Peru: Silicates Market 2024

Silicates Market Size in Peru

The Peruvian silicates market expanded sharply to $X in 2022, picking up by X% against the previous year. In general, the total consumption indicated a measured increase 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, consumption decreased by X% against 2020 indices. Silicates consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Silicates Production in Peru

In value terms, silicates production expanded notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated noticeable growth 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Silicates Exports

Exports from Peru

After two years of growth, overseas shipments of silicates, commercial alkali metal silicates decreased by X% to X tons in 2022. Overall, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, silicates exports shrank to $X in 2022. Over the period under review, exports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X tons) was the main destination for silicates exports from Peru, with a X% share of total exports. Moreover, silicates exports to Ecuador exceeded the volume sent to the second major destination, Bolivia (X tons), threefold.

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

In value terms, Ecuador ($X) remains the key foreign market for silicates, commercial alkali metal silicates exports from Peru, comprising X% of total exports. The second position in the ranking was taken by Bolivia ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average silicates export price amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

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

Silicates Imports

Imports into Peru

In 2022, approx. X tons of silicates, commercial alkali metal silicates were imported into Peru; picking up by X% compared with 2021 figures. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, silicates imports surged to $X in 2022. Over the period under review, imports showed a temperate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil (X tons), the United States (X tons) and China (X tons) were the main suppliers of silicates imports to Peru, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silicates suppliers to Peru were Brazil ($X), the United States ($X) and China ($X), with a combined X% share of total imports.

Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 silicates import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price 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, silicates import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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