Milk market in Peru

Earlier Report Observations

The Peruvian milk market expanded in physical volume from 2 056 thousand tons in 2018 to 2 259 thousand tons in 2023, reaching a peak of 2 312 thousand tons in 2022. In value terms, the market demonstrated strong growth, rising from $2.7 billion to $4.3 billion over the same period, indicating significant price increases or a shift towards higher-value dairy products.

In 2024, market observers highlighted the opening of new cafes as a driver for dairy consumption, while regional government policies in Piura promoted the introduction of high-yield dairy cattle breeds like Jersey and Holstein to support milk production. These developments aim to strengthen the domestic supply chain and meet evolving consumer demand.

Production milk in Peru

In kind, 2017-2020, K t

Top producers of milk, 2017-2020

World map of production of milk, 2017-2020

Peru's milk production has grown for the third year in a row. In 2020, the country produced 2 159 thousand tons of milk, marking a 0.8% increase from the previous year. From 2017 to 2020, production rose by 5.9%, with an average annual growth rate of 1.9%.

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

In value, 2017-2020, M $ US

In 2020, Peru's milk output was valued at 2 734 million US dollars, up 4.5% compared to 2019. Between 2017 and 2020, production increased by 8.8%, translating to an annualized growth rate of 2.9%. The largest drop occurred in 2019, at 3.2%, while the biggest gain was in 2018, with a 7.5% rise.

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

Exports milk from Peru

Exports in kind, t

Peru's milk exports have fallen for the second consecutive year. In 2020, export volume reached 59 384 tons, showing a significant decline of 18.6% from 2019. From 2017 to 2020, exports decreased by 28.8%, with an average annual decline of 10.7%. The highest volume was recorded in 2018 at 91 232 tons. The largest drop happened in 2019, at 20.1%, while the biggest increase was in 2018, with a 9.4% rise.

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

From 2017 to 2020, Haiti, the United States, and Chile were the top destinations for Peru's milk exports by volume. Haiti accounted for 48.6% of exports, the United States for 10.6%, and Chile for 6.3%, together making up 65.5% of total export flows.

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, M $ US

Peru's milk exports in value terms have declined for the second year in a row. In 2020, exports totaled 75.2 million US dollars, down 15.5% from 2019. Between 2017 and 2020, exports fell by 26.9%, with an average annual decrease of 9.9%. The peak value was in 2018 at 118.0 million US dollars. The largest decline occurred in 2019, at 24.6%, while the biggest increase was in 2018, with a 14.8% rise.

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

From 2017 to 2020, Haiti, the United States, and Chile were the leading markets for Peru's milk exports by value. Haiti represented 41.5% of exports, the United States 12.1%, and Chile 8.3%, together comprising 61.9% of total export flows.

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

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

Imports milk to Peru

Imports in kind, t

In 2020, Peru's milk imports reached 58 895 tons, a 14.9% increase from the previous year. From 2017 to 2020, imports grew by 32%, with an average annual growth rate of 9.7%. The highest volume was in 2018 at 59 822 tons. The largest decline was in 2019, at 14.3%, while the biggest increase was in 2018, with a 34.1% rise.

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

From 2017 to 2020, the United States, New Zealand, and Chile were the main sources of Peru's milk imports by volume. The United States accounted for 37.6% of imports, New Zealand for 25.7%, and Chile for 8.8%, together representing 72.2% of total import flows.

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, M $ US

Peru imported 153.7 million US dollars worth of milk in 2020, a 17.8% increase year-over-year. Between 2017 and 2020, imports rose by 34.8%, with an average annual growth rate of 10.5%. The largest decline was in 2019, at 10.6%, while the biggest increase was in 2018, with a 28.0% rise.

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

From 2017 to 2020, the United States, New Zealand, and Argentina were the key sources of Peru's milk imports by value. The United States made up 36.3% of imports, New Zealand 28.8%, and Argentina 10.7%, together accounting for 75.9% of total import flows.

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

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