Peru: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2023

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Peru

In 2021, the Peruvian market for machine-tools for working stone, ceramics, and concrete increased by 113% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a resilient increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Peru

In 2021, approx. X units of machine-tools for working stone, ceramics, and concrete were exported from Peru; which is down by -80.3% against 2020 figures. In general, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 370% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, machine tools for working stone exports skyrocketed to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 571%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) and Chile (X units) were the main destinations of machine tools for working stone exports from Peru.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of 0.0%).

In value terms, the United States ($X) emerged as the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Peru, comprising 90% of total exports. The second position in the ranking was taken by Chile ($X), with a 9.6% share of total exports.

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

Export Prices by Country

The average export price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2021, surging by 491% against the previous year. Over the period under review, the export price recorded significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Chile totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+19.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Peru

In 2021, purchases abroad of machine-tools for working stone, ceramics, and concrete increased by 108% to X units, rising for the second consecutive year after three years of decline. Overall, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine tools for working stone imports skyrocketed to $X in 2021. Over the period under review, imports posted a measured increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X units), China (X units) and the United States (X units) were the main suppliers of machine tools for working stone imports to Peru, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +31.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to Peru, comprising 66% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by Brazil, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.5% per year) and Brazil (+18.4% per year).

Import Prices by Country

The average import price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2021, which is down by -6.7% against the previous year. Over the period under review, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 128% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood 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 ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+11.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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