Potato Chips Market Overview in Peru
In value terms, potato chips production expanded rapidly to $ in 2019 estimated in export prices. Overall, production saw prominent growth. The growth pace was the most rapid in 2011 when the production volume increased by % year-to-year. Potato chips production peaked in 2019 and is expected to retain growth in years to come.
The value of the potato chips market in Peru expanded significantly to $ in 2019, growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a prominent expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2014 indices. The most prominent rate of growth was recorded in 2011 with an increase of % y-o-y. Potato chips consumption peaked in 2019 and is expected to retain growth in the near future.