Waxes; Artificial, Prepared Price in Peru - 2021

Contents:

1. Waxes; Artificial, Prepared Price in Peru (CIF) - 2021
2. Waxes; Artificial, Prepared Price in Peru (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Peru
4. Waxes; Artificial, Prepared Exports in Peru

Waxes; Artificial, Prepared Price in Peru (CIF) - 2021

In April 2020, the average waxes; artificial, prepared import price amounted to $2,953 per ton, falling by -19.1% against the previous month. Over the period under review, import price indicated temperate growth from January 2020 to April 2020: its price increased at an average monthly rate of +2.1% over the last three months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2020 figures, waxes; artificial, prepared import price decreased by -31.2% against February 2020 indices. The most prominent rate of growth was recorded in February 2020 an increase of 55% m-o-m. As a result, import price attained the peak level of $4,294 per ton. From March 2020 to April 2020, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In April 2020, the country with the highest price was the United States ($5,680 per ton), while the price for South Korea ($1,288 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 the United States (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Peru (FOB) - 2022

The average waxes; artificial, prepared export price stood at $2,369 per ton in 2022, with a decrease of -14% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 an increase of 30%. The export price peaked at $4,767 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($4,939 per ton), while the average price for exports to Chile ($1,897 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 Guatemala (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Waxes; Artificial, Prepared Imports in Peru

In 2022, approx. 2.3K tons of waxes; artificial, prepared were imported into Peru; flattening at the year before. The total import volume increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 13%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, waxes; artificial, prepared imports contracted to $6.5M in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 4% against the previous year.

Top Suppliers of Waxes; Artificial, Prepared to Peru in 2022:

1. Spain (715.4 tons)
2. Germany (528.4 tons)
3. United States (243.6 tons)
4. South Korea (171.3 tons)
5. Taiwan (Chinese) (139.5 tons)
6. Mexico (120.8 tons)
7. India (71.7 tons)
8. South Africa (65.8 tons)

Waxes; Artificial, Prepared Exports in Peru

In 2022, approx. 118 tons of waxes; artificial, prepared were exported from Peru; increasing by 11% on the previous year's figure. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 923% against the previous year. As a result, the exports reached the peak of 126 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, waxes; artificial, prepared exports contracted to $279K in 2022. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 577% against the previous year.

Top Export Markets for Waxes; Artificial, Prepared from Peru in 2022:

1. Chile (75.6 tons)
2. Ecuador (15.9 tons)
3. Colombia (15.2 tons)
4. Bolivia (7.5 tons)
5. El Salvador (3.3 tons)

Source: IndexBox Market Intelligence Platform