Market research

Not defatted cocoa paste market in Peru

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market volume for not defatted cocoa paste in Peru expanded significantly from 51 798 tons in 2018 to a peak of 76 524 tons in 2022, demonstrating strong growth over the first five years.

This expansion was interrupted in 2023 when the market contracted to 66 523 tons. The most rapid growth occurred between 2019 and 2020, with volume increasing by 22% in that single year.

Peru is recognized as a key origin for cocoa paste, though with production volumes below leading nations. The market is influenced by global factors such as aging cocoa trees and stringent environmental regulations in major producing countries, which affect worldwide supply and prices. Additionally, rising international demand for sustainably produced cocoa continues to shape the industry's dynamics.

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 not defatted cocoa paste in Peru

In kind, 2017-2020, t

From 2017 to 2020, Peru was one of the world's leading producers of not defatted cocoa paste, ranking 16th globally by production volume.

Top producers of not defatted cocoa paste, 2017-2020

Source: SHEV.io

World map of production of not defatted cocoa paste, 2017-2020

Source: SHEV.io

Peru's production of not defatted cocoa paste increased for the third consecutive year. In 2020, the country produced 75,201 tonnes, marking a sharp 25.3% rise compared to 2019. Over the period from 2017 to 2020, production grew by 68.5%, which translates to an annualized rate of 19.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	15.2%	16.7%	25.3%	19.0%

Source: SHEV.io

In value, 2017-2020, M $ US

Peru's production of not defatted cocoa paste increased for the third year in a row. In 2020, the output was valued at 329.3 million US dollars, showing a strong 11.9% increase from the previous year. Between 2017 and 2020, production rose by 36.8%, with an annualized growth rate of 11.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.4%	20.6%	11.9%	11.0%

Source: SHEV.io

Exports not defatted cocoa paste from Peru

Exports in kind, t

Peru's exports of not defatted cocoa paste increased for the third consecutive year. In 2020, exports reached 3,019 tonnes, a sharp 178.1% jump compared to 2019. From 2017 to 2020, exports surged by 312.7%, with a compound annual growth rate (CAGR) of 60.4%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	29.6%	14.5%	178.1%	60.4%

Source: SHEV.io

From 2017 to 2020, the United States, Argentina, and Costa Rica were the primary buyers of not defatted cocoa paste from Peru. The United States accounted for 50.2% of exports in kind, Argentina for 10.4%, and Costa Rica for 9.8%, together making up 70.5% of total exports.

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

Peru's exports of not defatted cocoa paste increased for the third year in a row. In 2020, exports amounted to 13,220 thousand US dollars, a dramatic 148.2% increase from the previous year. Over the 2017-2020 period, exports grew by 235.2%, with a CAGR of 49.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	14.1%	18.3%	148.2%	49.7%

Source: SHEV.io

In 2017-2020, the United States, Costa Rica, and Argentina were the largest buyers of not defatted cocoa paste from Peru in value terms. The United States held a 52.1% share, Costa Rica 9.2%, and Argentina 8.6%, collectively accounting for 69.9% of total exports.

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 not defatted cocoa paste to Peru

Imports in kind, t

After a two-year decline, Peru's imports of not defatted cocoa paste increased. In 2020, imports totaled 1,220 tonnes, reflecting a 20.4% year-over-year rise. Between 2017 and 2020, imports decreased by 15.1%, with an annualized rate of -5.3%. The lowest point was in 2019 at 1,013 tonnes, which saw the largest decline of 23.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.7%)	(23.6%)	20.4%	(5.3%)

Source: SHEV.io

From 2017 to 2020, Ecuador remained the overwhelmingly dominant supplier of not defatted cocoa paste to Peru, accounting for 91.8% of total imports in kind.

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

In 2020, Peru's imports of not defatted cocoa paste totaled 4,451 thousand US dollars, up 18.3% year-over-year. Over the 2017-2020 period, imports decreased by 10.6%, with a CAGR of -3.7%. The minimum value was recorded in 2019 at 3,763 thousand US dollars, while the maximum was in 2018 at 5,024 thousand US dollars. The largest decline occurred in 2019, with a 25.1% drop.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.0%	(25.1%)	18.3%	(3.7%)

Source: SHEV.io

From 2017 to 2020, imports of not defatted cocoa paste to Peru in value terms were almost entirely tied to Ecuador, which accounted for 91.6% of total flows.

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