Bread, pastry, cakes, biscuits and bakers’ wares market in Peru

Earlier Report Observations

The Peruvian bakery and pastry market experienced fluctuations in volume between 2018 and 2023, starting at 667.2 thousand tonnes. After a dip to 637.8 thousand tonnes in 2019, consumption surged to 754.7 thousand tonnes in 2020, a shift largely attributed to altered consumer habits during the COVID-19 pandemic, which boosted demand for at-home consumption of baked goods.

Market volume receded to 677.8 thousand tonnes in 2021, a period where consumer focus remained on sensory attributes like appearance and aroma. A strong recovery followed in 2022, with volume climbing to 846.1 thousand tonnes, driven by heightened demand for products offering health benefits for digestion and mental well-being, alongside a premium placed on freshness. By 2023, volume slightly softened to 814.7 thousand tonnes, yet the market's value rose to 1 797 million US dollars, supported by the introduction of vitamin-fortified bread lines and the growing 'Fresco a la carta' trend of frozen bake-at-home products, reflecting consumer willingness to pay for quality and convenience.

Factors shaping the market into 2024 include a proposed legislative initiative to mandate the inclusion of Andean grains in bread, alongside clear trends toward vegan and gluten-free options, single-serve portions, and a consumer emphasis on sustainability and local sourcing, all supported by an expanding network of specialized bakeries.

Production bread, pastry, cakes, biscuits and bakers’ wares in Peru

In kind, 2017-2020, K t

From 2017 to 2020, Peru ranked as the world's sixth-largest producer of bread, pastry, cakes, biscuits, and bakers' wares by volume.

Top producers of bread, pastry, cakes, biscuits and bakers’ wares, 2017-2020

World map of production of bread, pastry, cakes, biscuits and bakers’ wares, 2017-2020

Peru's production of bread, pastry, cakes, biscuits, and bakers' wares rebounded after a two-year decline. In 2020, output reached 796.5 thousand tonnes, marking a significant 16.6% increase from the previous year. Over the 2017-2020 period, production grew by 11.4%, with an average annual growth rate of 3.7%. The lowest production volume was recorded in 2019 at 682.9 thousand tonnes, which saw a 3.0% decrease.

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

In value, 2017-2020, M $ US

Following a two-year downturn, the production value of bread, pastry, cakes, biscuits, and bakers' wares in Peru rose. In 2020, the output was valued at 1 419 million US dollars, up 14.9% from 2019. The lowest value occurred in 2019 at 1 235 million US dollars, while the largest decline was in 2018 with a 10.4% drop.

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

Exports bread, pastry, cakes, biscuits and bakers’ wares from Peru

Exports in kind, t

After two years of growth, Peru's exports of bread, pastry, cakes, biscuits, and bakers' wares declined. In 2020, exports totaled 58 165 tonnes, a slight 2.3% decrease from the previous year. From 2017 to 2020, exports increased by 29.1%, with an average annual growth rate of 8.9%. The peak was in 2019 at 59 539 tonnes, and the largest increase was in 2018 at 15.8%.

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

From 2017 to 2020, Colombia, Ecuador, and Chile were the primary destinations for Peru's exports in kind, accounting for 25.3%, 15.5%, and 10.2% of the total, respectively. Together, they represented 51.0% of all 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, M $ US

Peru's export value of bread, pastry, cakes, biscuits, and bakers' wares fell after two years of growth. In 2020, exports were valued at 103.6 million US dollars, a moderate 3.8% decline from the previous year. Over the 2017-2020 period, exports rose by 16%, with an average annual growth rate of 5.1%. The highest value was recorded in 2019 at 107.7 million US dollars, which saw a 14.5% increase.

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

From 2017 to 2020, Peru's export partners for bread, pastry, cakes, biscuits, and bakers' wares in value terms were diverse. Colombia, Ecuador, and Chile accounted for 23.2%, 15.2%, and 10.2% of exports, respectively, totaling 48.6% of the overall flows.

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, pastry, cakes, biscuits and bakers’ wares to Peru

Imports in kind, t

Peru imported bread, pastry, cakes, biscuits, and bakers' wares totaling 14.3% more in 2020 compared to 2019. Between 2017 and 2020, imports grew by 22.5%, equivalent to an annualized rate of 7.0%. The largest decline occurred in 2019 with a 5.3% decrease.

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

From 2017 to 2020, Ecuador, Bolivia, and Colombia were the leading sources of imports in kind for Peru, contributing 24.2%, 20.3%, and 17.9% of the total, respectively. Together, they made up 62.4% of all 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, M $ US

In 2020, Peru's imports of bread, pastry, cakes, biscuits, and bakers' wares were valued at 35.7 million US dollars, a 6.6% year-over-year increase. Over the 2017-2020 period, imports rose by 15.7%, with an average annual growth rate of 5.0%. The largest decline was in 2019 at 1.6%, while the largest increase was in 2018 at 10.3%.

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

From 2017 to 2020, Ecuador, Colombia, and Bolivia remained the top suppliers of bread, pastry, cakes, biscuits, and bakers' wares to Peru in value terms, accounting for 18.4%, 16.6%, and 15.4% of imports, respectively. Collectively, they represented 50.3% of total import value.

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

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