Treenuts market in Peru

Earlier Report Observations

Peru's treenuts market volume showed considerable movement from 2018 to 2023, beginning at 12.3 thousand tons before dipping to 11.1 thousand tons in 2019. This initial decline occurred alongside a sharp 67% contraction in South Korean demand for nuts, which severely reduced the value and volume of Peruvian exports. The market then rebounded to 16.2 thousand tons in 2020 despite logistical disruptions and increased transport costs caused by the COVID-19 pandemic, coupled with exchange rate volatility that affected export price competitiveness.

A post-pandemic recovery in international demand, particularly from the U.S. and Asia, supported import growth and helped expand the market to 18.4 thousand tons in 2021. The following year, market volume surged to a peak of 24.1 thousand tons, driven largely by a rise in domestic production to 20.6 thousand tons. This increase was facilitated by the entry and expansion of new exporters, led by companies like White Lions Nuts SAC, which broadened the supply base. By 2023, falling international prices and a renewed decline in South Korean demand contributed to a drop in both production and imports, pulling the market volume down to 17.2 thousand tons. A concurrent shift in global consumer preference toward fresher, less processed nuts also reshaped export composition.

The operational environment for exporters was supported by long-term legal stability, including 40-year exploitation rights for concession holders, and trade agreements such as the FTA 2024 which maintained zero or reduced tariffs for nuts, reinforcing Peru's competitive position in international trade.

Production treenuts in Peru

In kind, 2017-2020, t

Top producers of treenuts, 2017-2020

World map of production of treenuts, 2017-2020

Peru's treenuts production rebounded after a two-year decline. In 2019, production reached its lowest point at 11 506 tonnes, with the largest annual decline of 2.6%. However, in 2020, production surged by 45.0% year-over-year to 16 682 tonnes. Over the period from 2017 to 2020, production grew by 39%, representing an annualized growth rate of 11.6%.

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

Exports treenuts from Peru

Exports in kind, t

Peru's treenuts exports reached their peak in 2018 at 7 385 tonnes, marking the largest annual increase of 44.2%. In 2019, exports experienced the largest decline of 13.4%. By 2020, exports recovered to 7 228 tonnes, up 13.0% from the previous year. From 2017 to 2020, exports increased by 41.2%, with a compound annual growth rate of 12.2%.

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

From 2017 to 2020, South Korea, the United States, and Chile were consistently the main destinations for Peru's treenuts exports by volume. South Korea accounted for 38.1% of exports, the United States for 16.6%, and Chile for 9.8%. Together, these three countries represented 64.6% 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, K $ US

Peru's treenuts exports in value terms declined for the second consecutive year. In 2018, exports peaked at 69 746 thousand US dollars, with the largest annual increase of 22.3%. The following year, 2019, saw the largest decline of 41.7%. By 2020, exports fell to 32 871 thousand US dollars, down 19.1% from 2019. Over the 2017-2020 period, exports decreased by 42.4%, with a compound annual decline rate of 16.8%.

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

From 2017 to 2020, South Korea, the United States, and Hong Kong formed the primary market cluster for Peru's treenuts exports by value. South Korea held a 54.4% share, the United States 16.9%, and Hong Kong 7.1%. Collectively, these three markets accounted for 78.5% of total 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 treenuts to Peru

Imports in kind, t

Peru's treenuts imports peaked in 2018 at 7 886 tonnes, with the largest annual increase of 43.1%. In 2019, imports saw the largest decline of 24.6%. By 2020, imports rose to {value_last_year} tonnes, up 13.9% year-over-year. Over the 2017-2020 period, imports grew by 23%, with a compound annual growth rate of 7.1%.

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

From 2017 to 2020, Brazil, the United States, and Chile were the main sources of treenuts imports to Peru by volume. Brazil supplied 46.3% of imports, the United States 20.8%, and Chile 15.8%. Together, these three countries accounted for 82.8% 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

Peru's treenuts imports in value terms reached their highest point in 2018 at 27 214 thousand US dollars, with the largest annual increase of 27.5%. In 2019, imports fell to their lowest at 21 276 thousand US dollars, marking the largest decline of 21.8%. By 2020, imports recovered to 22 881 thousand US dollars, up 7.5% from the previous year. Over the 2017-2020 period, imports increased by 7.2%, with a compound annual growth rate of 2.3%.

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

From 2017 to 2020, the United States, Brazil, and Chile formed the primary group of sources for Peru's treenuts imports by value. The United States accounted for 38.2% of imports, Brazil for 27.1%, and Chile for 21.6%. Together, these three countries represented 86.9% 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