Oats market in Peru

Earlier Report Observations

The oat market in Peru experienced significant fluctuations between 2018 and 2023. Starting at 49 946 t in 2018, market volume grew to 53 498 t in 2019. This early period was characterized by a market where consumers had high bargaining power due to the product's relative novelty, but business opportunities existed for oat flakes and mixed drinks. The most dramatic change occurred in 2020, when the market surged to 76 169 t, driven by reinforced demand from March 2020 onwards as consumers sought healthy and convenient breakfast options during the COVID-19 pandemic, coupled with stockpiling behavior.

In 2021, market volume sharply contracted to 47 586 t. This decline coincided with the impact of exchange rate volatility on production costs, as many inputs are imported in dollars, making imports more expensive and affecting market stability. Major players like PepsiCo Foods emphasized the need for robust procurement processes to mitigate such price fluctuations. Subsequently, the market recovered to 60 761 t in 2022, supported by the ongoing trend towards plant-based diets and low-calorie products, which boosted oat consumption across Latin America.

By 2023, the market stabilized at 60 275 t. Regulatory changes concerning labeling and organic certification began influencing supply and marketing, promoting differentiated and sustainable oat products. Global factors such as exchange rate volatility and dependence on imported inputs continued to affect production costs, contributing to a significant drop in domestic production that year, though imports rose to maintain overall market volume.

Production oats in Peru

In kind, 2017-2020, t

Top producers of oats, 2017-2020

World map of production of oats, 2017-2020

In 2020, Peru produced 22 601 tons of oats, marking a modest 8.1% increase from the previous year. Over the 2017-2020 period, production grew by 13.8%, with an average annual growth rate of 4.4%. The largest decline occurred in 2019, when production fell by 0.6%.

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

Exports oats from Peru

Exports in kind, t

The market exhibited significant volatility during these years. Exports reached their lowest point in 2019 at 0.4 tons, then surged to 1 ton in 2020, representing a sharp 64.3% increase from the previous year. The peak was recorded in 2018 at 2 tons, creating a 4.2-fold gap between the highest and lowest years. The largest decline occurred in 2019, when exports dropped by 76.0%.

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

From 2017 to 2020, Italy, France, and Germany were the primary destinations for Peru's oat exports in volume terms, accounting for 28.0%, 27.0%, and 26.8% of total exports respectively. Together, these three countries represented 81.8% of all 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, K $ US

The market showed considerable volatility during this period. Exports peaked in 2018 at 7 000 US dollars, then fell to 2 000 US dollars in 2020, marking an 18.1% decline from 2019 and a 3.7-fold decrease from the peak. The largest decline occurred in 2019, with a 67.4% drop, while the largest increase was recorded in 2018, with a 252.4% surge.

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

Between 2017 and 2020, Italy, France, and the Netherlands were the main buyers of Peruvian oats in value terms, accounting for 37.4%, 32.9%, and 15.3% of total exports respectively. Collectively, these three markets comprised 85.5% of Peru's oat 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 oats to Peru

Imports in kind, t

Peru's oat imports increased for the second consecutive year in 2020, reaching 53 569 tons, which represents a steep 64.4% rise from the previous year. Over the 2017-2020 period, imports grew by 17.2%, equivalent to an annualized rate of 5.4%. The lowest import volume was recorded in 2018 at 28 915 tons, when imports declined by 36.8%.

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

From 2017 to 2020, Canada and Chile dominated Peru's oat imports in volume terms, together accounting for 86.3% of total import flows. Other destinations contributed smaller individual shares during this period.

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 oat import value increased for the second year in a row in 2020, reaching 13 576 000 US dollars, reflecting a 65.9% gain compared to 2019. Between 2017 and 2020, import value grew by 24.2%, equating to an annualized rate of 7.5%. The lowest value was recorded in 2018 at 6 556 000 US dollars, when imports fell by 40.0%.

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

Throughout 2017-2020, Canada and Chile were the core sources for Peru's oat imports in value terms, jointly accounting for 87.3% of total import flows. Other destinations held comparatively modest shares during this period.

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

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