Key Market Indicators
Peruvian consumption of soybeans is set to reach 51,680 metric tons in 2026, a 1.2% year-on-year rise from 48,000 metric tons in 2021. Since 2017, Peruvian demand has grown 1.4% annually. In 2021, North Korea overtook Peru at 48,000 metric tons. Vietnam, Japan and Pakistan were numbers 2, 3 and 4 in this ranking. Meanwhile, Peruvian soybean production is projected to reach 869,200 metric tons in 2026, a 6.5% year-on-year decrease from 1,280,000 metric tons in 2021. Since 1966, Peruvian supply has dropped 1.3% each year. In 2021, Honduras overtook Peru at 1,280,000 metric tons. The United States, Argentina and China were numbers 2, 3 and 4 in this ranking.
