Report Update: May 1, 2024

Peru - Cranks And Crankshafts - Market Analysis, Forecast, Size, Trends And Insights

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Cranks and Crankshafts Price in Peru - 2021

Cranks and Crankshafts Price in Peru (CIF) - 2021

In April 2020, the average cranks and crankshafts import price amounted to $14,798 per ton, falling by -38.8% against the previous month. Overall, import price indicated a temperate expansion from January 2020 to April 2020: its price increased at an average monthly rate of +2.6% over the last three-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2020 figures, cranks and crankshafts import price decreased by -38.8% against March 2020 indices. The pace of growth was the most pronounced in February 2020 when the average import price increased by 39% against the previous month. The import price peaked at $24,177 per ton in March 2020, and then dropped notably in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Canada ($140K per ton), while the price for China ($3,234 per ton) was amongst the lowest.

From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by Canada (+102.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Cranks and Crankshafts Price in Peru (FOB) - 2022

In 2022, the average cranks and crankshafts export price amounted to $18,921 per ton, waning by -8.1% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cranks and crankshafts export price increased by +8.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 21%. Over the period under review, the average export prices reached the peak figure at $30,338 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($38,464 per ton), while the average price for exports to Honduras ($12,698 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks and Crankshafts Imports in Peru

In 2022, the amount of cranks and crankshafts imported into Peru shrank to 1.6K tons, with a decrease of -12.7% compared with 2021. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. As a result, imports attained the peak of 1.8K tons, and then reduced in the following year.

In value terms, cranks and crankshafts imports reduced to $22M in 2022. Overall, imports recorded a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, imports reached the peak of $25M, and then declined in the following year.

Import of Cranks and Crankshafts in Peru (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	7.9	8.6	8.7	7.5	-1.7%
China	3.1	3.5	5.2	4.5	13.2%
Germany	3.5	1.4	1.8	1.9	-18.4%
India	1.5	1.2	2.0	1.8	6.3%
Brazil	1.1	0.8	1.7	1.5	10.9%
Italy	0.6	0.8	1.0	0.8	10.1%
South Korea	0.3	0.3	0.5	0.4	10.1%
Others	5.3	3.4	3.7	3.9	-9.7%
Total	23.4	20.1	24.7	22.4	-1.4%

Top Suppliers of Cranks and Crankshafts to Peru in 2022:

China (782.0 tons)
United States (225.5 tons)
India (172.0 tons)
Brazil (97.4 tons)
Germany (93.3 tons)
Italy (36.3 tons)
South Korea (30.6 tons)

Cranks and Crankshafts Exports in Peru

In 2022, shipments abroad of cranks and crankshafts increased by 2.6% to 53 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a precipitous descent.

In value terms, cranks and crankshafts exports reduced to $1M in 2022. In general, exports, however, faced a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 13% against the previous year.

Export of Cranks and Crankshafts in Peru (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	942	523	601	618	-13.1%
Chile	241	61.3	56.3	107	-23.7%
Ecuador	19.5	3.7	36.8	33.7	20.0%
Colombia	9.7	6.3	32.5	29.7	45.2%
Honduras	5.1	4.8	23.6	21.5	61.5%
Bolivia	34.4	14.7	13.2	18.6	-18.5%
Free Zones	N/A	N/A	84.3	N/A	0%
Japan	44.1	N/A	N/A	N/A	0%
Vietnam	N/A	17.6	N/A	N/A	0%
Panama	N/A	171	1.5	N/A	-99.1%
Denmark	69.1	N/A	N/A	N/A	0%
South Africa	165	N/A	N/A	N/A	0%
Canada	N/A	24.8	62.5	N/A	152.0%
Others	340	118	157	178	-19.4%
Total	1,870	945	1,069	1,007	-18.6%

Top Export Markets for Cranks and Crankshafts from Peru in 2022:

United States (40.2 tons)
Chile (4.7 tons)
Honduras (1.7 tons)
Bolivia (0.9 tons)
Ecuador (0.9 tons)
Colombia (0.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cranks and crankshafts market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28152230 - Cranks and crankshafts
Prodcom 28152250 - Cardan shafts
Prodcom 28152270 - Other shafts

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023