Note: This report includes forecasting data that is based on baseline historical data.
Executive summary
A competitive trade analysis (CTA) is intended to examine major competitors and determine where a company or country compares within an industry or sector.
This CTA highlights agri-food and seafood trade in Peru and identifies the opportunities and potential growth areas for Canadian exporters.
Included are the top fifteen agri-food and seafood imports into Peru. Throughout the report, a series of supply gap analysis demonstrate the areas for potential growth in Canadian exports to Peru.
Peru is the 50th largest importer of agri-food and seafood products in the world in 2021. Peru recorded imports of Can$8.6 billion in 2021, and Canada's share was 8.0% or Can$692.1 million.
Peru is a net exporter of agri-food and seafood products with a trade surplus of Can$7.8 billion in 2021. Peru's agri-food and seafood imports increased at a compound annual growth rate (CAGR) of 6.3% from 2017 to 2021.
The top five agri-food and seafood suppliers to Peru represented Can$5.9 billion or 68.1% of total imports in 2021. Top supplying countries to Peru were predominantly Latin American nations. The largest supplying non-Latin American countries were the U.S, Canada, China, Netherlands and Spain. The top five imports to Peru in 2021 were maize, soybean oil, soybean oil cakes, wheat and meslin, and food preparations.
In 2021, Canada had an agri-food and seafood trade deficit of Can$6.2 million with Peru. Peru's agri-food and seafood imports from Canada have increased by a CAGR of 7.5% from 2017 to 2021. Top imports from Canada in 2021 were wheat and meslin, durum wheat, dried lentils, dried peas and oats.
Trade overview
Peru is a net exporter of agri-food and seafood products. In 2021, Peru's agri-food and seafood trade surplus were Can$7.8 billion with imports valued at Can$8.6 billion, and Can$16.4 billion in exports. Peru's agri-food and seafood imports increased at a CAGR of 6.3% from 2017 to 2021. In 2021, Canada had an agri-food and seafood trade deficit of Can$6.2 million with Peru.
Peru's top agri-food and seafood imports in 2021 were maize, soybean oil, soybean oil cakes, wheat and meslin, and food preparations. Top supplying countries to Peru were predominantly Latin American nations, led by Argentina, Bolivia, and Brazil, with Argentina being the top supplier of agri-food and seafood commodities to Peru, covering Can$2.2 billion or 25.6% of the market in 2021. The largest supplying non-Latin American countries were the U.S, Canada, Thailand, China, Netherlands and Spain. Imports from Canada increased between 2017 and 2021 by a CAGR of 6.5% to rank 4th overall in terms of market share at 8.0% in 2021. From 2017-2021 Canada has maintained an average of 8.2% market share of Peru's agri-food and seafood imports.
| Country | 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 |
|---|---|---|---|---|---|---|
| World | 6,766.6 | 6,903.3 | 6,919.9 | 7,248.0 | 8,629.3 | 6.3 |
| Argentina | 858.3 | 899.8 | 1,592.1 | 1,684.3 | 2,211.9 | 26.7 |
| United States | 1,916.4 | 2,013.4 | 1,551.0 | 1,348.3 | 1,423.0 | −7.2 |
| Bolivia | 451.8 | 528.0 | 489.2 | 625.5 | 1,068.3 | 24.0 |
| Canada | 538.5 | 566.7 | 485.7 | 714.5 | 692.1 | 6.5 |
| Brazil | 316.7 | 320.8 | 360.7 | 407.3 | 480.0 | 11.0 |
| Chile | 485.1 | 467.6 | 429.3 | 397.2 | 379.0 | −6.0 |
| Paraguay | 172.0 | 184.6 | 189.2 | 124.3 | 235.8 | 8.2 |
| Colombia | 264.5 | 243.9 | 228.6 | 236.8 | 225.3 | −3.9 |
| Mexico | 182.8 | 176.1 | 188.2 | 182.9 | 211.9 | 3.8 |
| Ecuador | 214.8 | 222.0 | 175.9 | 190.4 | 184.3 | −3.8 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate |
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In 2020, the top five agri-food and seafood suppliers to Peru accounted for Can$5.9 billion or 68.1% of the total imports. Canada has seen an increase in its exports of agri-food and seafood products to Peru over the past five years. Imports from Canada increased by a CAGR of 0.2% from 2017 to 2021. In 2021, Canada's market share was estimated at 8.0% of Peru's total imports.
