Peru: Fruit Flour Market 2024

Fruit Flour Market Size in Peru

The Peruvian fruit flour market fell sharply to $X in 2022, dropping by -26.9% against the previous year. Over the period under review, consumption saw a deep contraction. Fruit flour consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Fruit Flour Production in Peru

In value terms, fruit flour production rose to $X in 2022 estimated in export price. In general, production saw a slight increase. The growth pace was the most rapid in 2015 with an increase of 29%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Fruit Flour Exports

Exports from Peru

Fruit flour exports from Peru amounted to X tons in 2022, remaining stable against the previous year's figure. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 65%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, fruit flour exports expanded slightly to $X in 2022. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 72% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for fruit flour exports from Peru, accounting for a 44% share of total exports. Moreover, fruit flour exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was taken by the UK (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+33.8% per year) and the UK (+7.0% per year).

In value terms, the United States ($X) remains the key foreign market for fruit flour exports from Peru, comprising 44% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total exports. It was followed by the UK, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+35.1% per year) and the UK (+7.7% per year).

Export Prices by Country

The average fruit flour export price stood at $X per ton in 2022, increasing by 3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 24% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 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 Canada ($X per ton), while the average price for exports to Chile ($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 Chile (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Fruit Flour Imports

Imports into Peru

In 2022, overseas purchases of fruit flour decreased by -6.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 221%. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, fruit flour imports declined sharply to $X in 2022. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2020 when imports increased by 266% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell markedly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest fruit flour supplier to Peru, with a 71% share of total imports. Moreover, fruit flour imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +44.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.2% per year) and China (+58.9% per year).

In value terms, the United States ($X) constituted the largest supplier of fruit flour to Peru, comprising 74% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +39.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.9% per year) and China (+75.0% per year).

Import Prices by Country

The average fruit flour import price stood at $X per ton in 2022, falling by -15.5% against the previous year. Over the period under review, the import price, however, continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 73%. The import price peaked at $X per ton in 2021, and then fell significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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