Maize bran, sharps and residues market in Peru

Earlier Report Observations

The market volume for maize bran and residues in Peru gradually contracted from 35,800 t in 2018 to 33,100 t in 2023. A slight uptick occurred in 2020, but the overall trend remained downward.

A prolonged drought in 2022 severely affected corn production, reducing the supply of milling by-products. That same year, a declared avian flu emergency dampened demand for animal feed, further limiting consumption. In 2023, a 3.3% reduction in planted area for yellow corn continued to constrain domestic bran output.

The sector operates within a context of high dependence on corn imports, which satisfy the majority of national demand. Public programs promoting the valorization of agricultural residues and circular economy principles also began to influence the market, while extreme weather events remained a persistent risk to crop supply.

Production maize bran, sharps and residues in Peru

In kind, 2017-2020, t

Top producers of maize bran, sharps and residues, 2017-2020

World map of production of maize bran, sharps and residues, 2017-2020

In 2020, Peru produced 34 725 tons of maize bran, sharps, and residues, marking a 4.6% increase from 2019. Over the 2017-2020 period, production grew by 8.3%, with a compound annual growth rate of 2.7%. The highest production level was recorded in 2018 at 35 453 tons, which represented a 10.6% increase from the previous year. In contrast, 2019 saw the largest decline, with production dropping by 6.4%.

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

Exports maize bran, sharps and residues from Peru

Exports in kind, t

Exports of maize bran, sharps, and residues from Peru declined for the second consecutive year. In 2020, Peru exported 0.0 tons, which is 77.7% lower than in 2019. Between 2018 and 2020, exports decreased by 84%, translating to an annualized decline of 45.7%.

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

From 2017 to 2020, Mexico and Germany were the primary export destinations for maize bran, sharps, and residues from Peru, jointly accounting for 91.5% of total export volumes. Other trading partners each held significantly smaller shares.

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 value of maize bran, sharps, and residues exports from Peru fell for the second year in a row. In 2020, exports amounted to 0.4 thousand US dollars, reflecting a sharp decline of 63.4% compared to the previous year. Between 2018 and 2020, export values dropped by 74.1%, with an annualized decrease of 36.3%.

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

Throughout 2017-2020, Mexico and Germany dominated the export value of maize bran, sharps, and residues from Peru, jointly representing 86.8% of total flows. Other countries accounted for much smaller shares.

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

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

Imports maize bran, sharps and residues to Peru

Imports in kind, t

Import volumes of maize bran, sharps, and residues into Peru showed significant volatility during this period. The minimum volume was recorded in 2017, while the maximum reached 1 454 tons in 2019, representing an 81-fold difference. In 2020, imports stood at 143 tons, down 90.2% from the previous year. The largest increase occurred in 2018, with a surge of 1 661.1%.

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

Between 2017 and 2020, Bolivia was the main source of imports for maize bran, sharps, and residues into Peru, accounting for 86.9% of total import volumes. The remaining imports were spread across a diverse group of smaller countries.

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

Import values for maize bran, sharps, and residues into Peru displayed an unstable trend over these years. The lowest value was in 2017, while the peak occurred in 2019 at 325.2 thousand US dollars, a 47-fold difference. In 2020, imports totaled 81.6 thousand US dollars, a 74.9% decrease from 2019. The most significant increase was in 2018, with a jump of 1 001.1%.

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

From 2017 to 2020, Bolivia remained the leading source of maize bran, sharps, and residues imports into Peru in value terms, capturing 74.1% of total imports. The rest was distributed among other countries.

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

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