Peru - Yoghurt - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Peru - Yoghurt - Market Analysis, Forecast, Size, Trends and Insights

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Price for Yoghurt and Fermented Milk in Peru - 2021

Contents:

  1. Price for Yoghurt and Fermented Milk in Peru (CIF) - 2021
  2. Price for Yoghurt and Fermented Milk in Peru (FOB) - 2022
  3. Imports of Yoghurt and Fermented Milk in Peru
  4. Exports of Yoghurt and Fermented Milk in Peru

Price for Yoghurt and Fermented Milk in Peru (CIF) - 2021

The average yoghurt and fermented milk import price stood at $3,003 per ton in April 2020, rising by 3.9% against the previous month. Over the last three-month period, it increased at an average monthly rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Ireland.

From January 2020 to April 2020, the rate of growth in terms of prices for Ireland amounted to +2.3% per month.

Price for Yoghurt and Fermented Milk in Peru (FOB) - 2022

In 2022, the average yoghurt and fermented milk export price amounted to $1,342 per ton, declining by -2.4% against the previous year. Over the period under review, the export price recorded a slight setback. The most prominent rate of growth was recorded in 2017 an increase of 15%. The export price peaked at $1,682 per ton in 2018; however, from 2019 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 Chile ($1,630 per ton), while the average price for exports to Curacao ($798 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 (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Yoghurt and Fermented Milk in Peru

In 2022, the amount of yoghurt and fermented milk imported into Peru reduced remarkably to 3K tons, shrinking by -15.1% against the previous year. Overall, imports showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 43%.

In value terms, yoghurt and fermented milk imports declined significantly to $9M in 2022. In general, imports faced a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 55%.

Import of Yoghurt and Fermented Milk in Peru (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ireland4.65.49.46.813.9%
New Zealand6.41.61.22.2-29.9%
Germany0.5N/A0.3N/A-22.5%
United Kingdom0.5N/AN/AN/A0%
Netherlands0.9N/AN/AN/A0%
Others0.20.1N/AN/A-50.0%
Total13.27.111.09.0-12.0%

Top Suppliers of Yoghurt and Fermented Milk to Peru in 2022:

  1. Ireland (2.3K tons)
  2. New Zealand (0.7K tons)

Exports of Yoghurt and Fermented Milk in Peru

Yoghurt and fermented milk exports from Peru was estimated at 225 tons in 2022, picking up by 8.8% against 2021. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 57% against the previous year. As a result, the exports attained the peak of 243 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, yoghurt and fermented milk exports rose notably to $302K in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 66% against the previous year. As a result, the exports attained the peak of $319K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Yoghurt and Fermented Milk in Peru (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile12412022323223.2%
Aruba27.742.140.041.714.6%
Haiti28.57.514.717.3-15.3%
Curacao4.622.24.910.933.3%
United KingdomN/A124N/AN/A0%
Others7.43.51.9N/A-49.3%
Total19331928430216.1%

Top Export Markets for Yoghurt and Fermented Milk from Peru in 2022:

  1. Chile (142.3 tons)
  2. Aruba (51.5 tons)
  3. Haiti (17.5 tons)
  4. Curacao (13.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for yoghurt and fermented milk in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 891 - Yoghurt
  • FCL 892 - Yoghurt, Concentrated or Unconcent
  • FCL 893 - Buttermilk, Curdled Milk, Acidified Milk
  • FCL 899 - Dry Buttermilk

Country coverage:

  • Peru

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Peru
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Producing Animals Slaughtered, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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