Peru: Explosives Market 2022

Explosives Market Size in Peru

In 2021, the Peruvian explosives market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, showed a relatively flat trend pattern. Explosives consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Explosives Production in Peru

In value terms, explosives production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Explosives production peaked at $X in 2020, and then shrank in the following year.

Explosives Exports

Exports from Peru

In 2021, shipments abroad of prepared explosives decreased by -X% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2020, and then contracted in the following year.

In value terms, explosives exports contracted to $X in 2021. Overall, exports, however, recorded resilient growth. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked at $X in 2020, and then dropped slightly in the following year.

Exports by Country

Bolivia (X tons), Ecuador (X tons) and Chile (X tons) were the main destinations of explosives exports from Peru, together accounting for X% of total exports.

From 2012 to 2021, the biggest increases were in Ecuador (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Ecuador ($X) and Bolivia ($X) appeared to be the largest markets for explosives exported from Peru worldwide, together accounting for X% of total exports.

Among the main countries of destination, Chile, with a CAGR of +X%, recorded the highest rates of growth with regard to 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 explosives export price stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2013 an increase of X%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Suriname ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Suriname (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Explosives Imports

Imports into Peru

In 2021, the amount of prepared explosives imported into Peru soared to X tons, rising by X% against 2020. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its volume 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, imports increased by +X% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, explosives imports surged to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Chile (X tons), Bolivia (X tons) and Argentina (X tons) were the main suppliers of explosives imports to Peru, together accounting for X% of total imports. Spain and Colombia lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Colombia (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constituted the largest supplier of explosives to Peru, comprising X% of total imports. The second position in the ranking was held by Bolivia ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Chile was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (+X% per year) and Argentina (+X% per year).

Import Prices by Country

In 2021, the average explosives import price amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the import price recorded a slight shrinkage. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Colombia ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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