Price for Tractors; (Other than Tractors of Heading No 8709) in Peru - 2022

Contents:

1. Price for Tractors; (Other than Tractors of Heading No 8709) in Peru (CIF) - 2022
2. Price for Tractors; (Other than Tractors of Heading No 8709) in Peru (FOB) - 2022
3. Imports of Tractors; (Other than Tractors of Heading No 8709) in Peru
4. Exports of Tractors; (Other than Tractors of Heading No 8709) in Peru

Price for Tractors; (Other than Tractors of Heading No 8709) in Peru (CIF) - 2022

In 2022, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $47,192 per unit, picking up by 14% against the previous year. Over the period under review, the import price, however, showed a mild setback. The pace of growth appeared the most rapid in 2018 an increase of 60% against the previous year. Over the period under review, average import prices reached the maximum at $67,217 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($99,363 per unit), while the price for Japan ($11,028 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tractors; (Other than Tractors of Heading No 8709) in Peru (FOB) - 2022

In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $18,621 per unit, falling by -17.5% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 184%. As a result, the export price attained the peak level of $40,937 per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($61,696 per unit), while the average price for exports to Canada ($1 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 Belgium (+45.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tractors; (Other than Tractors of Heading No 8709) in Peru

Imports of tractors; (other than tractors of heading no 8709)s into Peru rose slightly to 8.1K units in 2022, picking up by 3.8% on the previous year's figure. Overall, imports showed a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 78% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of tractors; (other than tractors of heading no 8709)s surged to $382M in 2022. Over the period under review, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 107%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Peru in 2022:

1. China (2972.0 units)
2. Brazil (1550.0 units)
3. Mexico (1432.0 units)
4. Italy (637.0 units)
5. Japan (352.0 units)
6. India (273.0 units)
7. Germany (221.0 units)
8. United States (34.0 units)

Exports of Tractors; (Other than Tractors of Heading No 8709) in Peru

Exports of tractors; (other than tractors of heading no 8709)s from Peru expanded sharply to 17 units in 2022, increasing by 13% against the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 106% against the previous year. As a result, the exports reached the peak of 35 units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of tractors; (other than tractors of heading no 8709)s declined to $317K in 2022. In general, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 485% against the previous year. As a result, the exports attained the peak of $1.4M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Peru in 2022:

1. Ecuador (2.0 units)
2. Canada (1.0 units)
3. Georgia (1.0 units)
4. Italy (1.0 units)
5. Colombia (1.0 units)
6. Mexico (1.0 units)
7. Panama (1.0 units)
8. Guyana (1.0 units)
9. Australia (1.0 units)
10. Chile (1.0 units)
11. Belgium (1.0 units)
12. Japan (1.0 units)
13. Bolivia (1.0 units)

Source: IndexBox Market Intelligence Platform