Peru: Electromagnetic Lifting Head Market 2024

Electromagnetic Lifting Head Market Size in Peru

The Peruvian electromagnetic lifting head market shrank significantly to $X in 2022, declining 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 showed a pronounced shrinkage. Electromagnetic lifting head consumption peaked at $X in 2021, and then declined sharply in the following year.

Electromagnetic Lifting Head Exports

Exports from Peru

In 2022, the amount of electromagnets and electromagnetic lifting heads exported from Peru reduced dramatically to X tons, falling by X% against 2021 figures. Over the period under review, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, electromagnetic lifting head exports contracted sharply to $X in 2022. In general, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

Paraguay (X tons), the United States (X kg) and Denmark (X kg) were the main destinations of electromagnetic lifting head exports from Peru, together accounting for X% of total exports. Chile and Ecuador lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United States ($X) emerged as the key foreign market for electromagnets and electromagnetic lifting heads exports from Peru, comprising X% of total exports. The second position in the ranking was taken by Ecuador ($X), with an 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 United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Chile (X% per year).

Export Prices by Country

In 2022, the average electromagnetic lifting head export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price recorded a noticeable reduction. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

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

Electromagnetic Lifting Head Imports

Imports into Peru

In 2022, supplies from abroad of electromagnets and electromagnetic lifting heads decreased by X% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electromagnetic lifting head imports dropped notably to $X in 2022. Overall, imports showed a mild slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank notably in the following year.

Imports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main suppliers of electromagnetic lifting head imports to Peru, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of electromagnets and electromagnetic lifting heads to Peru, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

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

Import Prices by Country

The average electromagnetic lifting head import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, import price indicated slight 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, electromagnetic lifting head import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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