Peru: Steatite Market 2021

Steatite Market Size in Peru

In 2019, after two years of growth, there was decline in the Peruvian steatite market, when its value decreased by -X% to $X. Over the period under review, consumption, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2014 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2018, and then dropped in the following year.

Steatite Production in Peru

In value terms, steatite production stood at $X in 2019 estimated in export prices. Overall, the total production indicated a pronounced increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% against the previous year. Steatite production peaked at $X in 2017; afterwards, it flattened through to 2019.

Steatite Exports

Exports from Peru

In 2019, shipments abroad of steatites was finally on the rise to reach X tons for the first time since 2016, thus ending a two-year declining trend. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when exports increased by X% y-o-y. As a result, exports reached the peak of X tons. From 2013 to 2019, the growth exports remained at a lower figure.

In value terms, steatite exports amounted to $X in 2019. Over the period under review, total exports indicated a perceptible increase from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

Exports by Country

Ecuador (X tons), Chile (X tons) and Colombia (X tons) were the main destinations of steatite exports from Peru, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for steatite exported from Peru were Ecuador ($X), Chile ($X) and Colombia ($X), with a combined X% share of total exports.

Colombia recorded the highest growth rate of 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 2019, the average steatite export price amounted to $X per ton, approximately mirroring the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2019, export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2019, the highest prices were recorded for prices to Bolivia ($X per ton) and Ecuador ($X per ton), while the average price for exports to Chile ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia, while the prices for the other major destinations experienced more modest paces of growth.

Steatite Imports

Imports into Peru

Steatite imports into Peru dropped to X tons in 2019, which is down by -X% against 2018. Overall, total imports indicated pronounced growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

In value terms, steatite imports reduced to $X in 2019. In general, total imports indicated a prominent increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

Imports by Country

Brazil (X tons), China (X tons) and the U.S. (X tons) were the main suppliers of steatite imports to Peru, together accounting for X% of total imports.

From 2007 to 2019, the biggest increases were in Brazil (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constituted the largest supplier of steatite to Peru, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Brazil totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the U.S. (-X% per year).

Import Prices by Country

In 2019, the average steatite import price amounted to $X per ton, dropping by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2015 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2017; however, from 2018 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Brazil, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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