In-shell Brazil nuts market in Peru

Earlier Report Observations

The in-shell Brazil nuts market in Peru expanded from 2018 to 2020, with volume rising to 12 666 t. This initial growth was supported by the first direct exports of organic nuts to Europe in 2018, which bypassed intermediaries and improved producer prices, incentivizing output. The following year, a 30% increase in the cultivated area in the Madre de Dios region laid a foundation for higher production capacity.

Market volume surged to a peak of 20 606 t in 2022, driven by strong international demand for nuts as a superfood and improved access to Asian markets. The export sector consolidated, with companies like White Lion Nuts S.A.C. capturing about 20% of the market, which helped scale up production and supply.

In 2023, market volume adjusted to 13 551 t. Over the full period from 2018 to 2023, the market showed overall growth, supported by export-oriented strategies and diversification into new geographic markets.

Production in-shell Brazil nuts in Peru

In kind, 2017-2020, t

Globally, Peru ranked as the third-largest producer of in-shell Brazil nuts from 2017 to 2020.

Top producers of in-shell Brazil nuts, 2017-2020

World map of production of in-shell Brazil nuts, 2017-2020

Peru's production of in-shell Brazil nuts grew for the third year in a row. In 2020, the country produced 10 305 tons, marking a 45.1% increase from the previous year. Over the period from 2017 to 2020, production rose by 67.9%, which translates to an annualized growth rate of 18.9%.

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

Exports in-shell Brazil nuts from Peru

Exports in kind, t

Peru's exports of in-shell Brazil nuts increased for the second consecutive year. In 2020, the country exported 74 tons, showing a sharp rise of 270.2% compared to 2019. From 2018 to 2020, exports surged by 493.8%, equivalent to an annualized rate of 81.1%.

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

From 2017 to 2020, South Korea was the dominant destination for exports in volume, accounting for 79.8% of total shipments, while the rest was distributed among various smaller markets.

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 export market exhibited volatility during this period. Exports reached their lowest point in 2019 and peaked in 2020, with a 3.3-fold difference between these years. In 2020, in-shell Brazil nuts shipments from Peru were valued at 451 thousand US dollars, a 228.3% increase from 2019. The minimum value was recorded in 2019 at 137 thousand US dollars, and the largest decline occurred that same year, falling by 29.5%.

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

From 2017 to 2020, South Korea held the leading position in export value, making up 81.0% of total flows, with the remaining share spread across other smaller destinations.

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

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

Imports in-shell Brazil nuts to Peru

Imports in kind, t

Peru's imports of in-shell Brazil nuts decreased for the second year in a row. In 2020, imports totaled 2 435 tons, reflecting a modest decline of 4.8% from 2019. Over the 2017-2020 period, imports fell by 14.8%, with a compound annual growth rate of -5.2%. The highest volume was recorded in 2018 at 4 554 tons, while the largest drop occurred in 2019, down by 43.8%. The biggest increase was seen in 2018, rising by 59.3%.

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

Between 2017 and 2020, Brazil and Bolivia were the primary sources for imports in volume, with Brazil contributing 89.3% and Bolivia 10.7% of total flows, together accounting for 100.0% of 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

Peru's import value for in-shell Brazil nuts declined for the second consecutive year. In 2020, imports amounted to 1 682 thousand US dollars, a drop of 51.3% year-over-year. From 2017 to 2020, imports decreased by 67.4%, with a compound annual growth rate of -31.2%. The peak value was in 2018 at 8 515 thousand US dollars, and the largest decline happened in 2019, falling by 59.4%. The highest increase occurred in 2018, up by 64.8%.

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

From 2017 to 2020, Brazil and Bolivia continued to be the main suppliers of in-shell Brazil nuts to Peru in value terms, together representing 100.0% 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