Starches; Inulin Price in Peru - 2021

Starches; Inulin Price in Peru (CIF) - 2021

The average starches; inulin import price stood at $648 per ton in April 2020, declining by -6% against the previous month. Over the period under review, the import price saw a deep contraction. The growth pace was the most rapid in March 2020 an increase of 2.8% against the previous month. The import price peaked at $772 per ton in January 2020; however, from February 2020 to April 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In April 2020, the country with the highest price was the Netherlands ($840 per ton), while the price for Brazil ($386 per ton) was amongst the lowest.

From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by Argentina (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Starches; Inulin Price in Peru (FOB) - 2022

The average starches; inulin export price stood at $834 per ton in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 31%. The export price peaked at $841 per ton in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,111 per ton), while the average price for exports to Chile ($396 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 (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Starches; Inulin Imports in Peru

In 2022, the amount of starches; inulins imported into Peru reached 31K tons, growing by 4.5% on the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 7.7% against the previous year. As a result, imports attained the peak of 32K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, starches; inulin imports expanded sharply to $21M in 2022. In general, imports, however, recorded a perceptible contraction.

Import of Starches; Inulin in Peru (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	7.1	9.6	6.2	6.9	-0.9%
Denmark	4.1	4.7	3.6	3.7	-3.4%
Netherlands	2.4	0.8	2.2	2.0	-5.9%
Brazil	2.1	3.0	1.0	1.8	-5.0%
Poland	2.6	1.2	1.7	1.7	-13.2%
Argentina	0.5	0.3	1.5	1.4	40.9%
Paraguay	N/A	N/A	0.7	0.7	0.0%
Thailand	0.8	0.7	0.1	0.5	-14.5%
Colombia	0.8	0.1	0.1	0.3	-27.9%
Others	1.7	1.3	2.2	1.6	-2.0%
Total	22.4	21.8	19.5	20.6	-2.8%

Top Suppliers of Starches; Inulin to Peru in 2022:

Germany (9.1K tons)
Denmark (5.2K tons)
Brazil (4.7K tons)
Netherlands (2.8K tons)
Argentina (2.6K tons)
Poland (2.3K tons)
Paraguay (0.9K tons)
Colombia (0.8K tons)
Thailand (0.8K tons)

Starches; Inulin Exports in Peru

In 2022, starches; inulin exports from Peru contracted sharply to 708 tons, which is down by -32.9% on the previous year's figure. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 186%.

In value terms, starches; inulin exports shrank dramatically to $590K in 2022. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 201%. As a result, the exports attained the peak of $886K, and then shrank dramatically in the following year.

Export of Starches; Inulin in Peru (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ecuador	592	137	690	458	-8.2%
United States	63.2	69.4	90.1	59.8	-1.8%
Spain	67.9	39.0	42.3	32.4	-21.9%
Bolivia	47.2	12.8	11.1	15.4	-31.2%
Chile	0.3	1.1	11.8	7.9	197.5%
Others	29.8	35.1	41.2	17.2	-16.7%
Total	801	294	886	590	-9.7%