Peru: Non-Wheat Flour Market 2024

Non-Wheat Flour Market Size in Peru

In 2022, after three years of growth, there was decline in the Peruvian non-wheat flour market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Non-Wheat Flour Production in Peru

In value terms, non-wheat flour production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Non-Wheat Flour Exports

Exports from Peru

For the fourth year in a row, Peru recorded growth in overseas shipments of non-wheat flours, which increased by X% to X tons in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, non-wheat flour exports stood at $X in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Ecuador (X tons) was the main destination for non-wheat flour exports from Peru, accounting for a X% share of total exports. Moreover, non-wheat flour exports to Ecuador exceeded the volume sent to the second major destination, Chile (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for non-wheat flour exported from Peru were the United States ($X), Ecuador ($X) and Chile ($X), together comprising X% of total exports.

Chile, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-wheat flour export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 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 the United States ($X per ton), while the average price for exports to Chile ($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 Ecuador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Flour Imports

Imports into Peru

In 2022, non-wheat flour imports into Peru expanded slightly to X tons, picking up by X% compared with the year before. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, non-wheat flour imports reached $X in 2022. In general, imports saw a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Colombia (X tons) constituted the largest non-wheat flour supplier to Peru, accounting for a X% share of total imports. Moreover, non-wheat flour imports from Colombia exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold. The third position in this ranking was taken by Venezuela (X tons), with a X% share.

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

In value terms, Colombia ($X) constituted the largest supplier of non-wheat flours to Peru, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by Venezuela, with a X% share.

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

Import Prices by Country

In 2022, the average non-wheat flour import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Venezuela ($X per ton), while the price for Mexico ($X per ton) and Colombia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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