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Peru’s food processing industry is a dynamic sector of the national economy. The food industry in Peru accounts for almost 27 percent of the industrial gross domestic product. The sector rebounded from a slight drop in 2020, achieving a 9.8 percent growth in 2021. U.S.-origin food processing ingredient exports to Peru reached $196 million in 2021.

Peruvian wheat production in MY 2022/2023 is forecast at 220,000 MT. Wheat imports in MY 2022/2023 are forecast at 2.25 MMT. Corn production in MY 2022/2023 is forecast at 1.7 MMT.

Fishmeal exports reached a surprising 1.2 million metric tons (MMT) in MY 2021, the highest amount in ten years. However, production and exports are forecast to return to more normal levels at 910,000 and 896,000 metric tons, respectively.

Peru is the third largest export market for U.S. agricultural products in South America. For over a decade, Peru has been one of the world’s top performing economies, registering sustained high growth accompanied by low inflation.

This report identifies Peru’s import requirements for (foreign) export certificates. Current procedures are highlighted and relevant agencies with oversight of these issues are identified.

This report outlines Peru’s regulatory requirements for food and agricultural product imports and updates and replaces the 2020 report. Agricultural imports into Peru have returned to a growing pace with respect 2020 and there are no significant trade issues.

Milk production in calendar year (CY) 2021 is estimated at 2.2 MMT, an increase of three percent compared to the previous year.

On February 2021, Peru extended the previous ten-year biotechnology moratorium for another fifteen years. Similar to the previous moratorium, Peru has yet to notify the measure to the World Trade Organization. In general, biotechnology remains misunderstood by the public in Peru.

Grape exports are forecast to reach a record of 510,000 metric tons (MT) in marketing year (MY) 2021/2022, six percent higher than the previous year.

Peruvian ethanol production in 2021 is forecast at 215 million liters, approximately the same level compared to the previous year.

Peru is an internationally recognized gastronomic hub with opportunities for imported complementary food products.

Peru’s food retail market is adapting to the economic hardships and realities arising from the Covid-19 pandemic.