Peru: Chicken Meat Market 2024

Chicken Meat Market Size in Peru

In 2022, after four years of growth, there was decline in the Peruvian chicken meat market, when its value decreased by X% to $X. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value 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. Based on 2022 figures, consumption increased by X% against 2016 indices. Over the period under review, the market hit record highs at $X in 2021, and then shrank modestly in the following year.

Chicken Meat Production in Peru

In value terms, chicken meat production stood at $X in 2022 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2022: its value 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. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

The average yield of chicken meat in Peru stood at X kg per head in 2022, therefore, remained relatively stable against 2021. In general, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the yield increased by X%. Over the period under review, the average chicken meat yield attained the peak level in 2022 and is likely to see steady growth in the near future.

The number of animals slaughtered for chicken meat production in Peru dropped modestly to X heads in 2022, flattening at the year before. This number increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. The number of animals slaughtered for chicken meat production peaked at X heads in 2019; however, from 2020 to 2022, producing animals remained at a lower figure.

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Chicken Meat Exports

Exports from Peru

Chicken meat exports from Peru fell sharply to X tons in 2022, waning by X% against 2021. Over the period under review, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, chicken meat exports shrank remarkably to $X in 2022. In general, exports saw a sharp descent. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Hungary (X kg) was the main destination for chicken meat exports from Peru, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary totaled X%.

In value terms, Hungary ($X) emerged as the key foreign market for chicken meat exports from Peru.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary stood at X%.

Export Prices by Country

The average chicken meat export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price 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. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Hungary.

From 2012 to 2022, the rate of growth in terms of prices for Hungary amounted to X% per year.

Chicken Meat Imports

Imports into Peru

In 2022, supplies from abroad of chicken meat decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, chicken meat imports expanded notably to $X in 2022. In general, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Brazil (X tons), the United States (X tons) and Chile (X tons) were the main suppliers of chicken meat imports to Peru, together accounting for X% of total imports.

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

In value terms, Brazil ($X) constituted the largest supplier of chicken meat to Peru, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Chile (X% per year).

Import Prices by Country

The average chicken meat import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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