Australia has its eye on Peru’s beef market
04/11/2019
In 2018, imports accounted for only 2% of beef consumption in Peru, the report found, and Brazil, Bolivia and the US had a combined share of more than 80% of those imports. However, it also found that consumption of high-quality meat is likely to go up in Peru as the population and the economy grow.
It said that imported beef is likely to increase in volume by 82% in 2019. By 2023, demand will be 135% of the 2019 figure.
Most higher-quality beef comes into Peru at the moment from the US, Uruguay and Argentina, according to the report.
It concluded that Australia will have the chance to gain a share of the Peruvian beef market thanks to both countries being signatories to the Comprehensive and Progressive TransPacific Partnership(CPTPP) agreement and a bilateral free trade agreement. These agreements will lead to the elimination of tariffs.
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