Peru: Candied Fruit Market Overview 2021

Candied Fruit Market Size in Peru

In 2019, the Peruvian candied fruit market decreased by -X% to $X, falling for the fifth year in a row after three years of growth. Overall, consumption continues to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Candied fruit consumption peaked at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Candied Fruit Production in Peru

In value terms, candied fruit production dropped modestly to $X in 2019 estimated in export prices. Over the period under review, the total production indicated modest growth from 2007 to 2019: its value 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, production decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% y-o-y. Candied fruit production peaked at $X in 2014; however, from 2015 to 2019, production remained at a lower figure.

The average yield of candied fruits in Peru stood at X kg per ha in 2019, stabilizing at 2018 figures. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of candied fruits were harvested in Peru; flattening at the previous year's figure. In general, the harvested area continues to indicate a relatively flat trend pattern.

Candied Fruit Exports

Exports from Peru

For the third consecutive year, Peru recorded growth in overseas shipments of candied fruits, which increased by X% to X tonnes in 2019. Over the period under review, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% y-o-y. Exports peaked in 2019 and are expected to retain growth in years to come.

In value terms, candied fruit exports rose rapidly to $X in 2019. Overall, exports showed a remarkable increase. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Exports peaked in 2019 and are likely to continue growth in the immediate term.

Exports by Country

Bolivia (X tonnes), the U.S. (X tonnes) and Ecuador (X tonnes) were the main destinations of candied fruit exports from Peru, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in Ecuador (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for candied fruit exported from Peru were Bolivia ($X), the U.S. ($X) and Ecuador ($X), together comprising X% of total exports.

Among the main countries of destination, Ecuador recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average candied fruit export price stood at $X per tonne in 2019, dropping by -X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2019, the highest prices were recorded for prices to the U.S. ($X per tonne) and Colombia ($X per tonne), while the average price for exports to Bolivia ($X per tonne) and Ecuador ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Colombia, while the prices for the other major destinations experienced a decline.

Candied Fruit Imports

Imports into Peru

In 2019, the amount of candied fruits imported into Peru skyrocketed to X tonnes, rising by X% compared with 2018. In general, imports, however, saw a deep contraction. Over the period under review, imports reached the maximum at X tonnes in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

In value terms, candied fruit imports declined to $X in 2019. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Chile (X tonnes) constituted the largest supplier of candied fruit to Peru, accounting for a X% share of total imports. Moreover, candied fruit imports from Chile exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), fourfold.

From 2007 to 2019, the average annual growth rate of volume from Chile totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Indonesia (+X% per year).

In value terms, Chile ($X) constituted the largest supplier of candied fruit to Peru, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of value from Chile amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Indonesia (-X% per year).

Import Prices by Country

The average candied fruit import price stood at $X per tonne in 2019, waning by -X% against the previous year. Over the period under review, the import price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne, and then declined significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Italy ($X per tonne), while the price for Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Chile, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for candied fruits in the world?

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China (83K tonnes) remains the largest candied fruit consuming country worldwide, comprising approx. 45% of total volume. Moreover, candied fruit consumption in China exceeded the figures recorded by the second-largest consumer, Japan (7.6K tonnes), more than tenfold. The third position in this ranking was occupied by Malaysia (5.7K tonnes), with a 3.1% share.

What are the largest producers of candied fruits in the world?

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China (192K tonnes) remains the largest candied fruit producing country worldwide, accounting for 61% of total volume. Moreover, candied fruit production in China exceeded the figures recorded by the second-largest producer, Thailand (63K tonnes), threefold.

What are the leading suppliers of candied fruits to Peru?

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In value terms, Chile ($39K) constituted the largest supplier of candied fruit to Peru, comprising 72% of total imports. The second position in the ranking was occupied by Italy ($12K), with a 22% share of total imports.

What are the leading importers of candied fruits from Peru?

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In value terms, Bolivia ($254K), the U.S. ($215K) and Ecuador ($62K) constituted the largest markets for candied fruit exported from Peru worldwide, with a combined 95% share of total exports.

What is the average export price for candied fruits in Peru?

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In 2019, the average candied fruit export price amounted to $1,621 per tonne, waning by -3.1% against the previous year.

What is the average import price for candied fruits in Peru?

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In 2019, the average candied fruit import price amounted to $2,883 per tonne, with a decrease of -70.8% against the previous year.