Earlier Report Observations
The market for beef, sheep or goat fat in Peru grew from 18.5 thousand tons in 2018 to 19.5 thousand tons in 2023, marking a 5% increase over the five-year period. This growth was not uniform, as the market volume contracted to 17.7 thousand tons in 2020 after a peak in 2019, before entering a steady recovery phase.
Domestic production remained relatively stable, fluctuating around 18 thousand tons annually. The temporary production dip in 2020 was followed by a rebound in subsequent years. In contrast, import volumes exhibited significant movement, declining sharply in 2019 and 2020 before surging from 364 tons in 2021 to 842 tons in 2023.
This rise in imports became the primary contributor to market expansion from 2021 onward, compensating for the flat domestic output. With exports remaining minimal throughout the period, the market's growth reflects increased domestic availability largely supplied from abroad.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Peru
- 5.1.1. Annual dynamics of production in Peru in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Peru in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Peru
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Peru in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's imports in kind to Peru by countries, 2018-2024, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Peru in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Peru by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to Peru, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to Peru by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Peru in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's imports in kind to Peru by countries, 2018-2024, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Peru in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Peru by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to Peru, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to Peru by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from Peru in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's exports in kind from Peru by countries, 2018-2024, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Peru in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Peru by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's exports from Peru, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's exports from Peru by countries, 2018-2024, $ US/t
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from Peru in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's exports in kind from Peru by countries, 2018-2024, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Peru in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Peru by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's exports from Peru, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's exports from Peru by countries, 2018-2024, $ US/t
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production beef, sheep or goat fat in Peru
In kind, 2017-2020, t
Top producers of beef, sheep or goat fat, 2017-2020
World map of production of beef, sheep or goat fat, 2017-2020
Peru's production of beef, sheep, or goat fat declined after two years of growth. In 2019, production reached its peak at 18 211 tonnes, marking a 1.6% increase from the previous year. However, by 2020, output had fallen to 17 376 tonnes, a 4.6% decrease compared to 2019. Over the period from 2017 to 2020, overall production decreased by 2.7%, with a compound annual growth rate of 0.9%.
Annual dynamics of production in Peru in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 0.4% | 1.6% | (4.6%) | (0.9%) |
Exports beef, sheep or goat fat from Peru
Industry analysis indicates that Peru did not export any beef, sheep, or goat fat from 2017 to 2020.
Imports beef, sheep or goat fat to Peru
Imports in kind, t
Peru's imports of beef, sheep, or goat fat declined for the second year in a row. In 2018, imports peaked at 577.0 tonnes, reflecting a substantial 44.9% increase from the previous year. By 2020, imports had dropped to 324.4 tonnes, a sharp 25.5% contraction compared to 2019. From 2017 to 2020, total imports decreased by 18.5%, with a compound annual growth rate of 6.6%.
Annual dynamics of product's imports to Peru in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 44.9% | (24.5%) | (25.5%) | (6.6%) |
From 2017 to 2020, Uruguay was the primary source for Peru's imports of beef, sheep, or goat fat, consistently accounting for 91.2% of total imports in volume.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Peru in kind, 2017-2020
Imports in value, K $ US
Peru's imports of beef, sheep, or goat fat in monetary terms declined for the second consecutive year. In 2018, imports reached their highest value at 591.9 thousand US dollars, a 47.0% increase from the previous year. By 2020, imports had fallen to 392.3 thousand US dollars, a sudden 27.1% decline compared to 2019. Between 2017 and 2020, total imports decreased by 2.6%, equating to an annualized rate of 0.9%.
Annual dynamics of product's imports to Peru in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 47.0% | (9.1%) | (27.1%) | (0.9%) |
During the period from 2017 to 2020, Uruguay was the nearly exclusive supplier of beef, sheep, or goat fat to Peru, capturing 93.9% of total imports in value terms.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Peru in value, 2017-2020
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