| Country | 2017 | 2018 | 2019 | 2020 | 2021 | Percent Point* change 2017-2021 |
|---|---|---|---|---|---|---|
| Argentina | 12.7 | 13.0 | 23.0 | 23.2 | 25.6 | 12.9 |
| United States | 28.3 | 29.2 | 22.4 | 18.6 | 16.5 | −11.8 |
| Bolivia | 6.7 | 7.6 | 7.1 | 8.6 | 12.4 | 5.7 |
| Canada | 8.0 | 8.2 | 7.0 | 9.9 | 8.0 | 0.0 |
| Brazil | 4.7 | 4.6 | 5.2 | 5.6 | 5.6 | 0.9 |
| Chile | 7.2 | 6.8 | 6.2 | 5.5 | 4.4 | −2.8 |
| Paraguay | 2.5 | 2.7 | 2.7 | 1.7 | 2.7 | 0.2 |
| Colombia | 3.9 | 3.5 | 3.3 | 3.3 | 2.6 | −1.3 |
| Mexico | 2.7 | 2.6 | 2.7 | 2.5 | 2.5 | −0.2 |
| Ecuador | 3.2 | 3.2 | 2.5 | 2.6 | 2.1 | −1.1 |
|
Source: Global Trade Tracker, 2022 *Percent Point change: difference between 2021 and 2017 values |
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| 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 | |
|---|---|---|---|---|---|---|
| Imports from the world | 6,766.6 | 6,903.3 | 6,919.9 | 7,248.0 | 8,629.3 | 6.3 |
| Imports from Canada | 538.5 | 566.7 | 485.7 | 714.5 | 692.1 | 6.5 |
| Supply gap | 6,228.2 | 6,336.6 | 6,434.2 | 6,533.5 | 7,937.2 | 6.5 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate |
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| HS code | Description | 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 |
|---|---|---|---|---|---|---|---|
| Total imports | 6,766.6 | 6,903.3 | 6,919.9 | 7,248.0 | 8,629.3 | 6.3 | |
| 1005 | maize or corn | 850.9 | 917.8 | 1,057.0 | 1,045.2 | 1,388.9 | 13.0 |
| 1507 | soya-bean oil | 481.7 | 514.7 | 512.5 | 557.2 | 917.6 | 17.5 |
| 2304 | soya-bean oilcake | 590.3 | 687.9 | 619.1 | 662.5 | 868.8 | 10.1 |
| 1001 | wheat and meslin | 679.1 | 697.4 | 680.0 | 755.8 | 774.3 | 3.3 |
| 2106 | food preparations | 283.1 | 288.4 | 305.9 | 328.4 | 394.5 | 8.7 |
| 2309 | animal feeding preparations | 216.6 | 251.7 | 261.1 | 256.3 | 274.2 | 6.1 |
| 0402 | milk and cream | 148.2 | 187.2 | 171.1 | 201.1 | 258.7 | 15.0 |
| 2207 | ethyl alcohol | 121.2 | 109.7 | 128.0 | 123.3 | 206.9 | 14.3 |
| 1201 | soya beans | 167.4 | 159.4 | 188.6 | 163.1 | 195.9 | 4.0 |
| 1006 | rice | 299.9 | 208.2 | 220.8 | 242.9 | 195.6 | −10.1 |
| 0207 | meat and edible offal of poultry | 88.6 | 107.2 | 106.3 | 103.9 | 178.2 | 19.1 |
| 5201 | cotton | 131.2 | 151.3 | 127.7 | 86.4 | 153.5 | 4.0 |
| 1901 | malt extract; food preparations of flour or milk | 118.4 | 127.7 | 129.5 | 114.4 | 117.8 | −0.1 |
| 1604 | prepared/preserved fish | 105.8 | 92.6 | 143.4 | 175.5 | 115.7 | 2.3 |
| 1701 | cane or beet sugar | 352.6 | 153.2 | 115.4 | 190.2 | 113.5 | −24.7 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate |
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Top agri-food and seafood imports
Maize or corn (HS 1005)
From 2017 to 2021,Peru did not import maize or corn from Canada. Imports from the top suppliers, Argentina and Mexico, increased by 142.9% and 4.5% respectively from 2017 to 2021.Imports from the other leading suppliers, Brazil and Bolivia, increased by 28.6% and 40.4% respectively from 2017 to 2021.
