Competitive Trade Analysis – Agri-food and Seafood Trends in Peru

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.

Peru's top ten suppliers of agri-food and seafood. Can$ million
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

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.

Peru's top ten suppliers of agri-food and seafood, % share
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

Canada's agri-food and seafood supply gap, in Can$ millions
  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

Peru 's top-15 agri-food and seafood imports from the world, in Can$ millions
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

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.

Peru's top 8 suppliers of maize or corn, Can$ millions
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

Peru's top 8 suppliers of maize or corn, % share
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

Canada's maize or corn supply gap, Can$ millions
  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

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.

Peru's top 10 suppliers of soya-bean oil, Can$ millions
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

Peru's top 10 suppliers of soya-bean oil, % share
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

Canada's soya-bean oil supply gap, Can$ millions
  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

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.

Peru's top 8 suppliers of soya-bean oilcake, Can$ millions
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

Peru's top 8 suppliers of soya-bean oilcake, % share
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

Canada's soya-bean oilcake supply gap, Can$ millions
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

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.

Peru's top 5 suppliers of wheat and meslin, Can$ millions
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

Peru's top 5 suppliers of wheat and meslin, % share
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

Canada's wheat and meslin supply gap, Can$ millions
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

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.

Peru's top 10 suppliers of food preparations, Can$ millions
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

Peru's top 8 suppliers of food preparations, % share
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

Canada's food preparations supply gap, Can$ millions
  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

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.

Peru's top 10 suppliers of animal feeding preparations, Can$ millions
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

Peru's top 10 suppliers of animal feeding preparations, % share
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

Canada's animal feeding preparations supply gap, Can$ millions
  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

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.

Peru's top 10 suppliers of milk and cream, Can$ millions
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

Peru's top 10 suppliers of milk and cream, % share
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

Canada's milk and cream supply gap, Can$ millions
  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.

Peru's top 10 suppliers of ethyl alcohol, Can$ millions
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

Peru's top 10 suppliers of ethyl alcohol, % share
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

Canada's ethyl alcohol supply gap, Can$ millions
  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.

Peru's top 8 suppliers of soya beans, Can$ millions
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

Peru's top 8 suppliers of soya beans, % share
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

Canada's soya beans supply gap, Can$ millions
  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.

Peru's top 10 suppliers of malt extract, Can$ millions
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

Peru's top 10 suppliers of malt extract, % share
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

Canada's malt extract supply gap, Can$ millions
  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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