Bread market in Peru

Earlier Report Observations

From 2018 to 2020, the Peruvian bread market experienced fluctuating volumes. Industry growth in 2018 was supported by investment in machinery, development of new products, and a shift in consumer perception viewing bread as a nutritious item. The market contracted in 2019. In 2020, despite temporary flour supply disruptions during the COVID-19 pandemic, bread consumption rose substantially as people bought more bread during lockdowns, with reported increases of up to 30% in certain months compared to 2019.

After a dip in 2021, the market expanded sharply in 2022, reaching 766 thousand tons. This surge was propelled by new legislation mandating the use of Andean grains like quinoa in bakery products, which stimulated production and innovation. Concurrently, consumer preferences shifted decisively toward healthier bread varieties such as whole grain, artisan, and multigrain options, boosting demand. Global wheat shortages due to the Russia-Ukraine war further influenced the market environment, contributing to higher input costs.

In 2023, market volume stabilized around 746 thousand tons while value continued to climb, supported by broader economic growth and price controls within the sector. The ongoing progressive implementation of the Andean grains law and sustained consumer interest in healthier, diverse bread products continue to shape the market's trajectory.

Production bread in Peru

In kind, 2017-2020, K t

Peru ranked 7th globally in bread production from 2017 to 2020.

Top producers of bread, 2017-2020

World map of production of bread, 2017-2020

Following a two-year decline, Peru's bread production rebounded. In 2020, the country produced 689.9 K t of bread, marking a 16.6% increase compared to the previous year. Over the period from 2017 to 2020, production grew by 11.1%, which translates to an annualized growth rate of 3.6%. The lowest production level was recorded in 2019 at 591.6 K t, with the largest decline of 3.1% also occurring that year.

Annual dynamics of production in Peru in kind, 2017-2020, K t

In value, 2017-2020, M $ US

After two years of contraction, bread production in Peru saw an upturn. In 2020, the output was valued at 1 308 M $ US, representing a 20.5% rise from 2019. From 2017 to 2020, production increased by 3.4%, equivalent to an annualized rate of 1.1%. The minimum value was recorded in 2019 at 1 085 M $ US, while the largest decline of 11.2% took place in 2018.

Annual dynamics of production in Peru in value, 2017-2020, M $ US

Exports bread from Peru

Exports in kind, t

After two years of growth, Peru's bread export volume experienced a decline. In 2020, exports reached 21 041 t, which is 7.3% lower than the previous year. Over the 2017-2020 period, exports increased by 12.2%, with a compound annual growth rate (CAGR) of 3.9%. The peak was recorded in 2019 at 22 710 t, and the largest increase of 19.2% occurred in 2018.

Annual dynamics of product's exports from Peru in kind, 2017-2020, t

From 2017 to 2020, Peru's bread export portfolio in kind was quite diverse. Colombia accounted for 25.0% of exports in kind, Chile for 11.1%, and Nicaragua for 10.7%, with these three countries together representing only 46.9% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Peru in kind, 2017-2020

Exports in value, K $ US

Following two years of growth, Peru's foreign bread supplies declined. In 2020, exports totaled 39 895 K $ US, showing a modest decrease of 4.2% compared to the previous year. Between 2017 and 2020, exports increased by 4.5%, equating to an annualized rate of 1.5%. The maximum value was recorded in 2019 at 41 662 K $ US, and the largest increase of 7.6% occurred in 2018.

Annual dynamics of product's exports from Peru in value, 2017-2020, K $ US

From 2017 to 2020, Peru supplied bread to a broad range of markets. Colombia held 21.1% of exports in value terms, Chile 11.1%, and the Dominican Republic 10.9%, with these three countries together accounting for only 43.1% of total export value. The remaining 56.9% was distributed among numerous smaller destinations.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Peru in value, 2017-2020

Imports bread to Peru

Imports in kind, t

Peru imported 9 768 t of bread in 2020, up by 20.4% from the previous year. Between 2017 and 2020, imports grew by 28.6%, equivalent to an annualized rate of 8.7%. The largest decline of 3.5% was recorded in 2019.

Annual dynamics of product's imports to Peru in kind, 2017-2020, t

From 2017 to 2020, the main sources for Peru's bread imports in kind were Ecuador with 37.7%, Colombia with 17.6%, and the United States with 10.6%, forming a cluster that accounted for 65.9% of total import flows.

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 imported approximately 20 811 K $ US of bread in 2020, marking a moderate increase of 9.5% from 2019. Over the 2017-2020 period, imports increased by 18.4%, with a compound annual growth rate (CAGR) of 5.8%. The largest decline of 0.3% was recorded in 2019.

Annual dynamics of product's imports to Peru in value, 2017-2020, K $ US

Throughout 2017 to 2020, Ecuador played a leading role in Peru's bread imports in value terms with 28.0%, followed by Brazil at 16.6% and Colombia at 14.9%. Together, these three countries accounted for 59.5% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Peru in value, 2017-2020