This is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 9/30/2019
Overview
Peru’s food processing industry is one of the national economy’s most dynamic sectors, representing over 2.1% of the country’s GDP and over 20% of its industrial GDP.
The food industry in Peru closed 2018 with a growth of 17% compared to the previous year, driven mainly by the good performance of industrial fishing, according to a recent report by the Ministry of Production (Produce). This result, reveals a recovery in the sector, based on the greater production of fishmeal and fish oil; and canned and frozen products (squid, scallop and horse mackerel).
The growing reputation of Peru’s culinary culture has marked an increase in non-perishable foods produced and packaged locally. This new trend is expanding the use of native Peruvian ingredients, such as fruits, peppers and Andean cereals, increasing the attraction and marketability of products. Consumers are slowly shifting towards packaged and prepared foods, as there is a decreased risk of contamination and an increase of product lifespan. Peru’s growing middle class is now willing to pay slightly higher prices for a guarantee of quality products. Products such as cheese, oils, fats, spreads, and baked goods are also benefiting from this shift in consumers’ preferences. According to the Ministry of Production, the food industry would register its highest growth rate of the last six years, driven mainly by the significant growth of fishing, as well as prepared animal feed and mill products.
There are some 3,000 companies in Peru engaged in food processing. This industry generates more than 342 thousand jobs, a figure that represents 22.1% of the Economically Active Population (EAP) occupied in the manufacturing sector and 2.1% in the national occupied EAP. Produce noted that, among the activities with greater participation of the workforce in this industry, the bakery activities, conservation of fruits and vegetables, and industrial fishing stand out.
2018 Import Market Share (% for U.S. and major competitors): Italy 20.10; United States 13.30; Germany 12.43; China 12.37; Spain 7.81; Brazil 5.86; Japan 3.47; Netherlands 2.51; Mexico 2.30
 
 2016201720182019 (Estimated)
Total Local ProductionN/AN/AN/AN/A
Total Exports16.78.612.612.9
Total Imports526.1329.8330.0339.9
Imports from the U.S.44.741.943.945.2
Total Market Size509.4321.2317.4327
Exchange Rates3.383.263.293.40
Unit: USD millions
Total Market Size = (Total Local Production + Imports) - Exports
 Data Source: Global Trade Atlas
 
 
 
 
 
Leading Sub-Sectors
HTS CodeDescription%
842129Filter/Purify Machine & Apparatus For Liquid Nesoi17.2
841869Refrigerating/Freezing Equipment, Nesoi10.5
841989Machine Etc For Mat'L Treatment By Temp Cont Nesoi10.4
842240Packing Or Wrapping Machinery, Nesoi6.3
842290Parts For Machines For Dishwashing, Packing, Etc6.1
843360Mach For Clean/Sort/Grading Eggs/Fruit/Agr Produce5.4
841950Heat Exchange Units, Industrial Type4.8
842230Machinery For Filling, Closing Bottles, Etc4.7
841981Machinery Etc For Making Hot Drinks Cooking Heatng4.2
844130Mac Fr Mak Cart,Box,Case,Tube,Drum Or Cont Ex Mold4.1
844120Machines For Making Paper Bags Etc Or Envelopes3.2
843890Parts Of Mach Of Ch 84, Nesoi,Ind Prep Food,Drink3.1
Opportunities
Best prospects also include fully integrated high technology equipment and machinery for processing and packaging purposes. This includes machinery for temperature treatment, refrigeration and sugar manufacture; machinery for filling, closing, sealing and labeling bottles, cans, bags or other containers; machinery for encapsulating bottles, jars, tubes and similar containers; machinery for aerating beverages, dairy machinery, and heat exchange units; as well as other packing or wrapping machinery. Peruvians prefer U.S. technologies for closing, sealing, and labeling equipment and rigid containers.
Key Industry Events
International Production & Processing Expo IPPE
January 28-30, 2020, Atlanta, Georgia
Part of the US Commerce International Buyers Program
ExpoAlimentaria Peru 2019
September 25-29, 2019 Jockey Exhibitions Center, Lima, Peru
International annual trade show of food and beverages, machinery, equipment, inputs, containers and packaging, services, restaurants, and gastronomy.
Web Resources
Ministerio de la Producción / Ministry of Production (Spanish)
Calle Uno Oeste 60 Urb. Corpac. Lima 27
Tel.: (511) 616-2222
Sociedad Nacional de Industrias (SNI) / Manufacturer’s Society  (Spanish)
Los Laureles 365, San Isidro. Lima 27
Tel.: (511) 616-4444
E-mail: contactenos@sni.org.pe


 
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More Information

Peru Food and Beverage Trade Development and Promotion