Pastry market in Peru

Earlier Report Observations

The implementation of Peruvian technical standards for bakery and pastry products in 2018 established clear quality and safety requirements, creating a foundation for market development alongside the entry of new players and franchise expansion. Market volume remained stable until 2020, when the COVID-19 pandemic sharply altered consumer behavior, boosting demand for healthy and organic pastries and driving a 26% volume increase to 78.4 K t.

A post-pandemic adjustment in 2021 led to a volume contraction, while consumer preferences increasingly valued product appearance, aroma, and functional health benefits. By 2022, despite a sharp rise in ingredient prices—such as fats increasing by up to 90%—and higher packaging costs due to the polystyrene ban, market volume grew 27% to 85.2 K t, supported by product innovation and expanded distribution channels.

In 2023, market volume slightly declined to 79.9 K t, while value stabilized at 189.5 M $ US. Market evolution continued, fueled by growing demand for packaged cakes and individual portions facilitated by digital payments, alongside the launch of gluten-free and vegan options that broadened market segments, and increased automation and digitalization in pastry shops.

Production pastry in Peru

In kind, 2017-2020, t

From 2017 to 2020, Peru ranked 30th globally in pastry production volume.

Top producers of pastry, 2017-2020

World map of production of pastry, 2017-2020

Following two years of contraction, Peru's pastry production rebounded. In 2020, the country produced 89 549 tonnes of pastry, marking a solid 16.6% increase compared to 2019. Over the 2017-2020 period, production grew by 12.4%, with a compound annual growth rate of 4.0%. The lowest production level was recorded in 2019 at 76 786 tonnes, which saw the largest decline of 2.1%.

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

In value, 2017-2020, M $ US

After two years of reduction, Peru's pastry production value increased. In 2020, pastry output was valued at 169.8 million US dollars, representing a 20.5% increase from 2019. Between 2017 and 2020, production value rose by 4.6%, equivalent to an annualized growth rate of 1.5%. The lowest value was recorded in 2019 at 140.9 million US dollars, while the largest decline occurred in 2018 at 11.1%.

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

Exports pastry from Peru

Exports in kind, t

Following two years of growth, Peru's pastry exports declined. In 2020, exports totaled 21 059 tonnes, showing a modest 7.3% decrease from the previous year. Between 2017 and 2020, exports increased by 12.3%, corresponding to an annualized growth rate of 4.0%. The peak export volume was reached in 2019 at 22 716 tonnes, with the largest increase occurring in 2018 at 19.2%.

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

From 2017 to 2020, Colombia (25.0% of exports in volume), Chile (11.2%), and Nicaragua (10.7%) were the largest buyers of Peruvian pastry, though they did not dominate the market. Together, these three countries accounted for 46.9% of total export volume, with numerous smaller partners making up the remainder.

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

After two years of growth, Peru's pastry exports in value terms declined. In 2020, exports stood at 39 929 thousand US dollars, representing a 4.2% decrease from the previous year. Between 2017 and 2020, export value increased by 4.6%, equivalent to an annualized growth rate of 1.5%. The highest value was recorded in 2019 at 41 679 thousand US dollars, with the largest increase occurring in 2018 at 7.6%.

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

During the 2017-2020 period, Peru's pastry export market in value terms was diverse. Colombia (21.1% of export value), Chile (11.1%), and the Dominican Republic (10.9%) together accounted for 43.1% of total flows, while the remaining 56.9% was distributed among many other countries.

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

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

Imports pastry to Peru

Imports in kind, t

In 2020, Peru's pastry imports reached 9 869 tonnes, showing a strong 21.6% increase compared to the previous year. Over the 2017-2020 period, imports grew by 29.2%, with a compound annual growth rate of 8.9%. The largest decline occurred in 2019 at 3.6%.

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

From 2017 to 2020, Ecuador (37.5% of import volume), Colombia (17.5%), and the United States (10.6%) remained the leading sources of pastry imports to Peru. Together, these three countries accounted for 65.6% of total import volume.

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

In 2020, Peru's pastry import value reached 21 212 thousand US dollars, representing an 11.5% increase from the previous year. Over the 2017-2020 period, import value grew by 19.3%, with a compound annual growth rate of 6.0%. The largest decline occurred in 2019 at 0.3%.

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

From 2017 to 2020, Ecuador (27.8% of import value), Brazil (17.2%), and Colombia (14.8%) remained the leading sources of pastry imports to Peru in value terms. Together, these three countries accounted for 59.7% of total import value.

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

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