Peru: Machinery Electrical Parts Market 2024

Machinery Electrical Parts Market Size in Peru

The Peruvian machinery electrical parts market shrank to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Machinery electrical parts consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Machinery Electrical Parts Production in Peru

In value terms, machinery electrical parts production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Machinery Electrical Parts Exports

Exports from Peru

Machinery electrical parts exports from Peru declined sharply to X kg in 2022, which is down by X% on the previous year's figure. Over the period under review, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, machinery electrical parts exports fell dramatically to $X in 2022. Overall, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for machinery electrical parts exports from Peru, accounting for a X% share of total exports. Moreover, machinery electrical parts exports to the Netherlands exceeded the volume sent to the second major destination, Chile (X kg), sixfold. The third position in this ranking was taken by Mexico (X kg), with a X% share.

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

In value terms, the Netherlands ($X) remains the key foreign market for electrical parts of machinery or apparatus exports from Peru, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Chile (X% per year).

Export Prices by Country

The average machinery electrical parts export price stood at $X per ton in 2022, flattening at the previous year. Overall, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the 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 Mexico ($X per ton), while the average price for exports to Panama ($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 Mexico (X%), while the prices for the other major destinations experienced mixed trend patterns.

Machinery Electrical Parts Imports

Imports into Peru

Machinery electrical parts imports into Peru shrank notably to X tons in 2022, with a decrease of X% compared with the previous year's figure. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, machinery electrical parts imports fell significantly to $X in 2022. Overall, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Chile (X tons) and Spain (X kg) were the main suppliers of machinery electrical parts imports to Peru, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and Chile ($X) constituted the largest machinery electrical parts suppliers to Peru, together comprising X% of total imports.

Chile, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average machinery electrical parts import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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