Peru: Candied Fruit Market Overview 2021

Candied Fruit Market Size in Peru

In 2020, the Peruvian candied fruit market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Candied fruit consumption peaked at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Candied Fruit Production in Peru

In value terms, candied fruit production rose notably to $X in 2020 estimated in export prices. In general, the total production indicated a notable expansion from 2007 to 2020: its value increased 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 with an increase of X% y-o-y. Candied fruit production peaked at $X in 2014; however, from 2015 to 2020, production remained at a lower figure.

The average yield of candied fruits in Peru stood at X kg per ha in 2020, therefore, remained relatively stable against the year before. 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.

The candied fruit harvested area in Peru totaled X ha in 2020, almost unchanged from the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Candied Fruit Exports

Exports from Peru

In 2020, overseas shipments of candied fruits decreased by -X% to X tonnes for the first time since 2016, thus ending a three-year rising trend. Overall, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2019, and then fell remarkably in the following year.

In value terms, candied fruit exports contracted notably to $X in 2020. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at $X in 2019, and then dropped notably in the following year.

Exports by Country

The U.S. (X tonnes), Bolivia (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 2020, the biggest increases were in Ecuador, while shipments for the other leaders experienced mixed trend patterns.

In value terms, the U.S. ($X) emerged as the key foreign market for candied fruit exports from Peru, comprising X% of total exports. The second position in the ranking was occupied by Bolivia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-X% per year) and Ecuador (+X% per year).

Export Prices by Country

The average candied fruit export price stood at $X per tonne in 2020, picking up by X% against the previous year. Over the period under review, export price indicated a slight increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. 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 the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Bolivia ($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 the U.S., while the prices for the other major destinations experienced a decline.

Candied Fruit Imports

Imports into Peru

In 2020, overseas purchases of candied fruits were finally on the rise to reach X tonnes after four years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, candied fruit imports surged to $X in 2020. In general, imports recorded a strong expansion. Imports peaked at $X in 2015; however, from 2016 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X tonnes) constituted the largest supplier of candied fruit to Peru, with a X% share of total imports. Moreover, candied fruit imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tonnes), twofold. The third position in this ranking was occupied by Indonesia (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Indonesia (+X% per year).

In value terms, China ($X), Thailand ($X) and Italy ($X) constituted the largest candied fruit suppliers to Peru, with a combined X% share of total imports.

Thailand (+X% per year) recorded the highest growth rate of 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 2020, the average candied fruit import price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the import price showed a buoyant increase. The growth pace was the most rapid in 2010 an increase of X% y-o-y. The import price peaked at $X per tonne in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; 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 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform