Peru: Cyclic Hydrocarbons Market 2024

Cyclic Hydrocarbons Market Size in Peru

After two years of growth, the Peruvian cyclic hydrocarbons market decreased by X% to $X in 2022. Over the period under review, consumption continues to indicate a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cyclic Hydrocarbons Exports

Exports from Peru

After four years of growth, shipments abroad of cyclic hydrocarbons decreased by X% to X tons in 2022. Overall, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then plummeted in the following year.

In value terms, cyclic hydrocarbons exports expanded slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Ecuador (X tons) was the main destination for cyclic hydrocarbons exports from Peru, accounting for a X% share of total exports. Moreover, cyclic hydrocarbons exports to Ecuador exceeded the volume sent to the second major destination, Bolivia (X tons), twofold. Chile (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (X% per year) and Chile (X% per year).

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

Chile, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cyclic hydrocarbons export price amounted to $X per ton, picking up by X% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cyclic hydrocarbons export price increased by X% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Ecuador ($X 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 Bolivia (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Cyclic Hydrocarbons Imports

Imports into Peru

After two years of growth, supplies from abroad of cyclic hydrocarbons decreased by X% to X tons in 2022. Over the period under review, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cyclic hydrocarbons imports totaled $X in 2022. Overall, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of cyclic hydrocarbons to Peru, with a X% share of total imports. Moreover, cyclic hydrocarbons imports from the United States exceeded the figures recorded by the second-largest supplier, Colombia (X tons), sevenfold. The third position in this ranking was taken by Brazil (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Brazil (X% per year).

In value terms, the United States ($X) constituted the largest supplier of cyclic hydrocarbons to Peru, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Brazil, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the average cyclic hydrocarbons import price amounted to $X per ton, rising by X% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cyclic hydrocarbons import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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