| Country | 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 |
|---|---|---|---|---|---|---|
| World | 850.9 | 917.8 | 1,057.00 | 1,045.20 | 1,388.90 | 13.0 |
| Argentina | 32.3 | 66.5 | 701.2 | 827.3 | 1,122.40 | 142.9 |
| United States | 789.1 | 824.4 | 314.3 | 179 | 203 | −28.8 |
| Mexico | 17.6 | 12.6 | 18.7 | 18.7 | 21 | 4.5 |
| Brazil | 6.8 | 8.6 | 13.7 | 8.2 | 18.7 | 28.6 |
| Bolivia | 3.3 | 4.2 | 3.2 | 4.2 | 12.9 | 40.4 |
| Thailand | 1.7 | 1.1 | 5.4 | 5.2 | 9.7 | 55.6 |
| Colombia | 0.1 | 0.2 | 0.3 | 0.7 | 1 | 76.9 |
| Chile | 0 | 0.3 | 0 | 0 | 0.1 | 120.6 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate |
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| Country | 2017 | 2018 | 2019 | 2020 | 2021 | Percent Point* change 2017-2021 |
|---|---|---|---|---|---|---|
| Argentina | 3.8 | 7.2 | 66.3 | 79.2 | 80.8 | 77.0 |
| United States | 2446.3 | 89.8 | 29.7 | 17.1 | 14.6 | −2431.7 |
| Mexico | 2.2 | 1.4 | 1.8 | 1.8 | 1.5 | −0.7 |
| Brazil | 38.8 | 0.9 | 1.3 | 0.8 | 1.3 | −37.4 |
| Bolivia | 48.8 | 0.5 | 0.3 | 0.4 | 0.9 | −47.9 |
| Thailand | 49.6 | 0.1 | 0.5 | 0.5 | 0.7 | −48.9 |
| Colombia | 6.4 | 0.0 | 0.0 | 0.1 | 0.1 | −6.3 |
| Chile | 4.3 | 0.0 | 0.0 | 0.0 | 0.0 | −4.3 |
| Chile | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Source: Global Trade Tracker, 2022 *Percent Point change: difference between 2021 and 2017 values |
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| 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 | |
|---|---|---|---|---|---|---|
| Imports from the world | 850.9 | 917.8 | 1,057.0 | 1,045.2 | 1,388.9 | 13.0 |
| Imports from Canada | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | N/C |
| Supply gap | 850.9 | 917.8 | 1,057.0 | 1,045.2 | 1,388.9 | 13.0 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate N/C: Not calculable |
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2. Soya-bean oil (HS 1507)
In 2021, Canada was Peru's 13th largest supplier of soya-bean oil. Imports from Canada decreased by a CAGR of 95.8% from 2017 to 2021. Imports from the other leading suppliers, Argentina and Bolivia, increased by 7.8% and 68.8% respectively from 2017 to 2021.
| Country | 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 |
|---|---|---|---|---|---|---|
| World | 481.7 | 514.7 | 512.5 | 557.2 | 917.6 | 17.50 |
| Argentina | 429.5 | 364.7 | 425 | 393.6 | 579.1 | 7.80 |
| Bolivia | 23.4 | 22.1 | 17.3 | 68.2 | 189.8 | 68.80 |
| Paraguay | 0 | 1 | 23.5 | 33.3 | 50.6 | 268.80 |
| Brazil | 28 | 26.9 | 31.6 | 32.3 | 48.9 | 15.00 |
| United States | 0.1 | 97.4 | 12.3 | 28.2 | 48.5 | 355.30 |
| Guatemala | 0.3 | 2.2 | 2.9 | 1.5 | 0.4 | 8.80 |
| Italy | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 118.70 |
| Chile | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | N/C |
| Germany | 0.0 | 0.1 | 0.0 | 0.0 | 0.1 | N/C |
| France | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −75.10 |
| Canada (13th) | 0.4 | 0.2 | 0.0 | 0.0 | 0.0 | −95.8 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate N/C: Not calculable |
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| Country | 2017 | 2018 | 2019 | 2020 | 2021 | Percent Point* change 2017-2021 |
|---|---|---|---|---|---|---|
| Argentina | 89.2 | 70.9 | 82.9 | 70.6 | 63.1 | −26.1 |
| Bolivia | 4.9 | 4.3 | 3.4 | 12.2 | 20.7 | 15.8 |
| Paraguay | 0.0 | 0.2 | 4.6 | 6.0 | 5.5 | 5.5 |
| Brazil | 5.8 | 5.2 | 6.2 | 5.8 | 5.3 | −0.5 |
| United States | 0.0 | 18.9 | 2.4 | 5.1 | 5.3 | 5.3 |
| Guatemala | 0.1 | 0.4 | 0.6 | 0.3 | 0.0 | 0.0 |
| Italy | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Chile | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Germany | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| France | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Source: Global Trade Tracker, 2022 *Percent Point change: difference between 2021 and 2017 values |
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| 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 | |
|---|---|---|---|---|---|---|
| Imports from the world | 481.7 | 514.7 | 512.5 | 557.2 | 917.6 | 17.5 |
| Imports from Canada | 0.4 | 0.2 | 0.0 | 0.0 | 0.0 | −95.8 |
| Supply gap | 481.2 | 514.5 | 512.5 | 557.2 | 917.6 | 17.5 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate |
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3. Soya-bean oilcake (HS 2304)
From 2017 to 2021,Peru did not import soya-bean oilcake from Canada. Imports from the top suppliers, Bolivia and Paraguay, increased by 19.6% and 6.2% respectively from 2017 to 2021.
| Country | 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 |
|---|---|---|---|---|---|---|
| World | 590.3 | 687.9 | 619.1 | 662.5 | 868.8 | 10.1 |
| Bolivia | 317.8 | 391.8 | 369.5 | 415.2 | 649.4 | 19.6 |
| Paraguay | 94.3 | 151.1 | 137.9 | 71.7 | 120.0 | 6.2 |
| United States | 126.7 | 110.3 | 78.3 | 154.4 | 66.6 | −14.9 |
| Argentina | 51.1 | 34.4 | 33.1 | 17.7 | 18.4 | −22.5 |
| Panama | 0.0 | 0.0 | 0.0 | 0.0 | 9.5 | N/C |
| Chile | 0.0 | 0.0 | 0.0 | 3.4 | 4.8 | N/C |
| Brazil | 0.1 | 0.0 | 0.2 | 0.1 | 0.1 | 9.0 |
| India | 0.3 | 0.3 | 0.2 | 0.0 | 0.0 | N/C |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate N/C: Not calculable |
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| Country | 2017 | 2018 | 2019 | 2020 | 2021 | Percent Point* change 2017-2021 |
|---|---|---|---|---|---|---|
| Bolivia | 53.8 | 57.0 | 59.7 | 62.7 | 74.7 | 20.9 |
| Paraguay | 16.0 | 22.0 | 22.3 | 10.8 | 13.8 | −2.2 |
| United States | 21.5 | 16.0 | 12.7 | 23.3 | 7.7 | −13.8 |
| Argentina | 8.7 | 5.0 | 5.3 | 2.7 | 2.1 | −6.5 |
| Panama | 0.0 | 0.0 | 0.0 | 0.0 | 1.1 | 1.1 |
| Chile | 0.0 | 0.0 | 0.0 | 0.5 | 0.6 | 0.6 |
| Brazil | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| India | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | −0.1 |
|
Source: Global Trade Tracker, 2022 *Percent Point change: difference between 2021 and 2017 values |
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| 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 | |
|---|---|---|---|---|---|---|
| Imports from the world | 590.3 | 687.9 | 619.1 | 662.5 | 868.8 | 10.1 |
| Imports from Canada | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | N/C |
| Supply gap | 590.3 | 687.9 | 619.1 | 662.5 | 868.8 | 10.1 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate N/C: Not calculable |
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4. Wheat and meslin (HS 1001)
In 2021, Canada was Peru's largest supplier of wheat and meslin with imports valued at Can$593.1 million. Imports from Canada increased by a CAGR of 7.6% from 2017 to 2021.
| Country | 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 |
|---|---|---|---|---|---|---|
| World | 679.1 | 697.4 | 680.0 | 755.8 | 774.3 | 3.3 |
| Canada | 443.4 | 486.3 | 408.5 | 596.6 | 593.1 | 7.6 |
| United States | 131.7 | 55.0 | 156.3 | 68.3 | 85.0 | −10.4 |
| Argentina | 65.5 | 115.1 | 99.2 | 90.9 | 71.5 | 2.2 |
| Russia | 38.5 | 41.0 | 16.0 | 0.0 | 24.6 | −10.5 |
| France | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | N/C |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate N/C: Not calculable |
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| Country | 2017 | 2018 | 2019 | 2020 | 2021 | Percent Point* change 2017-2021 |
|---|---|---|---|---|---|---|
| Canada | 65.3 | 69.7 | 60.1 | 78.9 | 76.6 | 11.3 |
| United States | 19.4 | 7.9 | 23.0 | 9.0 | 11.0 | −8.4 |
| Argentina | 9.6 | 16.5 | 14.6 | 12.0 | 9.2 | −0.4 |
| Russia | 5.7 | 5.9 | 2.4 | 0.0 | 3.2 | −2.5 |
| France | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Source: Global Trade Tracker, 2022 *Percent Point change: difference between 2021 and 2017 values |
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| 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 | |
|---|---|---|---|---|---|---|
| Imports from the world | 679.1 | 697.4 | 680.0 | 755.8 | 774.3 | 3.3 |
| Imports from Canada | 443.4 | 486.3 | 408.5 | 596.6 | 593.1 | 7.6 |
| Supply gap | 235.7 | 211.0 | 271.5 | 159.2 | 181.2 | −6.4 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate |
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5. Food preparations (HS 2106)
In 2021, Canada was Peru's 22nd largest supplier of food preparations with imports valued at Can$3.2 million. Imports from Canada increased by a CAGR of 15.7% from 2017 to 2021. Imports from the top suppliers, the US and Spain, increased by 8.7% and 59.0% respectively from 2017 to 2021.
