Peru: Soybean Oilcake Market 2024

Soybean Oilcake Market Size in Peru

The Peruvian soybean oilcake market stood at $X in 2022, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. Soybean oilcake consumption peaked in 2022 and is expected to retain growth in the immediate term.

Soybean Oilcake Exports

Exports from Peru

In 2022, soybean oilcake exports from Peru contracted markedly to X kg, with a decrease of X% compared with the year before. In general, exports faced a sharp downturn. The smallest decline of X% was in 2020. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, soybean oilcake exports dropped dramatically to $X in 2022. Overall, exports faced a precipitous decline. The smallest decline of X% was in 2016. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X kg) was the main destination for soybean oilcake exports from Peru, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Chile amounted to X%.

In value terms, Chile ($X) also remains the key foreign market for soybean oilcake exports from Peru.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile totaled X%.

Export Prices by Country

In 2022, the average soybean oilcake export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to X% per year.

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Soybean Oilcake Imports

Imports into Peru

In 2022, after six years of growth, there was significant decline in purchases abroad of soybean oilcake, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, soybean oilcake imports reached $X in 2022. In general, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Bolivia (X tons) constituted the largest soybean oilcake supplier to Peru, with a X% share of total imports. Moreover, soybean oilcake imports from Bolivia exceeded the figures recorded by the second-largest supplier, Argentina (X tons), eightfold. The third position in this ranking was held by Paraguay (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Bolivia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Paraguay (X% per year).

In value terms, Bolivia ($X) constituted the largest supplier of soybean oilcake to Peru, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with an X% share of total imports. It was followed by Paraguay, with a X% share.

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

Import Prices by Country

In 2022, the average soybean oilcake import price amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 ($X per ton) and Argentina ($X per ton), while the price for Bolivia ($X per ton) and Paraguay ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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