Peru: Aluminium Bar Market Overview 2021

Aluminium Bar Market Size in Peru

The Peruvian aluminium bar market surged to $X in 2019, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Aluminium bar consumption peaked in 2019 and is likely to continue growth in the near future.

Aluminium Bar Exports

Exports from Peru

In 2019, approx. X tonnes of aluminium bars, rods and profiles were exported from Peru; waning by -X% against the previous year's figure. Over the period under review, exports showed a deep reduction. The growth pace was the most rapid in 2009 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, aluminium bar exports contracted remarkably to $X in 2019. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Ecuador (X tonnes), Canada (X tonnes) and Chile (X tonnes) were the main destinations of aluminium bar exports from Peru, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in Canada (+X% per year), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for aluminium bar exported from Peru were Ecuador ($X), Canada ($X) and Chile ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Canada (+X% per year) recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average aluminium bar export price stood at $X per tonne in 2019, growing by X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2011; however, from 2012 to 2019, export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2019, the country with the highest price was Chile ($X per tonne), while the average price for exports to Ecuador ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Chile, while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Bar Imports

Imports into Peru

For the third consecutive year, Peru recorded growth in supplies from abroad of aluminium bars, rods and profiles, which increased by X% to X tonnes in 2019. Over the period under review, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked in 2019 and are likely to see steady growth in the immediate term.

In value terms, aluminium bar imports skyrocketed to $X in 2019. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure in 2019 and are expected to retain growth in the near future.

Imports by Country

In 2019, China (X tonnes) was the main supplier of aluminium bar to Peru, accounting for a X% share of total imports. It was followed by Spain (X tonnes), with a X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from China amounted to +X%.

In value terms, China ($X) constituted the largest supplier of aluminium bar to Peru, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from China totaled +X%.

Import Prices by Country

The average aluminium bar import price stood at $X per tonne in 2019, waning by -X% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2011 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2008; however, from 2009 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Spain ($X per tonne), while the price for China amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium bars, rods and profiles in the world?

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The countries with the highest volumes of aluminium bar consumption in 2019 were China (5.1M tonnes), the U.S. (2.9M tonnes) and Brazil (1.2M tonnes), with a combined 49% share of global consumption.

What are the largest producers of aluminium bars, rods and profiles in the world?

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China (6.1M tonnes) constituted the country with the largest volume of aluminium bar production, accounting for 31% of total volume. Moreover, aluminium bar production in China exceeded the figures recorded by the second-largest producer, the U.S. (2.9M tonnes), twofold. Brazil (1.2M tonnes) ranked third in terms of total production with a 6.2% share.

What are the leading suppliers of aluminium bars, rods and profiles to Peru?

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In value terms, China ($49M) constituted the largest supplier of aluminium bar to Peru, comprising 90% of total imports. The second position in the ranking was occupied by Spain ($2.3M), with a 4.3% share of total imports.

What are the leading importers of aluminium bars, rods and profiles from Peru?

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In value terms, Ecuador ($68K), Canada ($54K) and Chile ($7.9K) constituted the largest markets for aluminium bar exported from Peru worldwide, together comprising 99% of total exports.

What is the average export price for aluminium bars, rods and profiles in Peru?

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In 2019, the average aluminium bar export price amounted to $4,790 per tonne, growing by 6% against the previous year.

What is the average import price for aluminium bars, rods and profiles in Peru?

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In 2019, the average aluminium bar import price amounted to $2,994 per tonne, reducing by -5.4% against the previous year.