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Peru - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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Peru: Virgin Olive Oil Market Overview 2021

Virgin Olive Oil Market Size in Peru

After four years of growth, the Peruvian virgin olive oil market decreased by -X% to $X in 2020. In general, consumption showed buoyant growth. The pace of growth appeared the most rapid in 2010 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Virgin Olive Oil Production in Peru

In value terms, virgin olive oil production declined to $X in 2020 estimated in export prices. In general, production posted a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. As a result, production attained the peak level of $X. from 2015 to 2020, production growth remained at a somewhat lower figure.

Virgin Olive Oil Exports

Exports from Peru

In 2020, overseas shipments of virgin olive oil increased by X% to X tonnes, rising for the fourth year in a row after two years of decline. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure in 2020 and are expected to retain growth in the immediate term.

In value terms, virgin olive oil exports soared to $X in 2020. Overall, exports saw a significant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Exports peaked in 2020 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X tonnes) was the main destination for virgin olive oil exports from Peru, with a X% share of total exports. Moreover, virgin olive oil exports to Spain exceeded the volume sent to the second major destination, the U.S. (X tonnes), sevenfold. Chile (X tonnes) ranked third in terms of total exports with a X% share.

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

In value terms, Spain ($X) remains the key foreign market for virgin olive oil exports from Peru, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

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

Export Prices by Country

The average virgin olive oil export price stood at $X per tonne in 2020, reducing by -X% against the previous year. In general, the export price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per tonne in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

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

Virgin Olive Oil Imports

Imports into Peru

Virgin olive oil imports into Peru soared to X tonnes in 2020, picking up by X% compared with the previous year's figure. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, virgin olive oil imports skyrocketed to $X in 2020. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to continue growth in the near future.

Imports by Country

In 2020, Spain (X tonnes) constituted the largest supplier of virgin olive oil to Peru, with a X% share of total imports. Moreover, virgin olive oil imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), threefold.

From 2007 to 2020, the average annual growth rate of volume from Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Free Zones (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Free Zones (-X% per year).

Import Prices by Country

In 2020, the average virgin olive oil import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the import price showed a slight shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for Free Zones ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for virgin olive oil in the world?
+
The country with the largest volume of virgin olive oil consumption was Spain (1.3M tonnes), comprising approx. 33% of total volume. Moreover, virgin olive oil consumption in Spain exceeded the figures recorded by the second-largest consumer, Italy (498K tonnes), threefold. The third position in this ranking was occupied by the U.S. (313K tonnes), with a 7.8% share.
What are the largest producers of virgin olive oil in the world?
+
Spain (1.9M tonnes) remains the largest virgin olive oil producing country worldwide, comprising approx. 49% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Tunisia (466K tonnes), fourfold. The third position in this ranking was occupied by Greece (329K tonnes), with a 8.3% share.
What are the leading suppliers of virgin olive oil to Peru?
+
In value terms, Spain ($2.6M) constituted the largest supplier of virgin olive oil to Peru, comprising 68% of total imports. The second position in the ranking was occupied by Italy ($953K), with a 25% share of total imports.
What are the leading importers of virgin olive oil from Peru?
+
In value terms, Spain ($5M) remains the key foreign market for virgin olive oil exports from Peru, comprising 71% of total exports. The second position in the ranking was occupied by the U.S. ($1.3M), with a 19% share of total exports. It was followed by Ecuador, with a 6% share.
What is the average export price for virgin olive oil in Peru?
+
In 2020, the average virgin olive oil export price amounted to $2,146 per tonne, declining by -19.6% against the previous year.
What is the average import price for virgin olive oil in Peru?
+
The average virgin olive oil import price stood at $4,429 per tonne in 2020, which is down by -17.2% against the previous year.

Product coverage:
• FCL 261 - Oil of Olives, Virgin

This report provides an in-depth analysis of the virgin olive oil market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Peru

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Peru
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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