| Country | 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 |
|---|---|---|---|---|---|---|
| World | 283.1 | 288.4 | 305.9 | 328.4 | 394.5 | 8.7 |
| United States | 66.8 | 70.7 | 72.8 | 79.9 | 93.3 | 8.7 |
| Spain | 6.8 | 15.2 | 27.7 | 38.5 | 43.5 | 59.0 |
| Costa Rica | 0.1 | 0.0 | 1.1 | 26.9 | 36.5 | 302.1 |
| Mexico | 27.9 | 26.6 | 27.2 | 20.3 | 25.4 | −2.4 |
| Netherlands | 21.0 | 20.0 | 16.5 | 20.7 | 21.9 | 1.0 |
| Colombia | 13.6 | 13.6 | 16.5 | 14.4 | 19.2 | 8.9 |
| Free Zone | 16.7 | 15.9 | 16.6 | 13.7 | 18.5 | 2.5 |
| Malaysia | 4.7 | 6.1 | 10.6 | 9.0 | 16.7 | 37.0 |
| Singapore | 14.3 | 14.2 | 12.2 | 16.6 | 15.1 | 1.4 |
| Brazil | 9.6 | 9.6 | 9.0 | 9.8 | 14.0 | 9.8 |
| Canada (22nd) | 1.8 | 1.4 | 0.8 | 2.0 | 3.2 | 15.7 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate |
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| Country | 2017 | 2018 | 2019 | 2020 | 2021 | Percent Point* change 2017-2021 |
|---|---|---|---|---|---|---|
| United States | 23.6 | 24.5 | 23.8 | 24.3 | 23.6 | 0.0 |
| Spain | 2.4 | 5.3 | 9.1 | 11.7 | 11.0 | 8.6 |
| Costa Rica | 0.0 | 0.0 | 0.4 | 8.2 | 9.2 | 9.2 |
| Mexico | 9.9 | 9.2 | 8.9 | 6.2 | 6.4 | −3.4 |
| Netherlands | 7.4 | 6.9 | 5.4 | 6.3 | 5.6 | −1.9 |
| Colombia | 4.8 | 4.7 | 5.4 | 4.4 | 4.9 | 0.0 |
| Free Zone | 5.9 | 5.5 | 5.4 | 4.2 | 4.7 | −1.2 |
| Malaysia | 1.7 | 2.1 | 3.5 | 2.7 | 4.2 | 2.6 |
| Singapore | 5.1 | 4.9 | 4.0 | 5.1 | 3.8 | −1.2 |
| Brazil | 3.4 | 3.3 | 2.9 | 3.0 | 3.6 | 0.1 |
| Canada | 0.6 | 0.5 | 0.3 | 0.6 | 0.8 | 0.2 |
|
Source: Global Trade Tracker, 2022 *Percent Point change: difference between 2021 and 2017 values |
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| 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 | |
|---|---|---|---|---|---|---|
| Imports from the world | 283.1 | 288.4 | 305.9 | 328.4 | 394.5 | 8.7 |
| Imports from Canada | 1.8 | 1.4 | 0.8 | 2.0 | 3.2 | 15.7 |
| Supply gap | 281.3 | 287.0 | 305.1 | 326.5 | 391.3 | 8.6 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate |
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6. Animal feeding preparations (HS 2309)
In 2021, Canada was Peru's 17th largest supplier of animal feeding preparations with imports valued at Can$3.1 million. Imports from Canada decreased by a CAGR of 16.0% from 2017 to 2021. Imports from the top suppliers, Ecuador and Brazil, increased by 8.8% and 13.8% respectively from 2017 to 2021.
