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

Market Size for Fish Fats And Oils in Peru

In 2020, the Peruvian fish fat and oil market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption continues to indicate a deep slump. The pace of growth appeared 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 2020, 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 declined markedly to $X in 2020 estimated in export prices. Over the period under review, production recorded a noticeable slump. The pace of growth appeared the most rapid in 2012 when the production volume increased by X% y-o-y. As a result, production attained the peak level of $X. from 2013 to 2020, production growth remained at a lower figure.

Exports of Fish Fats And Oils

Exports from Peru

In 2020, shipments abroad of fish fats and oils decreased by -X% to X tonnes for the first time since 2016, thus ending a three-year rising trend. Overall, exports recorded a abrupt descent. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at X tonnes in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

In value terms, fish fat and oil exports reduced markedly to $X in 2020. Over the period under review, total exports indicated a moderate expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. from 2013 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Norway (X tonnes), Denmark (X tonnes) and Belgium (X tonnes) were the main destinations of fish fat and oil exports from Peru, with a combined X% share of total exports. Chile, Canada, China and the U.S. lagged somewhat behind, together comprising a further X 2007 to 2020, 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 more modest paces of growth.

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

Export Prices by Country

In 2020, the average fish fat and oil export price amounted to $X per tonne, jumping by X% against the previous year. Overall, the export price recorded strong growth. The growth pace was the most rapid in 2013 an increase of X% year-to-year. The export price peaked in 2020 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Chile ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fats And Oils

Imports into Peru

In 2020, the amount of fish fats and oils imported into Peru surged to X tonnes, increasing by X% against the previous year's figure. Over the period under review, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the immediate term.

In value terms, fish fat and oil imports surged to $X in 2020. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. Imports peaked in 2020 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2020, the Netherlands (X tonnes) constituted the largest fish fat and oil supplier to Peru, accounting for a X% share of total imports. Moreover, fish fat and oil imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Chile (X tonnes), threefold. The third position in this ranking was occupied by France (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the Netherlands stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+X% per year) and France (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from the Netherlands totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+X% per year) and France (+X% per year).

Import Prices by Country

In 2020, the average fish fat and oil import price amounted to $X per tonne, growing by X% against the previous year. Over the last thirteen-year period, 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 the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Chile ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Philippines, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

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The countries with the highest volumes of fish fat and oil consumption in 2020 were Norway (1M tonnes), China (744K tonnes) and the U.S. (334K tonnes), with a combined 39% share of global consumption.

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 2020 were Norway (933K tonnes), China (692K tonnes) and the U.S. (369K tonnes), together comprising 37% of global production.

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

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In value terms, the Netherlands ($25M) constituted the largest supplier of fish fat and oil to Peru, comprising 64% of total imports. The second position in the ranking was occupied by Chile ($4.4M), with a 11% share of total imports. It was followed by France, with a 9.2% share.

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

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In value terms, Norway ($66M), Denmark ($51M) and Canada ($50M) were the largest markets for fish fat and oil exported from Peru worldwide, together comprising 50% of total exports. These countries were followed by Belgium, China, the U.S. and Chile, which together accounted for a further 37%.

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 $3,211 per tonne in 2020, with an increase of 41% against the previous year.

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

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The average fish fat and oil import price stood at $2,187 per tonne in 2020, rising by 38% against the previous year.