Peru: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2022

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Peru

In 2021, after two years of decline, there was significant growth in the Peruvian market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps, when its value increased by 24% to $X. Over the period under review, consumption, however, continues to indicate a perceptible descent. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Peru

In 2021, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Peru skyrocketed to X units, with an increase of 1,430% compared with the year before. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps skyrocketed to $X in 2021. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile (X units) was the main destination for exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Peru, with a 98% share of total exports. It was followed by the United States (X units), with a 1.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Chile amounted to +100.7%.

In value terms, Chile ($X) emerged as the key foreign market for hydraulic pump (gear or vane) and other rotary positive displacement pump exports from Peru, comprising 98% of total exports. The second position in the ranking was held by the United States ($X), with a 1.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Chile stood at +95.3%.

Export Prices by Country

In 2021, the average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, picking up by 150% against the previous year. Overall, the export price, however, continues to indicate a noticeable curtailment. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Chile amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-1.6%).

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Peru

In 2021, approx. X units of hydraulic pumps (gear or vane) and other rotary positive displacement pumps were imported into Peru; picking up by 50% compared with the year before. Over the period under review, imports, however, showed a slight reduction. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps surged to $X in 2021. In general, imports, however, saw a pronounced descent. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplier to Peru, accounting for a 73% share of total imports. Moreover, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold. The third position in this ranking was held by the United States (X units), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+10.1% per year) and the United States (-10.3% per year).

In value terms, the largest hydraulic pump (gear or vane) and other rotary positive displacement pump suppliers to Peru were the United States ($X), Germany ($X) and China ($X), together accounting for 64% of total imports. Brazil, Italy and Thailand lagged somewhat behind, together accounting for a further 13%.

Among the main suppliers, Thailand, with a CAGR of +8.8%, saw 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 import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, declining by -7.4% against the previous year. Over the period under review, the import price showed a slight curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 26% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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