Market research

Wheat and meslin market in Peru

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The wheat and meslin market in Peru has been characterized by low domestic production, covering only about 9% of internal demand, leading to a high dependence on imports. From 2018 to 2024, imports accounted for the vast majority of market volume, which ranged between 2 062 and 2 458 thousand tonnes, with Canada, the United States, and Argentina as the primary suppliers.

Global price shocks significantly impacted the market. The Russia-Ukraine conflict contributed to rising international wheat prices from 2021, affecting import costs and market volatility. In response, importers shifted suppliers, with Argentina gaining a 46% share in 2022 due to competitive prices, helping to sustain import volumes despite the turmoil.

By 2023, import volumes decreased to 1 868 thousand tonnes, contributing to a market size of 2 062 thousand tonnes. A new law enacted in 2024 requires the use of Andean grains in all bread production, representing a regulatory change for the wheat market.

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. 4.2. 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, K 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, K 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, K 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, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Peru in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Peru by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Peru in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Peru by countries, 2018-2024, M $ 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, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Peru in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Peru by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Peru in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Peru by countries, 2018-2024, M $ 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, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Peru in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Peru by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Peru in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Peru by countries, 2018-2024, M $ 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, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Peru in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Peru by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Peru in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Peru by countries, 2018-2024, M $ 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, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ 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 wheat and meslin in Peru

In kind, 2017-2020, K t

Top producers of wheat and meslin, 2017-2020

Source: SHEV.io

World map of production of wheat and meslin, 2017-2020

Source: SHEV.io

Peru's wheat and meslin production declined for the second consecutive year. In 2020, the country produced 186.8 K t of wheat and meslin, representing a 0.9% decrease compared to 2019. Over the 2017-2020 period, production fell by 2.7%, with an average annual decline of 0.9%. The highest production level was recorded in 2018 at 195.2 K t, which marked a 1.6% increase from the previous year. The largest decline occurred in 2019, when production dropped by 3.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.6%	(3.5%)	(0.9%)	(0.9%)

Source: SHEV.io

Exports wheat and meslin from Peru

Exports in kind, K t

Peru's wheat and meslin exports showed significant fluctuations during the period. Exports reached their lowest point in 2019 at 0.1 K t, then rebounded to 0.5 K t in 2020, representing a substantial 393.4% year-over-year increase. The largest decline occurred in 2018, when exports fell by 97.8%. Overall, exports varied dramatically, with a 53-fold difference between the peak in 2017 and the trough in 2019.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(97.8%)	(13.0%)	393.4%	(54.6%)

Source: SHEV.io

Throughout the 2017-2020 period, Ecuador dominated Peru's wheat and meslin export geography, accounting for 93.5% of total export volumes.

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, M $ US

Peru's wheat and meslin export values experienced notable volatility during this period. Exports hit their lowest point in 2019 at 0.1 M $ US, then recovered to 0.4 M $ US in 2020, representing a 185.9% increase compared to the previous year. The largest decline occurred in 2018, when export values fell by 91.3%. Overall, export values fluctuated significantly, with a 13.1-fold difference between the peak in 2017 and the trough in 2019.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(91.3%)	(12.4%)	185.9%	(39.9%)

Source: SHEV.io

During the 2017-2020 period, Ecuador maintained a dominant position in Peru's wheat and meslin export values, accounting for 76.1% of total export revenue, while various smaller destinations shared the remaining portion.

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 wheat and meslin to Peru

Imports in kind, K t

Peru's wheat and meslin imports rebounded in 2020 after two consecutive years of decline. The country imported 2 011 K t in 2020, representing a 12.9% increase compared to 2019. Over the 2017-2020 period, imports grew by 6.9%, with an average annual growth rate of 2.3%. The lowest import volume was recorded in 2019 at 2 011 K t, which marked a 2.8% decrease from the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.6%)	(2.8%)	12.9%	2.3%

Source: SHEV.io

During the 2017-2020 period, Canada and the United States were the primary suppliers of wheat and meslin to Peru, together accounting for 81.8% of total import volumes, with other partners contributing smaller shares.

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, M $ US

Peru's wheat and meslin import values reached 564.0 M $ US in 2020, reflecting a moderate 10.0% increase compared to 2019. Over the 2017-2020 period, import values grew by 7.6%, with an average annual growth rate of 2.5%. The lowest import value was recorded in 2019 at 512.6 M $ US, which represented a 4.7% decrease from the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	2.7%	(4.7%)	10.0%	2.5%

Source: SHEV.io

Throughout the 2017-2020 period, Canada and the United States remained the main sources of Peru's wheat and meslin imports by value, jointly accounting for 83.4% of total import expenditure, while other partners made up the remainder.

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