Peru: Overview of the Market for Fish Fats And Oils 2021

Market Size for Fish Fats And Oils in Peru

The Peruvian fish fat and oil market was estimated at $X in 2019, approximately mirroring the previous year. In general, consumption, however, continues to indicate a pronounced slump. The growth pace was the most rapid in 2009 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2010 to 2019, the growth of the market remained at a somewhat lower figure.

Production of Fish Fats And Oils in Peru

In value terms, fish fat and oil production expanded sharply to $X in 2019 estimated in export prices. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. As a result, production attained the peak level of $X. From 2013 to 2019, production growth failed to regain the momentum.

Exports of Fish Fats And Oils

Exports from Peru

In 2019, overseas shipments of fish fats and oils increased by X% to X tonnes, rising for the third year in a row after two years of decline. Overall, exports, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. From 2013 to 2019, the growth exports remained at a lower figure.

In value terms, fish fat and oil exports rose notably to $X in 2019. In general, total exports indicated a notable increase from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2012 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. From 2013 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Denmark (X tonnes), Belgium (X tonnes) and Canada (X tonnes) were the main destinations of fish fat and oil exports from Peru, together accounting for X% of total exports. China, Chile, Norway and Australia lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China, while exports for the other leaders experienced mixed trend patterns.

In value terms, Canada ($X), Denmark ($X) and Belgium ($X) constituted the largest markets for fish fat and oil exported from Peru worldwide, with a combined X% share of total exports. These countries were followed by China, Norway, Chile and Australia, which together accounted for a further X recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fish fat and oil export price stood at $X per tonne in 2019, which is down by -X% against the previous year. Overall, the export price, however, posted a prominent expansion. The growth pace was the most rapid in 2008 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2017; however, from 2018 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per tonne), while the average price for exports to Chile ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fats And Oils

Imports into Peru

In 2019, imports of fish fats and oils into Peru dropped modestly to X tonnes, with a decrease of -X% on the year before. Over the period under review, imports, however, showed a tangible expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Imports peaked at X tonnes in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, fish fat and oil imports reduced to $X in 2019. Overall, imports, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Chile (X tonnes) was the main supplier of fish fat and oil to Peru, accounting for a X% share of total imports. It was followed by the U.S. (X tonnes), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from Chile amounted to +X%.

In value terms, Chile ($X) constituted the largest supplier of fish fat and oil to Peru, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Chile totaled +X%.

Import Prices by Country

In 2019, the average fish fat and oil import price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, import price indicated mild growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, fish fat and oil import price decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Chile amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Chile.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fish fats and oils in the world?

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China (659K tonnes) constituted the country with the largest volume of fish fat and oil consumption, accounting for 15% of total volume. Moreover, fish fat and oil consumption in China exceeded the figures recorded by the second-largest consumer, Norway (327K tonnes), twofold. The U.S. (302K tonnes) ranked third in terms of total consumption with a 6.9% share.

What are the largest producers of fish fats and oils in the world?

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The countries with the highest volumes of fish fat and oil production in 2019 were China (634K tonnes), the U.S. (369K tonnes) and India (272K tonnes), together comprising 29% of global production. These countries were followed by Norway, Peru, Japan, Russia, Brazil, Mexico, Pakistan, Bangladesh, Indonesia and Nigeria, which together accounted for a further 29%.

What are the leading suppliers of fish fats and oils to Peru?

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In value terms, Chile ($3.7M) constituted the largest supplier of fish fat and oil to Peru, comprising 87% of total imports. The second position in the ranking was occupied by the U.S. ($399K), with a 9.4% share of total imports.

What are the leading importers of fish fats and oils from Peru?

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In value terms, Canada ($82M), Denmark ($75M) and Belgium ($62M) constituted the largest markets for fish fat and oil exported from Peru worldwide, together accounting for 49% of total exports. China, Norway, Chile and Australia lagged somewhat behind, together comprising a further 31%.

What is the average export price for fish fats and oils in Peru?

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The average fish fat and oil export price stood at $2,752 per tonne in 2019, declining by -5.9% against the previous year.

What is the average import price for fish fats and oils in Peru?

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In 2019, the average fish fat and oil import price amounted to $1,325 per tonne, dropping by -7.3% against the previous year.