Peru: Stone Sawing Machine Market 2023

Stone Sawing Machine Market Size in Peru

After two years of growth, the Peruvian stone sawing machine market decreased by -23.4% to $X in 2021. Overall, consumption enjoyed a buoyant expansion. As a result, consumption reached the peak level of $X, and then shrank remarkably in the following year.

Stone Sawing Machine Exports

Exports from Peru

In 2021, overseas shipments of sawing machines for working stone, ceramics and concrete increased by 150% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports continue to indicate strong growth. The growth pace was the most rapid in 2013 when exports increased by 267%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, stone sawing machine exports soared to $X in 2021. Overall, exports recorded a mild expansion. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units), Chile (X units) and Ecuador (X units) were the main destinations of stone sawing machine exports from Peru.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +8.0%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Ecuador ($X) and Mexico ($X) constituted the largest markets for stone sawing machine exported from Peru worldwide, together comprising 78% of total exports. These countries were followed by Colombia and Bolivia, which together accounted for a further 22%.

Colombia, with a CAGR of +17.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average stone sawing machine export price amounted to $X per unit, jumping by 34% against the previous year. Overall, the export price, however, showed a noticeable contraction. The growth pace was the most rapid in 2014 an increase of 65%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Sawing Machine Imports

Imports into Peru

In 2021, purchases abroad of sawing machines for working stone, ceramics and concrete increased by 4.2% to X units, rising for the fifth year in a row after three years of decline. Over the period under review, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2013 when imports increased by 77% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, stone sawing machine imports declined remarkably to $X in 2021. Overall, imports saw a slight expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 127% against the previous year. As a result, imports reached the peak of $X, and then fell dramatically in the following year.

Imports by Country

In 2021, China (X units) constituted the largest stone sawing machine supplier to Peru, with a 80% share of total imports. Moreover, stone sawing machine imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+15.3% per year) and the United States (-13.0% per year).

In value terms, China ($X) constituted the largest supplier of sawing machines for working stone, ceramics and concrete to Peru, comprising 57% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.0% per year) and South Korea (+6.5% per year).

Import Prices by Country

In 2021, the average stone sawing machine import price amounted to $X per unit, waning by -47.1% against the previous year. In general, the import price showed a abrupt contraction. The pace of growth was the most pronounced in 2016 when the average import price increased by 39%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, 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 the United States ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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