Report Update: May 1, 2024

Peru - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Rapeseed Oil Price in Peru - 2021

Rapeseed Oil Price in Peru (CIF) - 2022

The average rapeseed oil import price stood at $1,638 per ton in 2022, which is down by -11.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2021 an increase of 27% against the previous year. As a result, import price reached the peak level of $1,851 per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($2,588 per ton), while the price for Italy ($1,168 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Rapeseed Oil Price in Peru (FOB) - 2022

The average rapeseed oil export price stood at $2,382 per ton in 2022, growing by 34% against the previous year. Over the period under review, the export price, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2021 an increase of 106% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,353 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($4,255 per ton), while the average price for exports to Chile ($727 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 (+29.7%).

Rapeseed Oil Imports in Peru

In 2022, rapeseed oil imports into Peru rose remarkably to 998 tons, surging by 11% against 2021. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -9.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 88%. As a result, imports attained the peak of 1.1K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, rapeseed oil imports contracted to $1.6M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 87%.

Import of Rapeseed Oil in Peru (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	192	567	646	531	40.4%
United States	160	220	370	271	19.2%
Chile	136	103	63.3	172	8.1%
Italy	10.6	33.4	99.0	57.4	75.6%
United Kingdom	10.0	35.9	120	43.8	63.6%
Brazil	36.6	44.5	53.5	26.5	-10.2%
Canada	72.8	54.1	13.8	8.8	-50.6%
Others	242	548	297	525	29.5%
Total	860	1,606	1,663	1,635	23.9%

Top Suppliers of Rapeseed Oil to Peru in 2022:

Spain (304.5 tons)
United States (224.4 tons)
Chile (66.4 tons)
Italy (49.1 tons)
United Kingdom (29.5 tons)
Brazil (18.4 tons)
Canada (3.9 tons)

Rapeseed Oil Exports in Peru

In 2022, approx. 1.2 tons of rapeseed oil were exported from Peru; with an increase of 4,215% on 2021. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 7,551% against the previous year. As a result, the exports attained the peak of 13 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, rapeseed oil exports skyrocketed to $2.8K in 2022. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 7,553% against the previous year. As a result, the exports attained the peak of $11K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Rapeseed Oil in Peru (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Guatemala	N/A	N/A	N/A	2,289	0%
Chile	N/A	169	N/A	412	56.1%
Canada	143	100	44.0	74.0	-19.7%
Trinidad and Tobago	N/A	1,411	N/A	N/A	0%
France	N/A	4,638	2.0	N/A	-100.0%
Others	N/A	4,626	2.0	N/A	-100.0%
Total	143	10,944	48.0	2,775	168.7%

Top Export Markets for Rapeseed Oil from Peru in 2022:

Chile (567.0 kg)
Guatemala (538.0 kg)
Canada (60.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the rapeseed oil market 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 271 - Oil of Rapeseed or Canola oil

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023