Peru: Vegetable Market 2024

Vegetable Market Size in Peru

In 2022, the Peruvian vegetable market increased by X% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Vegetable consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Vegetable Production in Peru

In value terms, vegetable production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a slight decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

In 2022, the average vegetable yield in Peru shrank to X tons per ha, remaining constant against 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the yield increased by X%. The vegetable yield peaked at X tons per ha in 2021, and then declined in the following year. 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 vegetables in Peru fell slightly to X ha, remaining relatively unchanged against the previous year's figure. Overall, the harvested area, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the harvested area increased by X%. The vegetable harvested area peaked at X ha in 2021, and then shrank modestly in the following year.

Vegetable Exports

Exports from Peru

In 2022, approx. X tons of vegetables were exported from Peru; with a decrease of X% on the previous year's figure. In general, total exports indicated a pronounced increase from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined significantly in the following year.

In value terms, vegetable exports fell notably to $X in 2022. Overall, exports continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined significantly in the following year.

Exports by Country

The United States (X tons) was the main destination for vegetable exports from Peru, accounting for a X% share of total exports. Moreover, vegetable exports to the United States exceeded the volume sent to the second major destination, Colombia (X tons), threefold. Spain (X tons) 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 totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Spain (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average vegetable export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Chile ($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 Bolivia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Imports

Imports into Peru

For the third year in a row, Peru recorded decline in overseas purchases of vegetables, which decreased by X% to X tons in 2022. Over the period under review, imports showed a sharp downturn. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, vegetable imports reduced notably to $X in 2022. Overall, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Egypt (X tons) and the United States (X tons) were the main suppliers of vegetable imports to Peru.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of X%).

In value terms, Egypt ($X) constituted the largest supplier of vegetables to Peru, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports.

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

Import Prices by Country

The average vegetable import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price posted resilient growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual 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 Egypt ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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