Peru: Market for Frozen Vegetables other than Potato and Corn 2024

Market Size for Frozen Vegetables other than Potato and Corn in Peru

For the fourth consecutive year, the Peruvian market for frozen vegetables other than potato and corn recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption posted a significant increase. Consumption of peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen Vegetables other than Potato and Corn in Peru

In value terms, production of frozen vegetables other than potato and corn totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production of attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Exports of Frozen Vegetables other than Potato and Corn

Exports from Peru

In 2022, the amount of frozen vegetables other than potato and corn exported from Peru fell to X tons, with a decrease of X% against the previous year. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of frozen vegetables other than potato and corn declined to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of frozen vegetables other than potato and corn from Peru, accounting for a X% share of total exports. Moreover, exports of frozen vegetables other than potato and corn to the United States exceeded the volume sent to the second major destination, Spain (X tons), threefold. The third position in this ranking was taken by Japan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Japan (X% per year).

In value terms, the United States ($X) remains the key foreign market for frozen vegetables other than potato and corn exports from Peru, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Spain, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average export price for frozen vegetables other than potato and corn amounted to $X per ton, approximately mirroring the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Canada ($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 Spain (X%), while the prices for the other major destinations experienced a decline.

Imports of Frozen Vegetables other than Potato and Corn

Imports into Peru

In 2022, imports of frozen vegetables other than potato and corn into Peru reduced to X tons, waning by X% against the previous year. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, imports of frozen vegetables other than potato and corn declined modestly to $X in 2022. In general, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

Egypt (X tons), Belgium (X tons) and China (X tons) were the main suppliers of imports of frozen vegetables other than potato and corn to Peru, with a combined X% share of total imports.

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

In value terms, the largest frozen vegetables other than potato and corn suppliers to Peru were Egypt ($X), Belgium ($X) and China ($X), with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for frozen vegetables other than potato and corn amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a noticeable slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 the United States ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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