Peru: Vegetable Market 2024

Vegetable Market Size in Peru

The Peruvian vegetable market shrank to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Vegetable Production in Peru

In value terms, vegetable production shrank notably to $X in 2022 estimated in export price. In general, production, however, posted tangible growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Vegetable production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

In 2022, the average yield of vegetables in Peru reduced to X tons per ha, approximately reflecting the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The vegetable yield peaked at X tons per ha in 2021, and then dropped modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the vegetable harvested area in Peru reduced slightly to X ha, remaining relatively unchanged against the previous year. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the harvested area increased by X%. The vegetable harvested area peaked at X ha in 2021, and then fell in the following year.

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Vegetable Exports

Exports from Peru

In 2022, overseas shipments of vegetables decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, total exports indicated a notable increase from 2012 to 2022: its volume 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, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, vegetable exports reduced to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Spain (X% per year).

In value terms, the United States ($X) remains the key foreign market for vegetables exports from Peru, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with an X% share of total exports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average vegetable export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Colombia ($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 Bolivia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Imports

Imports into Peru

Vegetable imports into Peru shrank notably to X tons in 2022, declining by X% on 2021. Overall, imports faced a sharp setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, vegetable imports contracted sharply to $X in 2022. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Egypt (X tons) and the United States (X tons) were the main suppliers of vegetable imports to Peru.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%).

In value terms, Egypt ($X) constituted the largest supplier of vegetables to Peru, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Egypt amounted to X%.

Import Prices by Country

The average vegetable import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price enjoyed strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for the United States stood at $X per ton.

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

Source: IndexBox Platform