Peru: Truck Crane Market 2022

Truck Crane Market Size in Peru

The Peruvian truck crane market soared to $X in 2021, jumping by 43% 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 saw a resilient expansion. Truck crane consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Truck Crane Exports

Exports from Peru

In 2021, approx. X units of truck cranes were exported from Peru; declining by -66.7% against the year before. Over the period under review, exports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 200% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020, and then declined rapidly in the following year.

In value terms, truck crane exports surged to $X in 2021. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2014 when exports increased by 505%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units) and Guyana (X units) were the main destinations of truck crane exports from Peru. Moreover, truck crane exports in Colombia exceeded the figures recorded by the second-largest exporter, Guyana, twofold.

From 2014 to 2021, the biggest increases were in Colombia (with a CAGR of +10.4%).

In value terms, Colombia ($X) emerged as the key foreign market for truck crane exports from Peru, comprising 92% of total exports. The second position in the ranking was taken by Guyana ($X), with a 7% share of total exports.

From 2014 to 2021, the average annual growth rate of value to Colombia totaled +52.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (-15.5% per year) and Chile (-39.8% per year).

Export Prices by Country

In 2021, the average truck crane export price amounted to $X per unit, increasing by 313% against the previous year. In general, the export price showed a resilient expansion. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Colombia ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+58,560.3%), while the prices for the other major destinations experienced mixed trend patterns.

Truck Crane Imports

Imports into Peru

In 2021, imports of truck cranes into Peru soared to X units, growing by 17% against the year before. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by 269% against the previous year. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, truck crane imports soared to $X in 2021. Overall, imports recorded a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 142% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of truck crane to Peru, with a 40% share of total imports. Moreover, truck crane imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +44.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.7% per year) and Germany (+17.7% per year).

In value terms, Germany ($X) constituted the largest supplier of truck crane to Peru, comprising 64% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by the United States, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+37.8% per year) and the United States (+10.1% per year).

Import Prices by Country

In 2021, the average truck crane import price amounted to $X per unit, increasing by 25% against the previous year. Over the period under review, the import price posted temperate growth. The most prominent rate of growth was recorded in 2019 an increase of 179%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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