Peru: Market for Yoghurt and Fermented Milk 2024

Market Size for Yoghurt and Fermented Milk in Peru

The Peruvian yoghurt and fermented milk market surged to $X in 2022, jumping by X% against the previous year. In general, consumption posted resilient growth. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Production of Yoghurt and Fermented Milk in Peru

In value terms, yoghurt and fermented milk production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Yoghurt and Fermented Milk

Exports from Peru

In 2022, overseas shipments of yoghurt and fermented milk decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, yoghurt and fermented milk exports dropped to $X in 2022. Overall, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons) was the main destination for yoghurt and fermented milk exports from Peru, accounting for a X% share of total exports. Moreover, yoghurt and fermented milk exports to Chile exceeded the volume sent to the second major destination, Aruba (X tons), fivefold. The third position in this ranking was taken by Ireland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (X% per year) and Ireland (X% per year).

In value terms, Chile ($X) remains the key foreign market for yoghurt and fermented milk exports from Peru, comprising X% of total exports. The second position in the ranking was held by Ireland ($X), with an X% share of total exports. It was followed by Aruba, with a X% share.

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

Export Prices by Country

The average yoghurt and fermented milk export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Haiti ($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 Aruba (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Yoghurt and Fermented Milk

Imports into Peru

In 2022, imports of yoghurt and fermented milk into Peru expanded notably to X tons, surging by X% on the year before. In general, imports, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, yoghurt and fermented milk imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Ireland (X tons) constituted the largest yoghurt and fermented milk supplier to Peru, with a X% share of total imports. Moreover, yoghurt and fermented milk imports from Ireland exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), threefold. Finland (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 Ireland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Finland (X% per year).

In value terms, Ireland ($X) constituted the largest supplier of yoghurt and fermented milk to Peru, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Ireland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Finland (X% per year).

Import Prices by Country

The average yoghurt and fermented milk import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import price indicated tangible 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. Based on 2022 figures, yoghurt and fermented milk import price increased by X% against 2016 indices. 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 countries with the highest prices were Ireland ($X per ton) and New Zealand ($X per ton), while the price for Finland ($X per ton) and the United States ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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