Peru: Stone Polishing Machine Market 2023

Stone Polishing Machine Market Size in Peru

In 2021, the Peruvian stone polishing machine market decreased by -11.9% to $X, falling for the second year in a row after three years of growth. Overall, consumption saw a deep downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Stone Polishing Machine Exports

Exports from Peru

In 2021, after two years of growth, there was significant decline in shipments abroad of grinding or polishing machines for working stone, ceramics and concrete, when their volume decreased by -62.5% to X units. In general, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 700%. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, stone polishing machine exports reduced remarkably to $X in 2021. Overall, exports saw a deep contraction. The growth pace was the most rapid in 2019 with an increase of 491%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for stone polishing machine exports from Peru, with a approx. 67% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest.

In value terms, Ecuador ($X), Japan ($X) and Chile ($X) constituted the largest markets for stone polishing machine exported from Peru worldwide, together comprising 96% of total exports.

Among the main countries of destination, Ecuador, with a CAGR of +28.9%, saw 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 stone polishing machine export price stood at $X per unit in 2021, with an increase of 16% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 52%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Japan ($X per unit), while the average price for exports to the United States ($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 Germany (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Polishing Machine Imports

Imports into Peru

In 2021, overseas purchases of grinding or polishing machines for working stone, ceramics and concrete decreased by -6% to X units, falling for the second year in a row after three years of growth. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 135% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, stone polishing machine imports declined sharply to $X in 2021. In general, imports recorded a deep setback. The pace of growth appeared the most rapid in 2019 with an increase of 44%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest stone polishing machine supplier to Peru, with a 72% share of total imports. Moreover, stone polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Lithuania (X units), sixfold. The third position in this ranking was held by France (X units), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (-7.3% per year) and France (+1.7% per year).

In value terms, Italy ($X), France ($X) and China ($X) were the largest stone polishing machine suppliers to Peru, with a combined 68% share of total imports.

Among the main suppliers, France, with a CAGR of +96.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average stone polishing machine import price amounted to $X per unit, declining by -16.2% against the previous year. In general, the import price recorded a pronounced decrease. The pace of growth appeared the most rapid in 2016 an increase of 143%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :