Peru: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Peru

The Peruvian seafood meals and pellets market was estimated at $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Peru

In value terms, seafood meals and pellets production shrank to $X in 2022 estimated in export price. Overall, production saw a pronounced decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Seafood meals and pellets production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Peru

Seafood meals and pellets exports from Peru shrank to X tons in 2022, declining by X% compared with 2021. Overall, exports saw a perceptible descent. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, seafood meals and pellets exports dropped modestly to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; afterwards, it flattened through to 2022.

Exports by Country

China (X tons) was the main destination for seafood meals and pellets exports from Peru, accounting for a X% share of total exports. Moreover, seafood meals and pellets exports to China exceeded the volume sent to the second major destination, Ecuador (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Germany (X% per year).

In value terms, China ($X) remains the key foreign market for flours, meals and pellets of fish or of crustaceans and molluscs exports from Peru, comprising X% of total exports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average seafood meals and pellets export price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and Ecuador ($X per ton), while the average price for exports to Chile ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Peru

In 2022, after two years of growth, there was significant decline in purchases abroad of flours, meals and pellets of fish or of crustaceans and molluscs, when their volume decreased by X% to X tons. In general, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, seafood meals and pellets imports shrank rapidly to $X in 2022. Overall, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Argentina (X tons) constituted the largest seafood meals and pellets supplier to Peru, with a X% share of total imports. Moreover, seafood meals and pellets imports from Argentina exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fourfold. The third position in this ranking was taken by Chile (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Chile (X% per year).

In value terms, Argentina ($X) constituted the largest supplier of flours, meals and pellets of fish or of crustaceans and molluscs to Peru, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Argentina stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Mexico (X% per year).

Import Prices by Country

The average seafood meals and pellets import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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