Frozen vegetables market in Peru

Earlier Report Observations

The Peruvian frozen vegetable market volume fluctuated significantly between 2018 and 2023. After a gradual decline from 10 928 t in 2018 to 10 359 t in 2020, it surged by 19.5% to 12 379 t in 2021. This peak was followed by a sharp 44.5% contraction to 6 867 t in 2022, before a strong recovery of nearly 50% brought the market back to 10 271 t in 2023.

Regulatory evolution was a constant backdrop, with labeling rules tightening each year. The COVID-19 pandemic in 2020 increased demand for frozen foods, helping to stabilize domestic consumption. The sharp drop in 2022 coincided with the implementation of mandatory front-of-pack warning labels (octagons) for processed foods, which likely dampened consumer demand for certain products. Other legislative changes, such as the 2021 law requiring country-of-origin labeling, kept industry practices in flux.

By 2024, the regulatory framework continued to solidify with the approval of new labeling and food security regulations. Concurrently, a 13.3% year-on-year contraction in frozen fruit and vegetable exports in early 2024 signaled shifting trade dynamics. Underlying these movements were gradual shifts in consumer preferences towards convenience and ready-to-eat meals, alongside the growing role of e-commerce in food distribution.

Production frozen vegetables in Peru

In kind, 2017-2020, t

Peru was among the world's leading producers of frozen vegetables from 2017 to 2020, ranking 30th globally by production volume.

Top producers of frozen vegetables, 2017-2020

World map of production of frozen vegetables, 2017-2020

Peru's frozen vegetable production declined for the second consecutive year. In 2020, the country produced 33 263 tonnes, down 1.5% from the previous year. Over the 2017-2020 period, production increased by 3.7%, with an average annual growth rate of 1.2%. The highest production volume was recorded in 2018 at 34 737 tonnes, which represented an 8.3% increase. The largest decline occurred in 2019, when production fell by 2.8%.

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

In value, 2017-2020, M $ US

Frozen vegetable production in Peru declined for the second consecutive year. In 2020, output was valued at 99.5 million US dollars, marking a 3.6% decrease from the previous year. Between 2017 and 2020, production value decreased by 4.1%, equating to an average annual decline of 1.4%. The peak value was recorded in 2018 at 111.8 million US dollars, representing a 7.8% increase. The largest decline occurred in 2019, when production value fell by 7.6%.

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

Exports frozen vegetables from Peru

Exports in kind, t

In 2020, Peru exported 24 997 tonnes of frozen vegetables, showing a slight increase of 1.2% compared to 2019. Between 2017 and 2020, exports grew by 22.7%, with an average annual growth rate of 7.0%. The largest decline was recorded in 2019 at 0.4%, while the largest increase occurred in 2018 with a 21.7% rise.

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

From 2017 to 2020, the United States (50.4% of exports by volume), Spain (18.0%), and Japan (12.7%) consistently held the top positions in Peru's frozen vegetable export markets, together accounting for 81.1% of total export volumes.

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 frozen vegetable exports declined for the second consecutive year. In 2020, exports amounted to 74 755 thousand US dollars, showing a 1.0% decrease from the previous year. Between 2017 and 2020, export value increased by 13.5%, with an average annual growth rate of 4.3%. The highest value was recorded in 2018 at 79 795 thousand US dollars, representing a 21.1% increase. The largest decline occurred in 2019, when export value fell by 5.3%.

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

From 2017 to 2020, three principal markets—the United States, Japan, and Spain—together accounted for 86.0% of Peru's total frozen vegetable 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 frozen vegetables to Peru

Imports in kind, t

Peru's frozen vegetable imports increased for the third consecutive year. In 2020, imports totalled 2 093 tonnes, reflecting a significant rise of 36.9% compared to 2019. Over the 2017-2020 period, imports surged by 269.7%, with an average annual growth rate of 54.6%.

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

Throughout 2017-2020, Belgium (48.5% of imports by volume), Egypt (24.1%), and the United States (17.2%) remained the key sources for Peru's frozen vegetable imports, together accounting for 89.8% of total import volumes.

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's frozen vegetable imports increased for the third consecutive year. In 2020, imports reached 2 328 thousand US dollars, marking a sharp increase of 30.0% compared to the previous year. Between 2017 and 2020, import value grew by 296.2%, with an average annual growth rate of 58.2%.

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

From 2017 to 2020, Belgium (45.1% of imports by value), Egypt (22.2%), and the United States (19.4%) were the main suppliers of frozen vegetables to Peru, together comprising 86.7% 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