| Country | 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 |
|---|---|---|---|---|---|---|
| World | 216.6 | 251.7 | 261.1 | 256.3 | 274.2 | 6.1 |
| Ecuador | 40.2 | 46.9 | 51.4 | 61.7 | 56.2 | 8.8 |
| United States | 50.8 | 50.7 | 52.0 | 44.1 | 49.8 | −0.5 |
| Brazil | 16.2 | 14.0 | 11.7 | 15.6 | 27.2 | 13.8 |
| Chile | 27.9 | 41.5 | 36.5 | 36.1 | 26.6 | −1.1 |
| Argentina | 13.8 | 21.5 | 22.1 | 20.0 | 24.7 | 15.6 |
| China | 13.7 | 16.2 | 16.4 | 13.8 | 13.4 | −0.6 |
| Spain | 6.9 | 8.7 | 8.7 | 9.1 | 10.1 | 10.1 |
| Netherlands | 4.1 | 4.9 | 8.3 | 7.4 | 9.1 | 22.1 |
| Colombia | 7.9 | 10.0 | 4.7 | 3.1 | 8.1 | 0.4 |
| France | 5.7 | 4.5 | 5.6 | 5.9 | 6.4 | 3.1 |
| Canada (17th) | 6.2 | 5.7 | 5.2 | 3.8 | 3.1 | −16.0 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate |
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| Country | 2017 | 2018 | 2019 | 2020 | 2021 | Percent Point* change 2017-2021 |
|---|---|---|---|---|---|---|
| Ecuador | 18.5 | 18.6 | 19.7 | 24.1 | 20.5 | 2.0 |
| United States | 23.4 | 20.1 | 19.9 | 17.2 | 18.2 | −5.3 |
| Brazil | 7.5 | 5.6 | 4.5 | 6.1 | 9.9 | 2.4 |
| Chile | 12.9 | 16.5 | 14.0 | 14.1 | 9.7 | −3.2 |
| Argentina | 6.4 | 8.5 | 8.5 | 7.8 | 9.0 | 2.6 |
| China | 6.3 | 6.5 | 6.3 | 5.4 | 4.9 | −1.5 |
| Spain | 3.2 | 3.5 | 3.3 | 3.5 | 3.7 | 0.5 |
| Netherlands | 1.9 | 2.0 | 3.2 | 2.9 | 3.3 | 1.4 |
| Colombia | 3.7 | 4.0 | 1.8 | 1.2 | 2.9 | −0.7 |
| France | 2.6 | 1.8 | 2.2 | 2.3 | 2.3 | −0.3 |
| Canada (17th) | 2.8 | 2.3 | 2.0 | 1.5 | 1.1 | −1.7 |
|
Source: Global Trade Tracker, 2022 *Percent Point change: difference between 2021 and 2017 values |
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| 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 | |
|---|---|---|---|---|---|---|
| Imports from the world | 216.6 | 251.7 | 261.1 | 256.3 | 274.2 | 6.1 |
| Imports from Canada | 6.2 | 5.7 | 5.2 | 3.8 | 3.1 | −16.0 |
| Supply gap | −6.2 | −5.7 | −5.2 | −3.8 | −3.1 | −16.0 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate |
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7. Milk and cream (HS 0402)
In 2021, Canada was Peru's 10th largest supplier of milk and cream with imports valued at Can$1.1 million. Imports from Canada decreased by a CAGR of 55.5% from 2017 to 2021. Imports from the top suppliers, the US and Argentina, increased by 21.7% and 66.2% respectively from 2017 to 2021.
| Country | 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 |
|---|---|---|---|---|---|---|
| World | 148.2 | 187.2 | 171.1 | 201.1 | 258.7 | 15.0 |
| United States | 48.3 | 46.3 | 63.4 | 104.2 | 105.7 | 21.7 |
| Argentina | 5.0 | 10.9 | 19.8 | 41.7 | 38.1 | 66.2 |
| New Zealand | 53.2 | 86.7 | 51.4 | 13.1 | 36.1 | −9.2 |
| Chile | 8.5 | 12.2 | 11.1 | 12.3 | 15.5 | 16.2 |
| Netherlands | 7.5 | 18.4 | 3.6 | 3.6 | 15.4 | 19.8 |
| Ireland | 9.1 | 0.0 | 0.4 | 2.2 | 14.7 | 12.6 |
| Germany | 0.5 | 1.1 | 4.2 | 9.8 | 12.2 | 125.8 |
| Bolivia | 7.8 | 5.2 | 4.9 | 4.5 | 9.7 | 5.7 |
| Belgium | 0.9 | 1.9 | 5.1 | 1.7 | 5.9 | 58.3 |
| Canada | 0.2 | 2.0 | 0.5 | 0.1 | 1.1 | 55.5 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate |
||||||
| Country | 2017 | 2018 | 2019 | 2020 | 2021 | Percent Point* change 2017-2021 |
|---|---|---|---|---|---|---|
| United States | 32.6 | 24.7 | 37.1 | 51.8 | 40.8 | 8.3 |
| Argentina | 3.4 | 5.8 | 11.6 | 20.7 | 14.7 | 11.4 |
| New Zealand | 35.9 | 46.3 | 30.0 | 6.5 | 14.0 | −21.9 |
| Chile | 5.7 | 6.5 | 6.5 | 6.1 | 6.0 | 0.3 |
| Netherlands | 5.1 | 9.8 | 2.1 | 1.8 | 6.0 | 0.9 |
| Ireland | 6.2 | 0.0 | 0.2 | 1.1 | 5.7 | −0.5 |
| Germany | 0.3 | 0.6 | 2.4 | 4.9 | 4.7 | 4.4 |
| Bolivia | 5.2 | 2.8 | 2.9 | 2.3 | 3.7 | −1.5 |
| Belgium | 0.6 | 1.0 | 3.0 | 0.8 | 2.3 | 1.7 |
| Canada | 0.1 | 1.1 | 0.3 | 0.0 | 0.4 | 0.3 |
|
Source: Global Trade Tracker, 2022 *Percent Point change: difference between 2021 and 2017 values |
||||||
| 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 | |
|---|---|---|---|---|---|---|
| Imports from the world | 148.2 | 187.2 | 171.1 | 201.1 | 258.7 | 15.0 |
| Imports from Canada | 0.2 | 2.0 | 0.5 | 0.1 | 1.1 | 55.5 |
| Supply gap | 148.0 | 185.2 | 170.6 | 201.0 | 257.7 | 14.9 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate |
||||||
8. Ethyl alcohol (HS 2207)
In 2021, Canada was Peru's 12th largest supplier of ethyl alcohol with imports valued at Can$1,045. Imports from the top suppliers, the US and Bolivia, increased by 10.8% and 44.5% respectively from 2017 to 2021.
