Peru - Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Peru - Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels - Market Analysis, Forecast, Size, Trends And Insights

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Price for Grease Fittings and Oil Seals in Peru - 2021

Contents:

  1. Price for Grease Fittings and Oil Seals in Peru (CIF) - 2021
  2. Price for Grease Fittings and Oil Seals in Peru (FOB) - 2022
  3. Imports of Grease Fittings and Oil Seals in Peru
  4. Exports of Grease Fittings and Oil Seals in Peru

Price for Grease Fittings and Oil Seals in Peru (CIF) - 2021

The average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $8.3 per unit in April 2020, leveling off at the previous month. Over the period from January 2020 to April 2020, it increased at an average monthly rate of +6.8%. The most prominent rate of growth was recorded in February 2020 an increase of 22% against the previous month. Over the period under review, average import prices attained the peak figure at $8.3 per unit in March 2020, and then dropped slightly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($20.2 per unit), while the price for China ($1.6 per unit) was amongst the lowest.

From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by India (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Grease Fittings and Oil Seals in Peru (FOB) - 2022

The average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $5.2 per unit in 2022, increasing by 11% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average export price increased by 43% against the previous year. As a result, the export price reached the peak level of $6.4 per unit. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($9.8 per unit), while the average price for exports to the UK ($0.9 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+45.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grease Fittings and Oil Seals in Peru

In 2022, imports of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels into Peru reduced rapidly to 3.8M units, dropping by -16.4% compared with the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. As a result, imports attained the peak of 4.5M units, and then declined significantly in the following year.

In value terms, grease fittings and oil seals imports shrank remarkably to $22M in 2022. Overall, imports saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 52% against the previous year. As a result, imports attained the peak of $26M, and then shrank rapidly in the following year.

Import of Grease Fittings and Oil Seals in Peru (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States10.07.411.211.54.8%
Taiwan (Chinese)2.51.53.43.17.4%
Germany2.51.11.71.0-26.3%
China1.92.01.60.9-22.0%
Canada1.00.10.30.5-20.6%
South Korea0.40.30.60.57.7%
Brazil0.70.50.70.4-17.0%
Italy0.80.71.10.4-20.6%
India0.30.20.40.30.0%
Turkey0.20.20.30.20.0%
Japan1.20.81.30.2-45.0%
Thailand0.20.10.30.20.0%
Others2.42.13.22.51.4%
Total24.317.126.021.6-3.9%

Top Suppliers of Grease Fittings and Oil Seals to Peru in 2022:

  1. United States (1600.3K units)
  2. Taiwan (Chinese) (847.2K units)
  3. China (376.6K units)
  4. Germany (146.4K units)
  5. South Korea (127.7K units)
  6. Thailand (107.6K units)
  7. Canada (64.3K units)
  8. Turkey (64.2K units)
  9. Italy (59.6K units)
  10. India (56.2K units)
  11. Brazil (52.6K units)
  12. Japan (12.2K units)

Exports of Grease Fittings and Oil Seals in Peru

In 2022, overseas shipments of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels decreased by -5.7% to 148K units, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +6.6% 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 2020 with an increase of 39%. As a result, the exports attained the peak of 169K units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, grease fittings and oil seals exports expanded modestly to $773K in 2022. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $805K in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Export of Grease Fittings and Oil Seals in Peru (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States394278214193-21.2%
Chile19.548.975.8165103.8%
EgyptN/AN/AN/A57.60%
Mexico12.830.727.755.262.8%
Bolivia44.817.552.047.41.9%
Zambia4.634.857.942.1109.2%
Ecuador53.012817.339.0-9.7%
Indonesia18.625.118.413.5-10.1%
Central African Republic0.91.817.012.3139.1%
Guyana11.85.012.49.0-8.6%
Saudi Arabia3.39.47.35.317.1%
South Korea3.24.83.83.0-2.1%
United Kingdom2.03.32.82.57.7%
Others215217234129-15.7%
Total783805741773-0.4%

Top Export Markets for Grease Fittings and Oil Seals from Peru in 2022:

  1. Chile (36.8K units)
  2. United States (29.1K units)
  3. Mexico (11.9K units)
  4. Ecuador (11.3K units)
  5. Egypt (9.6K units)
  6. Bolivia (7.9K units)
  7. Guyana (5.0K units)
  8. Zambia (4.3K units)
  9. Central African Republic (3.4K units)
  10. Indonesia (2.8K units)
  11. United Kingdom (2.6K units)
  12. Saudi Arabia (2.5K units)
  13. South Korea (2.2K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for grease fittings and oil seals 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 28298400 - Non-automatic lubricating pots, greasing nipples, oil seal rings, hand wheels, levers, hand grips, safety guards and baseplates for machinery

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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