Peru: Coffee Substitutes Market 2024

Coffee Substitutes Market Size in Peru

The Peruvian coffee substitutes market expanded notably to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Coffee Substitutes Production in Peru

In value terms, coffee substitutes production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Coffee Substitutes Exports

Exports from Peru

In 2022, shipments abroad of coffee substitutes containing coffee was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, coffee substitutes exports expanded sharply to $X in 2022. Overall, exports, however, recorded a sharp reduction. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for coffee substitutes exports from Peru, with a X% share of total exports. Moreover, coffee substitutes exports to Chile exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Denmark (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Chile stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Denmark (X% per year).

In value terms, the largest markets for coffee substitutes exported from Peru were Chile ($X), the United States ($X) and the Dominican Republic ($X), together accounting for X% of total exports. These countries were followed by Denmark, which accounted for a further X%.

Among the main countries of destination, Denmark, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average coffee substitutes export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, saw a slight curtailment. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Denmark ($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 the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coffee Substitutes Imports

Imports into Peru

In 2022, coffee substitutes imports into Peru soared to X tons, jumping by X% against 2021. In general, imports, however, faced a significant decrease. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, coffee substitutes imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a significant decline. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest coffee substitutes supplier to Peru, accounting for a X% share of total imports. Moreover, coffee substitutes imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to X%.

In value terms, Italy ($X) constituted the largest supplier of coffee substitutes containing coffee to Peru, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Italy totaled X%.

Import Prices by Country

In 2022, the average coffee substitutes import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain totaled $X per ton.

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

Source: IndexBox Platform