Peru: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Peru

The Peruvian uncooked pasta market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Uncooked Pasta Production in Peru

In value terms, uncooked pasta production reached $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 16%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Uncooked Pasta Exports

Exports from Peru

In 2021, after two years of growth, there was significant decline in shipments abroad of uncooked pasta, when their volume decreased by -40.9% to X tons. Overall, total exports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 54%. The exports peaked at X tons in 2020, and then dropped dramatically in the following year.

In value terms, uncooked pasta exports shrank dramatically to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 29% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then reduced dramatically in the following year.

Exports by Country

Chile (X tons), Bolivia (X tons) and Panama (X tons) were the main destinations of uncooked pasta exports from Peru, together comprising 76% of total exports. Ecuador, Nicaragua, Cuba and Haiti lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cuba (with a CAGR of +278.0%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Bolivia ($X) and Ecuador ($X) constituted the largest markets for uncooked pasta exported from Peru worldwide, with a combined 74% share of total exports. These countries were followed by Panama, Nicaragua, Cuba and Haiti, which together accounted for a further 22%.

In terms of the main countries of destination, Cuba, with a CAGR of +243.0%, 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

In 2021, the average uncooked pasta export price amounted to $X per ton, growing by 6.1% against the previous year. Overall, the export price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2016 an increase of 9.2%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Haiti ($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 Panama (-1.9%), while the prices for the other major destinations experienced a decline.

Uncooked Pasta Imports

Imports into Peru

Uncooked pasta imports into Peru surged to X tons in 2021, jumping by 205% compared with 2020 figures. Over the period under review, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 356%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, uncooked pasta imports surged to $X in 2021. In general, imports posted prominent growth. The pace of growth was the most pronounced in 2019 when imports increased by 175% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) was the main supplier of uncooked pasta to Peru, accounting for a 91% share of total imports. Moreover, uncooked pasta imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +143.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.7% per year) and China (-2.2% per year).

In value terms, Turkey ($X) constituted the largest supplier of uncooked pasta to Peru, comprising 74% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey totaled +156.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.6% per year) and China (+4.2% per year).

Import Prices by Country

The average uncooked pasta import price stood at $X per ton in 2021, waning by -30.7% against the previous year. In general, the import price saw a perceptible slump. The growth pace was the most rapid in 2014 an increase of 75% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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