Market research

Forage products market in Peru

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The Peruvian forage products market volume showed fluctuations between 2018 and 2023, starting at 16 459 t and declining to 15 535 t by the end of the period. A partial recovery to 16 393 t occurred in 2022 after a low of 15 652 t in 2021. In value terms, the market reached 4.4 million USD in 2020 despite lower physical volume, indicating changes in product prices or composition.

In 2024, the Harmonized System's Explanatory Notes were updated with Amendment VII, introducing new definitions and classifications for forage products including pellets, which affects labeling and regulatory requirements in Peru. Total trade for these products reached 8.75 million USD that year, with significant exports to markets like the United States and the Netherlands.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Peru
  1. 5.1.1. Annual dynamics of production in Peru in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Peru in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Peru in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Peru by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Peru in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Peru by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Peru, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Peru by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Peru in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Peru by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Peru in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Peru by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Peru, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Peru by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Peru in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Peru by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Peru in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Peru by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Peru, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Peru by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Peru in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Peru by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Peru in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Peru by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Peru, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Peru by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production forage products in Peru

In kind, 2017-2020, t

Peru ranked 15th globally in forage products production from 2017 to 2020.

Top producers of forage products, 2017-2020

Source: SHEV.io

World map of production of forage products, 2017-2020

Source: SHEV.io

Forage products production in Peru declined for the second consecutive year. In 2020, Peru produced 15 830 tonnes of forage products, marking a 3.6% year-over-year drop. Between 2017 and 2020, production increased by 14.9%, which translates to an annualized growth rate of 4.7%. The highest production level was recorded in 2018 at 16 687 tonnes, with the largest annual increase of 21.1% also occurring that year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	21.1%	(1.6%)	(3.6%)	4.7%

Source: SHEV.io

Exports forage products from Peru

Exports in kind, t

The market showed noticeable fluctuations during this period. Export volumes varied threefold, with the lowest point in 2017 and the peak in 2019. In 2020, Peru exported 164.9 tonnes of forage products, representing a sharp contraction of 53.6% compared to 2019. The maximum export volume was recorded in 2019 at 355.3 tonnes, while the largest annual increase of 98.3% occurred in 2018.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	98.3%	51.2%	(53.6%)	11.6%

Source: SHEV.io

From 2017 to 2020, Ecuador dominated the partner structure of exports in kind, consistently accounting for 99.3% of total flows.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

The market exhibited volatility over the observed period. Export values fluctuated 3.8 times between the lowest point in 2017 and the peak in 2019. In 2020, Peru exported 46.1 thousand US dollars worth of forage products, down by 45.0% compared to 2019. The highest value was recorded in 2019 at 83.8 thousand US dollars, with the largest annual increase of 166.1% occurring in 2018.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	166.1%	44.1%	(45.0%)	28.3%

Source: SHEV.io

During 2017–2020, Ecuador remained the main destination for forage products from Peru, taking 88.8% of total exports in value terms, while the remaining volume was distributed among other countries.

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

Source: SHEV.io

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

Source: SHEV.io

Imports forage products to Peru

Imports in kind, t

Volatility characterized the market behavior during these years. Import levels fluctuated 31 times between the low in 2018 and the high in 2017. In 2020, Peru imported approximately 14.2 tonnes of forage products, which is 84.3% less than the previous year. The minimum import volume was recorded in 2018 at 7.2 tonnes, with the largest annual decline of 96.7% and the largest increase of 1,154.6% occurring in 2018 and 2019, respectively.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(96.7%)	1 154.6%	(84.3%)	(60.0%)

Source: SHEV.io

From 2017 to 2020, the country structure of imports in kind was strongly focused on the United States, whose share reached 76.6% of total flows, with other partners accounting for the remaining volume.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

The market showed an unstable trend throughout the timeframe. Import values changed by 6.2 times from the trough in 2018 to the peak in 2017. In 2020, foreign forage product supplies to Peru totaled 30.1 thousand US dollars, equivalent to a steep decline of 53.7% versus the previous year. The minimum value was recorded in 2018 at 17.4 thousand US dollars, with the largest annual decline of 83.9% and the largest increase of 274.2% occurring in 2018 and 2019, respectively.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(83.9%)	274.2%	(53.7%)	(34.6%)

Source: SHEV.io

In 2017–2020, the structure of imports in value terms was marked by the predominance of the United States, which absorbed 83.1% of total flows, alongside a large number of minor partners.

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

Source: SHEV.io

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

Source: SHEV.io