Report Update Apr 1, 2024

Peru - Natural Bitumen and Asphalt - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Market for Natural Bitumen and Asphalt 2024

Market Size for Natural Bitumen and Asphalt in Peru

In 2022, after three years of growth, there was significant decline in the Peruvian natural bitumen and asphalt market, when its value decreased by X% to $X. Overall, consumption, however, saw a relatively flat trend pattern. Natural bitumen and asphalt consumption peaked at $X in 2021, and then reduced in the following year.

Production of Natural Bitumen and Asphalt in Peru

In value terms, natural bitumen and asphalt production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Exports of Natural Bitumen and Asphalt

Exports from Peru

After three years of decline, shipments abroad of natural bitumen and asphalt increased by X% to X tons in 2022. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, natural bitumen and asphalt exports soared to $X in 2022. Over the period under review, exports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bolivia (X tons) was the main destination for natural bitumen and asphalt exports from Peru, accounting for a X% share of total exports. It was followed by Ecuador (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Bolivia amounted to X%.

In value terms, Bolivia ($X) remains the key foreign market for natural bitumen and asphalt exports from Peru, comprising X% of total exports. The second position in the ranking was held by Ecuador ($X), with less than X% share of total exports.

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

Export Prices by Country

The average natural bitumen and asphalt export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, recorded a mild setback. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Ecuador totaled $X per ton.

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

Imports of Natural Bitumen and Asphalt

Imports into Peru

In 2022, approx. X tons of natural bitumen and asphalt were imported into Peru; reducing by X% compared with 2021. Over the period under review, imports, however, posted significant growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, natural bitumen and asphalt imports dropped dramatically to $X in 2022. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then shrank notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest natural bitumen and asphalt supplier to Peru, with a X% share of total imports. Moreover, natural bitumen and asphalt imports from China exceeded the figures recorded by the second-largest supplier, Chile (X tons), twofold. The third position in this ranking was held by Argentina (X tons), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of natural bitumen and asphalt to Peru, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

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

Import Prices by Country

In 2022, the average natural bitumen and asphalt import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, showed a mild descent. The import price peaked at $X per ton in 2012; however, from 2013 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 China ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for natural bitumen and asphalt in the world?

The countries with the highest volumes of consumption in 2023 were Venezuela, Canada and Kazakhstan, with a combined 86% share of global consumption.

What are the largest producers of natural bitumen and asphalt in the world?

The countries with the highest volumes of production in 2022 were Venezuela, Canada and Kazakhstan, with a combined 85% share of global production.

What are the leading suppliers of natural bitumen and asphalt to Peru?

In value terms, China constituted the largest supplier of natural bitumen and asphalt to Peru, comprising 71% of total imports. The second position in the ranking was taken by Chile, with a 26% share of total imports. It was followed by Argentina, with a 2.1% share.

What are the leading importers of natural bitumen and asphalt from Peru?

In value terms, Bolivia remains the key foreign market for natural bitumen and asphalt exports from Peru, comprising 99.9% of total exports. The second position in the ranking was held by Ecuador $30), with less than 0.1% share of total exports.

What is the average export price for natural bitumen and asphalt in Peru?

In 2022, the average natural bitumen and asphalt export price amounted to $663 per ton, rising by 25% against the previous year.

What is the average import price for natural bitumen and asphalt in Peru?

The average natural bitumen and asphalt import price stood at $1,840 per ton in 2022, jumping by 37% against the previous year.

This report provides an in-depth analysis of the market for natural bitumen and asphalt in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08991000 - Natural bitumen and natural asphalt, asphaltites and asphaltic rocks

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023