Peru: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Peru

The Peruvian whole fresh milk market expanded to $X in 2022, increasing by 2.8% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Whole Fresh Milk Production in Peru

In value terms, whole fresh milk production amounted to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 17%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Whole Fresh Milk Exports

Exports from Peru

In 2022, overseas shipments of whole fresh milk were finally on the rise to reach X tons after three years of decline. In general, exports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2014 when exports increased by 101% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, whole fresh milk exports soared to $X in 2022. Over the period under review, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by 84%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Venezuela (X tons) was the main destination for whole fresh milk exports from Peru, accounting for a 78% share of total exports. Moreover, whole fresh milk exports to Venezuela exceeded the volume sent to the second major destination, Gambia (X tons), ninefold. Aruba (X tons) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume to Venezuela stood at -18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gambia (-17.1% per year) and Aruba (-16.9% per year).

In value terms, Venezuela ($X) remains the key foreign market for whole fresh milk exports from Peru, comprising 83% of total exports. The second position in the ranking was held by Aruba ($X), with a 3.7% share of total exports. It was followed by Colombia, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to Venezuela stood at -19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (-17.6% per year) and Colombia (+9.2% per year).

Export Prices by Country

In 2022, the average whole fresh milk export price amounted to $X per ton, with an increase of 7.5% against the previous year. Overall, the export price, however, showed a mild decline. The pace of growth appeared the most rapid in 2020 an increase of 16% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Gambia ($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 Colombia (+1.6%), while the prices for the other major destinations experienced a decline.

Whole Fresh Milk Imports

Imports into Peru

Whole fresh milk imports into Peru rose significantly to X tons in 2022, with an increase of 5.9% against 2021 figures. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 547%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, whole fresh milk imports stood at $X in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 557% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Bolivia (X tons), Poland (X tons) and Spain (X tons) were the main suppliers of whole fresh milk imports to Peru, with a combined 89% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +86.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X), Poland ($X) and Chile ($X) were the largest whole fresh milk suppliers to Peru, together comprising 85% of total imports. Spain and the United States lagged somewhat behind, together comprising a further 15%.

Spain, with a CAGR of +79.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average whole fresh milk import price stood at $X per ton in 2022, which is down by -3.5% against the previous year. Overall, the import price recorded a slight slump. The most prominent rate of growth was recorded in 2021 an increase of 7%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Bolivia ($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 (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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