| Country | 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 |
|---|---|---|---|---|---|---|
| World | 121.2 | 109.7 | 128.0 | 123.3 | 206.9 | 14.3 |
| United States | 111.7 | 97.0 | 118.2 | 94.6 | 168.0 | 10.8 |
| Bolivia | 7.0 | 9.4 | 7.6 | 22.6 | 30.4 | 44.5 |
| Brazil | 0.1 | 0.1 | 0.1 | 3.4 | 6.6 | 230.3 |
| Ecuador | 2.2 | 2.3 | 1.7 | 2.1 | 1.5 | −9.2 |
| France | 0.2 | 0.7 | 0.3 | 0.0 | 0.2 | −11.0 |
| Germany | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 7.1 |
| Argentina | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | N/C |
| Netherlands | 0.0 | 0.0 | 0.0 | 0.4 | 0.0 | N/C |
| Chile | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | N/C |
| South Korea | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | N/C |
| Canada (12th) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | N/C |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate N/C: Not calculable |
||||||
| Country | 2017 | 2018 | 2019 | 2020 | 2021 | Percent Point* change 2017-2021 |
|---|---|---|---|---|---|---|
| United States | 92.1 | 88.5 | 92.4 | 76.7 | 81.2 | −10.9 |
| Bolivia | 5.8 | 8.6 | 5.9 | 18.4 | 14.7 | 8.9 |
| Brazil | 0.0 | 0.0 | 0.0 | 2.8 | 3.2 | 3.2 |
| Ecuador | 1.8 | 2.1 | 1.3 | 1.7 | 0.7 | −1.1 |
| France | 0.2 | 0.7 | 0.2 | 0.0 | 0.1 | −0.1 |
| Germany | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 |
| Argentina | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Netherlands | 0.0 | 0.0 | 0.0 | 0.3 | 0.0 | 0.0 |
| Chile | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| South Korea | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Canada (12th) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Source: Global Trade Tracker, 2022 *Percent Point change: difference between 2021 and 2017 values |
||||||
| 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 | |
|---|---|---|---|---|---|---|
| Imports from the world | 121.2 | 109.7 | 128.0 | 123.3 | 206.9 | 14.3 |
| Imports from Canada | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | N/C |
| Supply gap | 121.2 | 109.7 | 128.0 | 123.3 | 206.9 | 14.3 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate N/C: Not calculable |
||||||
9. Soya beans (HS 1201)
In 2021, Canada was Peru's 7th largest supplier of soya beans with imports valued at Can$0.6 million. Imports from Canada decreased by a CAGR of 27.9% from 2017 to 2021.Imports from the top suppliers, the US and Paraguay, decreased by 2.5% and 8.9% respectively from 2017 to 2021.
| Country | 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 |
|---|---|---|---|---|---|---|
| World | 167.4 | 159.4 | 188.6 | 163.1 | 195.9 | 4.0 |
| United States | 73.0 | 130.7 | 153.4 | 136.0 | 66.1 | −2.5 |
| Paraguay | 69.5 | 22.8 | 20.4 | 8.1 | 48.0 | −8.9 |
| Bolivia | 7.7 | 4.6 | 6.1 | 10.3 | 39.3 | 50.4 |
| Argentina | 0.2 | 0.0 | 7.4 | 8.0 | 31.7 | 246.6 |
| Uruguay | 14.7 | 0.0 | 0.0 | 0.0 | 5.4 | −22.2 |
| Panama | 0.0 | 0.0 | 0.0 | 0.0 | 4.9 | N/C |
| Canada | 2.3 | 1.2 | 1.3 | 0.7 | 0.6 | −27.9 |
| Brazil | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | N/C |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate N/C: Not calculable |
||||||
| Country | 2017 | 2018 | 2019 | 2020 | 2021 | Percent Point* change 2017-2021 |
|---|---|---|---|---|---|---|
| United States | 43.6 | 82.0 | 81.3 | 83.4 | 33.8 | −9.9 |
| Paraguay | 41.5 | 14.3 | 10.8 | 5.0 | 24.5 | −17.0 |
| Bolivia | 4.6 | 2.9 | 3.3 | 6.3 | 20.0 | 15.5 |
| Argentina | 0.1 | 0.0 | 3.9 | 4.9 | 16.2 | 16.0 |
| Uruguay | 8.8 | 0.0 | 0.0 | 0.0 | 2.7 | −6.0 |
| Panama | 0.0 | 0.0 | 0.0 | 0.0 | 2.5 | 2.5 |
| Canada | 1.4 | 0.8 | 0.7 | 0.4 | 0.3 | −1.0 |
| Brazil | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
|
Source: Global Trade Tracker, 2022 *Percent Point change: difference between 2021 and 2017 values |
||||||
| 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 | |
|---|---|---|---|---|---|---|
| Imports from the world | 167.4 | 159.4 | 188.6 | 163.1 | 195.9 | 4.0 |
| Imports from Canada | 2.3 | 1.2 | 1.3 | 0.7 | 0.6 | −27.9 |
| Supply gap | 165.1 | 158.2 | 187.3 | 162.4 | 195.3 | 4.3 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate |
||||||
10. Malt extract (HS 1901)
In 2021, Canada was Peru's 10th largest supplier of malt extract with imports valued at Can$2.2 million. Imports from Canada increased by a CAGR of 30.8% from 2017 to 2021.Imports from the top suppliers, Netherlands and Colombia, increased by 16.5% and 14.9% respectively from 2017 to 2021.
