Peru: Railway Track Fixture Market 2024

Railway Track Fixture Market Size in Peru

In 2022, the Peruvian railway track fixture market decreased by X% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption faced a abrupt decline. Railway track fixture consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Railway Track Fixture Exports

Exports from Peru

In 2022, shipments abroad of railway or tramway track fixtures and fittings decreased by X% to X kg, falling for the third year in a row after two years of growth. Over the period under review, exports saw a deep reduction. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, railway track fixture exports declined notably to $X in 2022. Overall, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X kg) was the main destination for railway track fixture exports from Peru, accounting for a X% share of total exports. Moreover, railway track fixture exports to Colombia exceeded the volume sent to the second major destination, Spain (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Colombia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Bolivia (X% per year).

In value terms, Colombia ($X) remains the key foreign market for railway or tramway track fixtures and fittings exports from Peru, comprising X% of total exports. The second position in the ranking was held by Bolivia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (X% per year) and Spain (X% per year).

Export Prices by Country

The average railway track fixture export price stood at $X per ton in 2022, leveling off at the previous year. Overall, the export price showed a drastic downturn. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. 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.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Railway Track Fixture Imports

Imports into Peru

In 2022, purchases abroad of railway or tramway track fixtures and fittings decreased by X% to X tons, falling for the fourth year in a row after two years of growth. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, railway track fixture imports shrank dramatically to $X in 2022. Over the period under review, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of railway track fixture to Peru, with a X% share of total imports. Moreover, railway track fixture imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Brazil (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Brazil (X% per year).

In value terms, Italy ($X), Brazil ($X) and China ($X) were the largest railway track fixture suppliers to Peru, with a combined X% share of total imports.

Among the main suppliers, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average railway track fixture import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price saw a slight descent. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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