Dried shelled pigeon peas market in Peru

Earlier Report Observations

The market for dried shelled pigeon peas in Peru experienced a period of extraordinary expansion from 2018 to 2023, with its value surging from 813 thousand $ US to 12 398 thousand $ US. This growth was overwhelmingly driven by a single, massive leap in 2021, when the market size nearly quadrupled to 11 393 thousand $ US. This transformative year established a new, significantly higher baseline for the sector.

Following the explosive growth in 2021, the market entered a phase of consolidation and steady expansion. The market value continued to increase, reaching 11 703 thousand $ US in 2022 and 12 398 thousand $ US in 2023, indicating sustained demand. This later period was characterized by more moderate, stable growth compared to the earlier volatility.

The sustained market growth was underpinned by a parallel and robust increase in domestic production, which rose from 2 701 thousand $ US in 2018 to 14 534 thousand $ US in 2023. While trade flows fluctuated annually, the overall supply dynamics consistently supported the enlargement of the total available market within the country.

Production dried shelled pigeon peas in Peru

In kind, 2017-2020, t

From 2017 to 2020, Peru ranked 12th globally in the production of dried shelled pigeon peas.

Top producers of dried shelled pigeon peas, 2017-2020

World map of production of dried shelled pigeon peas, 2017-2020

Peru's production of dried shelled pigeon peas grew for the second year in a row. In 2020, the country produced 4 385 tonnes, marking a 48.0% increase compared to 2019. Over the 2017-2020 period, production rose by 39.9%, averaging an annual growth rate of 11.9%. The lowest output was recorded in 2018 at 2 653 tonnes, which also saw the largest decline of 15.3%.

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

In value, 2017-2020, K $ US

The value of dried shelled pigeon peas production in Peru increased for the second consecutive year. In 2020, output was valued at 4 412 thousand US dollars, a sharp rise of 49.8% from 2019. Between 2017 and 2020, production value grew by 8.7%, with an average annual rate of 2.8%. The minimum value occurred in 2018 at 2 701 thousand US dollars, which experienced the largest drop of 33.4%.

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

Exports dried shelled pigeon peas from Peru

Exports in kind, t

Peru's exports of dried shelled pigeon peas in volume terms increased for the third consecutive year. In 2020, exports reached 2 304 tonnes, remaining nearly unchanged from 2019. From 2017 to 2020, exports grew by 43.1%, with a compound annual growth rate of 12.7%.

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

Between 2017 and 2020, three key markets—Cabo Verde, the Dominican Republic, and the United States—collectively accounted for 58.4% of Peru's total exports of dried shelled pigeon peas in volume terms.

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

Peru's exports of dried shelled pigeon peas in value terms rose for the third year in a row. In 2020, exports totaled 2 318 thousand US dollars, up 1.5% year-over-year. From 2017 to 2020, export value increased by 11.1%, averaging an annual growth rate of 3.6%.

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

From 2017 to 2020, Cabo Verde (20.0% of export value), the Dominican Republic (19.8%), and the United States (17.4%) formed the core markets for Peru's dried shelled pigeon peas exports, together representing 57.2% of total export value.

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

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

Imports dried shelled pigeon peas to Peru

Imports in kind, t

The import market for dried shelled pigeon peas in Peru showed volatility during the observed period. Imports reached their lowest point in 2018 at 999 tonnes and peaked in 2019 at 3 169 tonnes, a 3.2-fold difference. In 2020, imports totaled 1 387 tonnes, a steep decline of 56.2% from the previous year. The largest increase occurred in 2019, rising by 217.1%.

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

From 2017 to 2020, Peru's imports of dried shelled pigeon peas in volume terms were entirely dependent on Ecuador, which accounted for 100.0% 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

The import market for dried shelled pigeon peas in Peru exhibited an unstable trend. Imports hit their lowest point in 2018 at 315 thousand US dollars and peaked in 2019 at 1 451 thousand US dollars, a fluctuation of 4.6 times. In 2020, imports amounted to 829 thousand US dollars, a drop of 42.9% from 2019. The largest decline was recorded in 2018 at 77.8%, while the largest increase occurred in 2019, surging by 360.4%.

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

Between 2017 and 2020, Ecuador dominated Peru's imports of dried shelled pigeon peas in value terms, holding a 100.0% share of total imports.

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

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