Peru: Machinery For Packing Market 2024

Machinery For Packing Market Size in Peru

In 2022, the Peruvian machinery for packing market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption recorded a remarkable increase. Machinery for packing consumption peaked in 2022 and is likely to continue growth in years to come.

Machinery For Packing Exports

Exports from Peru

In 2022, shipments abroad of machinery for packing or wrapping was finally on the rise to reach X units after four years of decline. In general, exports recorded buoyant growth. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, machinery for packing exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed measured growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

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

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

In value terms, Ecuador ($X) emerged as the key foreign market for machinery for packing or wrapping exports from Peru, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

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

Export Prices by Country

The average machinery for packing export price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the export price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced a decline.

Machinery For Packing Imports

Imports into Peru

In 2022, overseas purchases of machinery for packing or wrapping increased by X% to X units, rising for the third consecutive year after two years of decline. Overall, imports showed a resilient expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, machinery for packing imports dropped dramatically to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X units), Italy (X units) and China (X units) were the main suppliers of machinery for packing imports to Peru, with a combined X% share of total imports. Germany, India, Brazil, Japan, the United States, Chile and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, Spain ($X), Italy ($X) and China ($X) appeared to be the largest machinery for packing suppliers to Peru, with a combined X% share of total imports. The United States, Brazil, Germany, Japan, India, the Netherlands and Chile lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average machinery for packing import price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 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 the United States ($X per unit), while the price for Chile ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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