Peru: Metal Cutting Shear Market 2024

Metal Cutting Shear Market Size in Peru

In 2022, after two years of growth, there was significant decline in the Peruvian metal cutting shear market, when its value decreased by X% to $X. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Metal cutting shear consumption peaked at $X in 2021, and then declined significantly in the following year.

Metal Cutting Shear Exports

Exports from Peru

In 2022, overseas shipments of metal cutting shears and similar hand tools increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal cutting shear exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Panama (X tons) was the main destination for metal cutting shear exports from Peru, with a X% share of total exports. Moreover, metal cutting shear exports to Panama exceeded the volume sent to the second major destination, Chile (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Panama totaled X%.

In value terms, Panama ($X) emerged as the key foreign market for metal cutting shears and similar hand tools exports from Peru, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama totaled X%.

Export Prices by Country

In 2022, the average metal cutting shear export price amounted to $X per ton, shrinking by X% against the previous year. In general, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Chile stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (X%).

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Metal Cutting Shear Imports

Imports into Peru

In 2022, supplies from abroad of metal cutting shears and similar hand tools decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, metal cutting shear imports dropped to $X in 2022. In general, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest metal cutting shear supplier to Peru, with a X% share of total imports. Moreover, metal cutting shear imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), sevenfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of metal cutting shears and similar hand tools to Peru, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Germany (X% per year).

Import Prices by Country

The average metal cutting shear import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform

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