Peru: Canned Vegetable Market 2024

Canned Vegetable Market Size in Peru

In 2022, the Peruvian canned vegetable market increased by 4.2% to $X, rising for the second year in a row after two years of decline. In general, consumption enjoyed a remarkable increase. Canned vegetable consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Canned Vegetable Production in Peru

In value terms, canned vegetable production reached $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 4.9% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Canned Vegetable Exports

Exports from Peru

In 2022, shipments abroad of canned vegetables decreased by -1.5% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 11% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, canned vegetable exports fell to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 7%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for canned vegetable exports from Peru, with a 44% share of total exports. Moreover, canned vegetable exports to the United States exceeded the volume sent to the second major destination, Spain (X tons), twofold. Brazil (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-1.5% per year) and Brazil (+5.8% per year).

In value terms, the United States ($X), Spain ($X) and Brazil ($X) were the largest markets for canned vegetable exported from Peru worldwide, together accounting for 76% of total exports. France, Germany, the Dominican Republic, Chile and Canada lagged somewhat behind, together comprising a further 14%.

Among the main countries of destination, the Dominican Republic, with a CAGR of +57.9%, saw the highest growth rate of the value of exports, 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 canned vegetable export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 5.1% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the 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 France ($X per ton), while the average price for exports to Brazil ($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 Germany (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into Peru

In 2022, the amount of canned vegetables imported into Peru contracted markedly to X tons, reducing by -56.3% against 2021. Overall, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2019 when imports increased by 207%. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined sharply in the following year.

In value terms, canned vegetable imports dropped rapidly to $X in 2022. In general, imports, however, saw a tangible expansion. The pace of growth appeared the most rapid in 2019 with an increase of 142%. Over the period under review, imports attained the peak figure at $X in 2021, and then declined significantly in the following year.

Imports by Country

China (X tons), Spain (X tons) and Thailand (X tons) were the main suppliers of canned vegetable imports to Peru, with a combined 55% share of total imports. The United States, Italy, Turkey and Argentina lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +106.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of canned vegetables to Peru, comprising 30% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Spain, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +35.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.8% per year) and Spain (+27.6% per year).

Import Prices by Country

In 2022, the average canned vegetable import price amounted to $X per ton, declining by -7.4% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 40% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($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 (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :