Peruvian Export Shifts in 2024: Key Product Trends and Market Movements
A look at declines in key exports, major market dominance, and emerging players for Peruvian products in 2024.
Today’s insights:
Frozen Blueberries Exports Drop by 24% in 2024
Top international supplier of artificial floral ornaments to Peru
Peru recorded a total of $6 million in imports of industrial abrasive tools
Peru’s Tangerine Exports Decline by 47% in 2024 as Key Players Reduce Shipments
Peru’s Frozen Avocado Exports Surge by 47% in 2024
Peru’s Market for Ethyl Alcohol: Dominated by Major Players
Peru's Frozen Mango Exports Drop by 52% in 2024
China solidified its position as the leading supplier of hair manufactures
Frozen Blueberries Exports Drop by 24% in 2024
Overview: Peru’s exports of frozen blueberries (HS 081190) have decreased by 24% in 2024, dropping from $16.94M in 2023 to $12.8M. The United States, a significant market, showed a substantial decline, while markets such as Chile and Poland experienced impressive growth.
Key Markets:
United States imports fell by 43%, totaling $3.7M in 2024.
United Kingdom showed positive growth, with a 24% increase, totaling $1.87M.
Chile witnessed a massive surge of 30,660%, importing $1.43M.
Poland also saw significant growth, increasing by 215% to $1.19M.
Canada faced a sharp decline, with imports dropping by 70% to $1.15M.
Emerging Markets:
Taiwan showed remarkable growth with imports reaching $58.5K, representing an extraordinary increase.
Brazil and Guatemala entered as new markets in 2024, importing $55.1K and $219K, respectively.
Declining Markets:
Germany saw a substantial drop of 78%, with imports totaling only $322K in 2024.
The Netherlands experienced a decline of 49%, importing $277K.
Panama and Spain both saw steep declines of 83% and 98%, respectively.
Conclusion: While Peru's frozen blueberry exports to key markets like the United States and Canada have decreased, new opportunities have emerged in markets such as Chile, Poland, and Taiwan. This diversification may offer resilience in the face of declines in traditional markets.
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Top international supplier of artificial floral ornaments to Peru.
During this period, Andetop Co. Ltd. emerged as the top international supplier of artificial floral ornaments to Peru, with exports valued at approximately $285,308, representing 9% of the total imports. Despite its leading position, the market shows a diverse range of suppliers, reflecting a competitive landscape.
Other notable suppliers of artificial floral ornaments to Peru include:
Yiwu Runjia Commodity Purchase Co. Ltd. ($203,261)
Amigos Company Limited ($124,879)
Yong Bin Import & Export Co. Ltd. ($82,638)
Yiwu Lihang Import Export Co. Ltd. ($82,119)
Dongguan Dongli Plastic Products Co., Ltd. ($75,484)
Zhejiang Minzo New Materials Co., Ltd. ($75,434)
Dollar General Sourcing Inc. ($75,404)
Yiwu Zuozhuang Import ($67,446)
Yiwu Yong Jun Import & Export Co. Ltd. ($62,866)
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Peru recorded a total of $6 million in imports of industrial abrasive tools.
During the first three months of 2024, Peru recorded a total of $6 million in imports of industrial abrasive tools (HS 6804). Saint-Gobain Abrasivos y Adhesivos Perú S.A.C. led the market with $1.9 million, standing out as the largest importer of these products.
Among the top importers in Peru were:
SEDISA S.A.C.
Uyustools Perú S.R.L.
Porcelanato Latino S.A.C.
Robert Bosch S.A.C.
Black & Decker Del Peru S.A.
Alfa World Business S.A.C.
Kamasa Kaili Universo S.A.C.
Proweld S.A.C.
AGP Perú S.A.C.
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Peru’s Tangerine Exports Decline by 47% in 2024 as Key Players Reduce Shipments.
Overview: In 2024, Peru's tangerine exports (HS 080521) experienced a sharp decline of 47%, dropping from $29.85M in 2023 to $15.84M in 2024. Several key exporters significantly reduced their export volumes, contributing to the overall contraction in the market.
Key Highlights:
Consorcio de Productores de Fruta S.A., the leading exporter in both years, saw a 33% reduction in exports, from $9.32M in 2023 to $6.24M in 2024.
Procesadora Laran SAC, another major player, reduced its shipments by 59%, down to $4.51M.
Grupo Comercial Campo Verde S.A.C. also saw a decrease of 21%, with exports reaching $1.17M.
Agrícola Las Marias S.A.C. increased its exports by 25%, reaching $966K.
Agro Berries S.A.C. demonstrated substantial growth with an impressive 702% increase, exporting $235K in 2024.
Several companies entered the market in 2024, including Agroexportadora Biofruit S.A.C., which exported $573K worth of tangerines, and Fresco Comercializadora Alimenticia S.A.C., which contributed $82K.
