Peru: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Peru

The Peruvian wheat and meslin flour market reduced slightly to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Wheat and meslin flour consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Wheat and Meslin Flour in Peru

In value terms, wheat and meslin flour production dropped to $X in 2022 estimated in export price. In general, production, however, showed a slight contraction. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Exports of Wheat and Meslin Flour

Exports from Peru

Wheat and meslin flour exports from Peru soared to X tons in 2022, increasing by X% on the year before. In general, exports, however, saw a slight decline. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, wheat and meslin flour exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for wheat and meslin flour exports from Peru, accounting for a X% share of total exports. Moreover, wheat and meslin flour exports to Ecuador exceeded the volume sent to the second major destination, Bolivia (X tons), more than tenfold.

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

In value terms, Ecuador ($X) remains the key foreign market for wheat and meslin flour exports from Peru, comprising X% of total exports. The second position in the ranking was taken by Bolivia ($X), with a X% share of total exports.

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

Export Prices by Country

The average wheat and meslin flour export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price continues to indicate a mild increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Ecuador ($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.

Imports of Wheat and Meslin Flour

Imports into Peru

In 2022, imports of wheat and meslin flour into Peru declined markedly to X tons, reducing by X% against 2021. In general, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, wheat and meslin flour imports declined significantly to $X in 2022. Overall, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of wheat and meslin flour to Peru, with a X% share of total imports. Moreover, wheat and meslin flour imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. Chile (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Chile (X% per year).

In value terms, the United States ($X) constituted the largest supplier of wheat and meslin flour to Peru, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with an X% share of total imports. It was followed by Chile, with a X% share.

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

Import Prices by Country

In 2022, the average wheat and meslin flour import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price recorded a buoyant increase. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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