5% against the previous year. Over the period under review, the export price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2015 an increase of 66% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Ecuador ($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 Chile (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Imports

Imports into Peru

In 2022, tomato ketchup imports into Peru fell to X tons, waning by -7.1% compared with the year before. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.2% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 33% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, tomato ketchup imports shrank to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +96.2% against 2015 indices. The pace of growth was the most pronounced in 2016 when imports increased by 42% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

The United States (X tons), Chile (X tons) and Mexico (X tons) were the main suppliers of tomato ketchup imports to Peru, together comprising 84% of total imports. Spain, Italy, China, Argentina and Costa Rica lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +63.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tomato ketchup suppliers to Peru were the United States ($X), Chile ($X) and Mexico ($X), with a combined 82% share of total imports. Italy, Spain, Argentina, China and Costa Rica lagged somewhat behind, together accounting for a further 17%.

In terms of the main suppliers, Spain, with a CAGR of +45.8%, saw the highest growth rate of 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

The average tomato ketchup import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 6.7% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Costa Rica ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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