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Peru’s Frozen Avocado Exports Surge by 47% in 2024
Overview: In 2024, Peru's exports of frozen avocados (HS 081190) increased by 47%, from $24.8M in 2023 to $36.5M in 2024. Belgium, the United Kingdom, and the Netherlands remain top importers, while emerging markets have shown potential for further growth.
Key Markets:
Belgium led with a 63% increase in imports, reaching $5.68M in 2024.
The United Kingdom imported $5.05M, reflecting a 36% growth.
The Netherlands showed significant growth of 87%, totaling $4.9M.
Japan saw a 69% increase, reaching $3.27M.
South Korea imported $3M, with a 78% growth rate.
Promising Markets:
Spain doubled its imports, growing by 98% to $2.65M.
Sweden recorded an extraordinary 305% increase, totaling $1.25M.
New Zealand increased its imports by 92%, reaching $516K.
Declining and Emerging Markets:
Chile experienced an 18% decline in imports, down to $1.95M.
Germany saw a 36% reduction, importing $382K.
New markets include Estonia, Norway, Bulgaria, and Puerto Rico, with values ranging from $42K to $94K.
Thailand stands out with an impressive 1,968,316% increase, reaching $216K from a previous import value of $11 in 2023.
Conclusion: Peru's frozen avocado exports have shown robust growth, especially in European and Asian markets. The entry of new markets and a strong performance in established ones highlight the growing global demand for frozen avocados.
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Peru’s Market for Ethyl Alcohol: Dominated by Major Players.
The Peruvian market for ethyl alcohol (HS 2207, which includes ethyl alcohol of any strength) shows strong concentration, with 35 companies involved in imports from January to July 2024. The total value for this period amounts to $69M, with the top three companies accounting for over 90% of the market.
Key Insights:
Refineria La Pampilla Repsol S.A.A leads the market with a massive total import value of $32M, representing 47.54% of the total imports under HS 2207. This company dominates the market by a significant margin.
Petroleos Del Peru Petroperú S.A. holds the second-largest share with $17M, accounting for 25.12% of the market, followed by Valero Perú S.A.C. with $13M, contributing 18.60% of the total imports.
Together, these three companies control over 91% of the market, indicating a highly concentrated market structure.
Smaller Importers: Other companies, such as ALKOHLER EIRL ($2.47M, 3.57%) and F Y A Representaciones S.A.C. ($1.48M, 2.14%), contribute smaller but still notable shares. The remaining companies, such as Alsucorp - Alcohol y Suministros S.R.L. and Comercial Lazo Romo S.R.L., control less than 1% of the market each, showing that the market is heavily dominated by a few large players while the rest of the market is fragmented among smaller importers.
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Peru's Frozen Mango Exports Drop by 52% in 2024.
Overview: In 2024, Peru’s frozen mango exports (HS 081190) saw a significant decline of 52%, dropping from $101.2M in 2023 to $48.1M in 2024. Key markets like the United States and Canada experienced steep decreases, though some regions showed signs of growth.
Key Markets:
United States remains the largest importer despite a 53% drop, importing $17.7M in 2024.
Canada recorded a 40% decrease, importing $6.9M.
South Korea showed a decline of 21%, with imports totaling $5M.
Japan saw a notable 50% drop to $3.78M.
Belgium experienced one of the largest declines, dropping 62% to $3.7M.
Emerging and Resilient Markets:
Australia increased imports by 177%, totaling $1.5M in 2024.
Ireland saw 82% growth, importing $137K.
Panama nearly doubled its imports with a 97% increase to $68K.
Notable Declines:
The Netherlands dropped by 67% to $1.77M.
Germany decreased by 59%, importing $1.3M.
Spain and Poland experienced sharp drops of 73% and 92%, respectively.
New Markets:
Albania entered as a new market with $15.7K in imports.
Bulgaria and Estonia also joined as new importers, albeit at smaller volumes.
Conclusion: The frozen mango export market from Peru has seen considerable contraction in 2024, driven by large declines in key markets. However, new markets and certain regions like Australia and Ireland show promise for growth.
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China solidified its position as the leading supplier of hair manufactures.
During the first quarter of 2024, China solidified its position as the leading supplier of hair manufactures (HS 6704), accounting for 66% of the total imports of these products into Peru. Indonesia ranked second, with a share of approximately 32%.
In this period, American International Industries emerged as the top international exporter of hair manufactures to Peru, with exports totaling approximately $216,347. This figure represents around 31% of the total imports of these products during the same timeframe.
Other notable suppliers of hair manufactures to Peru include:
Yiwu Jiekai Import And Export ($37,994)
Ivy Enterprises Inc. ($36,295)
Neshat Trade Limited ($30,297)
Sol Intl Co. Ltd. ($20,448)
Yiwu Lihang Import & Export Co. Ltd. ($14,714)
Yi Wu Li Xing Trading Co. Ltd. ($13,862)
Pivot Point International ($12,882)
Comercio Union Ltd. ($12,531)
Properous Future Industrial Co. Ltd. ($11,241)
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That’s all for today…
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