Raw cane or beet sugar in solid form market in Peru

Earlier Report Observations

Peruvian sugar production held steady near 1.2 million tons between 2018 and 2020. During this phase, a jump in exports in 2019 temporarily reduced domestic supply, while in 2020 higher imports offset a diversion of cane toward ethanol production due to attractive fuel prices, allowing market volume to reach 1.34 million tons.

From 2021 onward, output dropped markedly, falling 8% that year as major mills like Casa Grande and San Jacinto reported lower production. Global price rises curtailed imports, shrinking the market to 1.12 million tons. A partial rebound in 2022, aided by increased imports, pushed market volume to 1.23 million tons, even as fertilizer costs soared due to the Russia–Ukraine war and export restrictions.

Regulatory shifts played a consistent role. The selective consumption tax on sugary drinks was raised to 25% in 2018, and later, in 2022, new quality standards and mandatory front‑of‑pack warning labels for high‑sugar products were enacted. These measures coincided with a 38% price spike in early 2022, driven by tighter supply and higher production costs.

Production raw cane or beet sugar in solid form in Peru

In kind, 2017-2020, K t

Top producers of raw cane or beet sugar in solid form, 2017-2020

World map of production of raw cane or beet sugar in solid form, 2017-2020

Peru's production of raw cane or beet sugar in solid form has grown for the third year in a row. In 2020, the country produced 1 198 thousand tonnes, showing almost no change from 2019. Looking at the period from 2017 to 2020, production rose by 10.8%, with an average annual growth rate of 3.5%.

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

Exports raw cane or beet sugar in solid form from Peru

Exports in kind, K t

The market experienced significant volatility during this period. The lowest export volume was recorded in 2018 at 8.2 thousand tonnes, while the highest was in 2017, creating an 11.2-fold difference between these extremes. In 2020, exports from Peru reached 13.2 thousand tonnes, which represents an 85.2% decrease compared to 2019. The sharpest decline occurred in 2018, falling by 91.1%, while the largest increase was in 2019, surging by 976.5%.

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

From 2017 to 2020, the United States was the leading market for Peru's exports in kind, accounting for 80.0% of the total. Other countries made up the remaining share.

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

The market displayed an unstable trend throughout the timeframe. Export values hit their lowest point in 2018 at 7.2 million US dollars and peaked in 2017, with a 7.2-fold difference between these years. In 2020, Peru exported 9.8 million US dollars worth of raw cane or beet sugar in solid form, marking a sharp drop of 79.9% from 2019. The most significant decline was in 2018, down by 86.2%, while the largest increase occurred in 2019, rising by 577.5%.

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

Between 2017 and 2020, the United States was the primary market for Peru's raw cane or beet sugar in solid form in value terms, representing 72.5% of total exports. Other destinations contributed a smaller portion.

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

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

Imports raw cane or beet sugar in solid form to Peru

Imports in kind, K t

The market showed signs of volatility over the observed period. Import volumes reached their minimum in 2019 at 60.5 thousand tonnes and peaked in 2017, with a 5.6-fold variation between these years. In 2020, Peru imported 156.7 thousand tonnes of raw cane or beet sugar in solid form, indicating a sharp rise of 159.0% compared to 2019. The largest decline was recorded in 2018, falling by 62.7%.

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

From 2017 to 2020, Colombia, Guatemala, and Brazil were the top suppliers of raw cane or beet sugar in solid form to Peru in kind. Colombia accounted for 36.7% of imports, Guatemala for 27.7%, and Brazil for 14.8%, together making up 79.2% of total imports.

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

There were noticeable fluctuations in market performance during this period. Import values dropped to their lowest in 2019 at 21.1 million US dollars and climbed to a maximum in 2017, showing a 7.6-fold shift. In 2020, Peru's import volume reached 60.1 million US dollars, representing a dramatic increase of 184.8% from the previous year. The most significant decline was in 2018, down by 71.6%.

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

Throughout 2017 to 2020, Colombia, Guatemala, and Brazil remained the key sources for Peru's imports in value terms. Colombia contributed 36.5%, Guatemala 27.5%, and Brazil 13.0%, together accounting for 77.1% 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