Peru: International demand for olive oil grows

Published 2024년 6월 4일

Tridge summary

Global sales of fats and oils are projected to reach $253.8 billion in 2024 and $327.3 billion by 2028, with edible oils being the largest category. However, the production of main vegetable oils, excluding olive oil, is much higher due to palm oil's dominance. The price of olive oil has significantly increased due to lower supply caused by adverse climatic factors. In 2023, Peruvian exports of fats and oils reached $443.1 million, with Chile being the main destination. Peruvian olive oil exports experienced good growth in 2023 but saw a decrease in the first quarter of 2024.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

06/04/2024 Global sales of fats and oils for cooking or as ingredients in nutritional products are growing significantly, and it is estimated that this year they would reach $253.8 billion, an amount equivalent to 2.5% of the estimated global food turnover. Miguel De la Vega Polanco Periodistamdelavega@editoraperu.com.pe Miguel De la Vega Polanco Periodistamdelavega@editoraperu.com.pe Miguel De la Vega Polanco Periodistamdelavega@editoraperu.com.pe Journalist mdelavega@editoraperu.com.pe Likewise, it is expected that these products would achieve sales of 327.3 billion dollars by 2028, which would mean an average annual growth of 6.6% in the period 2024-2028, according to a report from the Global Economy and Business Research Center of the Association of Exporters of Peru (Cien -Adex). Of this sector, the category "edible oils", those that are extracted from plants for use in gastronomy and food preparation, would concentrate the largest share. "In 2025, this item would reach ...

Source: PEelperuano