| Country | 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 |
|---|---|---|---|---|---|---|
| World | 118.4 | 127.7 | 129.5 | 114.4 | 117.8 | −0.1 |
| Mexico | 44.3 | 42.7 | 44.5 | 37.2 | 38.1 | −3.7 |
| Netherlands | 10.3 | 15.4 | 20.9 | 16.5 | 18.9 | 16.5 |
| Colombia | 9.5 | 16.8 | 17.2 | 17.2 | 16.6 | 14.9 |
| Ireland | 13.9 | 15.5 | 17.5 | 14.5 | 14.0 | 0.2 |
| Chile | 6.7 | 8.1 | 7.1 | 6.3 | 6.6 | −0.3 |
| United States | 16.3 | 13.9 | 5.9 | 3.6 | 4.5 | −27.5 |
| Spain | 3.5 | 4.3 | 3.4 | 3.7 | 3.8 | 2.3 |
| Panama | 0.0 | 0.0 | 0.1 | 3.3 | 2.9 | N/C |
| United Kingdom | 1.0 | 0.2 | 1.7 | 1.8 | 2.4 | 24.2 |
| Canada | 0.8 | 0.7 | 0.5 | 0.3 | 2.2 | 30.8 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate N/C: Not calculable |
||||||
| Country | 2017 | 2018 | 2019 | 2020 | 2021 | Percent Point* change 2017-2021 |
|---|---|---|---|---|---|---|
| Mexico | 37.4 | 33.4 | 34.4 | 32.5 | 32.3 | −13.6 |
| Netherlands | 8.7 | 12.1 | 16.1 | 14.4 | 16.0 | 84.4 |
| Colombia | 8.0 | 13.2 | 13.3 | 15.0 | 14.1 | 75.6 |
| Ireland | 11.7 | 12.1 | 13.5 | 12.7 | 11.9 | 1.2 |
| Chile | 5.7 | 6.3 | 5.5 | 5.5 | 5.6 | −1.0 |
| United States | 13.8 | 10.9 | 4.6 | 3.1 | 3.8 | −72.3 |
| Spain | 3.0 | 3.4 | 2.6 | 3.2 | 3.2 | 9.1 |
| Panama | 0.0 | 0.0 | 0.1 | 2.9 | 2.5 | N/C |
| United Kingdom | 0.8 | 0.2 | 1.3 | 1.6 | 2.0 | 141.2 |
| Canada | 0.7 | 0.5 | 0.4 | 0.3 | 1.9 | 176.4 |
|
Source: Global Trade Tracker, 2022 *Percent Point change: difference between 2021 and 2017 values |
||||||
| 2017 | 2018 | 2019 | 2020 | 2021 | CAGR* % 2017-2021 | |
|---|---|---|---|---|---|---|
| Imports from the world | 118.4 | 127.7 | 129.5 | 114.4 | 117.8 | −0.1 |
| Imports from Canada | 0.8 | 0.7 | 0.5 | 0.3 | 2.2 | 30.8 |
| Supply gap | 117.6 | 127 | 129 | 114.1 | 115.6 | −0.4 |
|
Source: Global Trade Tracker, 2022 *CAGR: Compound Annual Growth Rate |
||||||
For more information
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Resources
- Global Trade Tracker, 2022
Competitive Trade Analysis - Agri-food and Seafood Trends in Peru
Global Analysis Report
Prepared by: Zhiduo Wang, Market Analyst
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