Peru: Mercury Market 2022

Mercury Market Size in Peru

In 2021, after seven years of decline, there was significant growth in the Peruvian mercury market, when its value increased by X% to $X. Overall, consumption, however, recorded a abrupt descent. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Mercury Production in Peru

In value terms, mercury production fell slightly to $X in 2021 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then contracted in the following year.

Mercury Exports

Exports from Peru

In 2021, approx. X tonnes of mercuries were exported from Peru; picking up by X% on the year before. Overall, exports saw buoyant growth. The exports peaked at X tonnes in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, mercury exports surged to $X in 2021. In general, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2019 indices. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tonnes) and the United States (X tonnes) were the main destinations of mercury exports from Peru.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +X value terms, the United States ($X) remains the key foreign market for mercury exports from Peru, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +X%.

Export Prices by Country

In 2021, the average mercury export price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price reached the peak level of $X per tonne, and then shrank sharply in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($X per tonne), while the average price for exports to India stood at $X per tonne.

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

Mercury Imports

Imports into Peru

In 2021, purchases abroad of mercuries was finally on the rise to reach X tonnes after seven years of decline. In general, imports, however, continue to indicate a precipitous setback. Imports peaked at X tonnes in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, mercury imports soared to $X in 2021. Overall, imports, however, recorded a significant decline. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tonnes) constituted the largest supplier of mercury to Peru, accounting for a X% share of total imports. Moreover, mercury imports from Spain exceeded the figures recorded by the second-largest supplier, Japan (X tonnes), fourfold. The United States (X tonnes) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and the United States (-X% per year).

In value terms, the largest mercury suppliers to Peru were Spain ($X), the United States ($X) and Kyrgyzstan ($X), together accounting for X% of total imports.

Kyrgyzstan, with a CAGR of -X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average mercury import price stood at $X per tonne in 2021, jumping by X% against the previous year. Overall, the import price, however, showed a drastic downturn. The import price peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Kyrgyzstan ($X per tonne), while the price for Japan ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform