Peru: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2024

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Peru

For the fourth consecutive year, the Peruvian market for non-electronic instruments for measuring or checking variables of liquids or gases recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, saw a remarkable increase. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports from Peru

For the third year in a row, Peru recorded growth in shipments abroad of non-electronic instruments for measuring or checking variables of liquids or gases, which increased by X% to X units in 2022. Over the period under review, exports, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electronic liquid or gas measurer exports surged to $X in 2022. Overall, exports, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for non-electronic liquid or gas measurer exports from Peru, accounting for a X% share of total exports. Moreover, non-electronic liquid or gas measurer exports to the United States exceeded the volume sent to the second major destination, Mexico (X units), twofold. Nicaragua (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Nicaragua (X% per year).

In value terms, the largest markets for non-electronic liquid or gas measurer exported from Peru were the United States ($X), Mexico ($X) and Guatemala ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Guatemala, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for non-electronic instruments for measuring or checking variables of liquids or gases stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price posted slight growth. The pace of growth appeared the most rapid 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 lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Panama ($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 Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports into Peru

In 2022, overseas purchases of non-electronic instruments for measuring or checking variables of liquids or gases decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at X units in 2021, and then shrank slightly in the following year.

In value terms, non-electronic liquid or gas measurer imports expanded remarkably to $X in 2022. Over the period under review, 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 2016 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-electronic liquid or gas measurer to Peru, with a X% share of total imports. Moreover, non-electronic liquid or gas measurer imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Italy (X units) 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 stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Italy (X% per year).

In value terms, the largest non-electronic liquid or gas measurer suppliers to Peru were the United States ($X), China ($X) and Italy ($X), together accounting for X% of total imports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to 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 import price for non-electronic instruments for measuring or checking variables of liquids or gases stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price, however, faced a abrupt slump. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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