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Peru - Sweet Potato - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSweet Potato Price in Peru - 2021
Contents:
- Sweet Potato Price in Peru (FOB) - 2021
- Sweet Potato Price in Peru (CIF) - 2022
- Sweet Potato Exports in Peru
- Sweet Potato Imports in Peru
Sweet Potato Price in Peru (FOB) - 2021
In April 2020, the average sweet potato export price amounted to $429 per ton, shrinking by -41.7% against the previous month. Over the period under review, the export price, however, enjoyed significant growth. The most prominent rate of growth was recorded in March 2020 when the average export price increased by 147% m-o-m. As a result, the export price reached the peak level of $736 per ton, and then declined significantly in the following month.
There were significant differences in the average prices for the major overseas markets. In April 2020, the country with the highest price was the United States ($1,787 per ton), while the average price for exports to Chile ($105 per ton) was amongst the lowest.
From January 2020 to April 2020, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.
Sweet Potato Price in Peru (CIF) - 2022
In 2022, the average sweet potato import price amounted to $1,763 per ton, approximately mirroring the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sweet potato import price decreased by -33.4% against 2016 indices. The growth pace was the most rapid in 2016 when the average import price increased by 46%. As a result, import price attained the peak level of $2,647 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($13,500 per ton), while the price for China totaled $1,703 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.9%).
Sweet Potato Exports in Peru
In 2022, overseas shipments of sweet potatoes decreased by -2.8% to 8.5K tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2020 when exports increased by 115%. As a result, the exports reached the peak of 11K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, sweet potato exports surged to $6.1M in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 121%. As a result, the exports attained the peak of $7.3M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Sweet Potato in Peru (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 363 | 1,766 | 1,286 | 1,565 | 62.8% |
United States | 488 | 1,010 | 556 | 1,565 | 47.5% |
Chile | 422 | 655 | 579 | 564 | 10.2% |
Ecuador | 153 | 430 | 206 | 201 | 9.5% |
Others | 1,892 | 3,487 | 2,272 | 2,227 | 5.6% |
Total | 3,318 | 7,347 | 4,898 | 6,123 | 22.7% |
Top Export Markets for Sweet Potato from Peru in 2022:
- Chile (4.7K tons)
- Netherlands (1.5K tons)
- Ecuador (1.3K tons)
- United States (0.3K tons)
Sweet Potato Imports in Peru
After three years of growth, overseas purchases of sweet potatoes decreased by -22.8% to 392 kg in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 504% against the previous year.
In value terms, sweet potato imports reduced sharply to $691 in 2022. In general, imports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 430% against the previous year.
Import of Sweet Potato in Peru (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 87.0 | 470 | 869 | 664 | 96.9% |
Others | 6.0 | 23.0 | 21.0 | 27.0 | 65.1% |
Total | 93.0 | 493 | 890 | 691 | 95.1% |
Top Suppliers of Sweet Potato to Peru in 2022:
- China (390.0 kg)
This report provides an in-depth analysis of the sweet potato market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 122 - Sweet potatoes
Country coverage:
- Peru
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Peru
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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