Coconuts market in Peru

Earlier Report Observations

The coconut market in Peru showed steady growth from 2018 to 2023, with market volume increasing from 32 907 t to 40 898 t. This expansion was supported by the coconut palm's cultural and economic significance on the coast, where innovations in coconut-based products opened new opportunities in derivative markets. The introduction of coconut flavors in spirits like tequila and rum from 2018 onward created additional industrial demand for coconuts as a raw material.

Growth accelerated in 2021 and 2022, partly aided by legal reforms that simplified tax procedures and provided greater clarity for businesses, likely improving operational conditions for producers. The market's pace moderated in 2023, though it continued to expand as coconut utilization widened across food and beverage segments.

Entering 2024, climatic factors such as droughts posed a potential constraint on global coconut supply, which could affect local production. At the same time, rising consumer preference for vegan options, including coconut-based ice cream, sustained demand, while ongoing product innovation in sectors like liquor kept coconuts relevant in the market.

Production coconuts in Peru

In kind, 2017-2020, t

Top producers of coconuts, 2017-2020

World map of production of coconuts, 2017-2020

Coconut production in Peru has increased for the third consecutive year. In 2020, the country produced 36 419 tonnes of coconuts, representing a 5.4% increase compared to the previous year. Over the period from 2017 to 2020, production grew by 11.6%, with an average annual growth rate of 3.7%.

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

Exports coconuts from Peru

Exports in kind, t

Peru exported 1 137 tonnes of coconuts in 2020, marking a significant improvement of 50.6% compared to 2019. Between 2017 and 2020, exports increased by 54.4%, which translates to an annualized growth rate of 15.6%. The largest decline occurred in 2019, with a drop of 24.5%.

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

From 2017 to 2020, Chile accounted for 70.8% of Peru's total coconut exports in volume, while the remaining exports were distributed among multiple smaller trading partners.

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

The data shows irregular changes, indicating a volatile market environment. Exports reached a high in 2018 and fell to a low in 2019, with a 3.1-fold difference between these years. In 2020, Peru exported 382 thousand US dollars worth of coconuts, which is 68.6% higher than in 2019. The minimum value was recorded in 2019 at 227 thousand US dollars, while the maximum was in 2018 at 698 thousand US dollars. The largest decline occurred in 2019, with a decrease of 67.6%.

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

Throughout 2017 to 2020, Chile, Brazil, and Ecuador formed the core of Peru's coconut exports in value terms, accounting for 44.8%, 17.0%, and 13.9% of exports, respectively. Together, these three countries represented 75.8% of total export 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 coconuts to Peru

Imports in kind, t

Foreign coconut supplies to Peru declined for the second consecutive year. In 2020, imports were recorded at 433 tonnes, constituting a decrease of 24.2% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 41.3%, with an average annual decline of 16.3%. The maximum volume was recorded in 2018 at 985 tonnes. The largest decline occurred in 2019, with a drop of 42.0%, while the largest increase was in 2018, with a rise of 33.5%.

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

From 2017 to 2020, Indonesia, the Philippines, and Malaysia were the primary suppliers of coconuts to Peru in volume terms, accounting for 39.8%, 25.3%, and 15.8% of imports, respectively. Together, these three countries represented 80.9% of total imports.

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

Imported coconut volumes to Peru declined for the second consecutive year. In 2020, imports stood at 736 thousand US dollars, which is 7.6% less than the previous year. Over the period from 2017 to 2020, imports decreased by 54.3%, with an average annual decline of 23.0%. The maximum value was recorded in 2018 at 1 894 thousand US dollars. The largest decline occurred in 2019, with a decrease of 57.9%, while the largest increase was in 2018, with a rise of 17.6%.

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

Throughout 2017 to 2020, Indonesia, the Philippines, and Malaysia remained the main sources for Peru's coconut imports in value terms, accounting for 42.2%, 26.2%, and 11.9% of imports, respectively. Together, these three countries represented 80.3% 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