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Peru - Worked Articles of Wax - Market Analysis, Forecast, Size, Trends and Insights
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Peru: Worked Wax Articles Market 2022

Worked Wax Articles Market Size in Peru

The Peruvian worked wax articles market skyrocketed to $X in 2021, rising by 19% against the previous year. Over the period under review, consumption, however, saw a slight setback. Worked wax articles consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Worked Wax Articles Production in Peru

In value terms, worked wax articles production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a slight downturn. The pace of growth appeared the most rapid in 2019 when the production volume increased by 62% against the previous year. Worked wax articles production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Worked Wax Articles Exports

Exports from Peru

In 2021, exports of worked articles of wax from Peru soared to X units, increasing by 43% on the previous year. In general, exports showed notable growth. The pace of growth appeared the most rapid in 2019 with an increase of 122%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, worked wax articles exports skyrocketed to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 138%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Argentina (X units), the United States (X units) and Ecuador (X units) were the main destinations of worked wax articles exports from Peru, with a combined 80% share of total exports. These countries were followed by Panama, Colombia and Bolivia, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of +103.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for worked wax articles exports from Peru, comprising 52% of total exports. The second position in the ranking was taken by Argentina ($X), with an 18% share of total exports. It was followed by Panama, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+49.2% per year) and Panama (+59.1% per year).

Export Prices by Country

In 2021, the average worked wax articles export price amounted to $X per unit, with an increase of 2.9% against the previous year. In general, the export price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 20% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Argentina ($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 Brazil (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Wax Articles Imports

Imports into Peru

Worked wax articles imports into Peru surged to X units in 2021, increasing by 52% compared with the previous year's figure. Overall, imports, however, saw a mild shrinkage. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, worked wax articles imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period 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 2013 when imports increased by 43%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Mexico (X units), China (X units) and Colombia (X units) were the main suppliers of worked wax articles imports to Peru, with a combined 73% share of total imports. Argentina, Brazil, India and the United States lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2021, the biggest increases were in Argentina (with a CAGR of +56.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest worked wax articles suppliers to Peru were Colombia ($X), China ($X) and Brazil ($X), together accounting for 74% of total imports. Mexico, the United States, India and Argentina lagged somewhat behind, together comprising a further 26%.

Argentina, with a CAGR of +290.7%, saw the highest rates of growth with regard to the value of imports, in terms of 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 worked wax articles import price stood at $X per unit in 2021, waning by -13.5% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, worked wax articles import price decreased by -17.3% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 25% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

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 ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for worked articles of wax in the world?
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The countries with the highest volumes of consumption in 2021 were China, the United States and Spain, with a combined 39% share of global consumption. These countries were followed by India, Japan, Russia, Germany, Pakistan, Indonesia, Brazil, the UK, Belgium and Ethiopia, which together accounted for a further 34%.
What are the largest producers of worked articles of wax in the world?
+
The country with the largest volume of worked wax articles production was China, accounting for 25% of total volume. Moreover, worked wax articles production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 9.2% share.
What are the leading suppliers of worked articles of wax to Peru?
+
In value terms, Colombia, China and Brazil constituted the largest worked wax articles suppliers to Peru, together comprising 74% of total imports. These countries were followed by Mexico, the United States, India and Argentina, which together accounted for a further 26%.
What are the leading importers of worked articles of wax from Peru?
+
In value terms, the United States emerged as the key foreign market for worked wax articles exports from Peru, comprising 52% of total exports. The second position in the ranking was taken by Argentina, with an 18% share of total exports. It was followed by Panama, with a 12% share.
What is the average export price for worked articles of wax in Peru?
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In 2021, the average worked wax articles export price amounted to $10 per unit, picking up by 2.9% against the previous year.
What is the average import price for worked articles of wax in Peru?
+
In 2021, the average worked wax articles import price amounted to $14 per unit, reducing by -13.5% against the previous year.

This report provides an in-depth analysis of the worked wax articles market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 32995940 - Worked vegetable or mineral..., moulded... articles of wax, s tearin,
Country coverage:
• Peru

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Peru
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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