Peru: Agricultural Appliance Market 2025

Agricultural Appliance Market Size in Peru

In 2021, the Peruvian agricultural appliance market decreased by -3.6% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption saw temperate growth. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Agricultural Appliance Exports

Exports from Peru

In 2021, agricultural appliance exports from Peru soared to X units, rising by 74% on the previous year's figure. Over the period under review, exports, however, showed a abrupt decrease. The growth pace was the most rapid in 2019 when exports increased by 229% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, agricultural appliance exports surged to $X in 2021. In general, exports, however, recorded a abrupt downturn. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X units), Colombia (X units) and Aruba (X units) were the main destinations of agricultural appliance exports from Peru, with a combined 95% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of +25.2%), while the other leaders experienced mixed trend patterns.

In value terms, Ecuador ($X) remains the key foreign market for agricultural appliances exports from Peru, comprising 59% of total exports. The second position in the ranking was held by Chile ($X), with a 23% share of total exports. It was followed by Colombia, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador amounted to +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-29.7% per year) and Colombia (-6.1% per year).

Export Prices by Country

In 2021, the average agricultural appliance export price amounted to $X per unit, declining by -6.9% against the previous year. In general, the export price, however, enjoyed modest growth. The growth pace was the most rapid in 2015 an increase of 207%. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Chile ($X per unit), while the average price for exports to Aruba ($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 Chile (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Appliance Imports

Imports into Peru

In 2021, supplies from abroad of agricultural appliances increased by 0.1% to X units, rising for the third year in a row after four years of decline. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 245% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, agricultural appliance imports shrank to $X in 2021. Over the period under review, imports, however, saw a slight reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 55%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of agricultural appliance to Peru, accounting for a 41% share of total imports. Moreover, agricultural appliance imports from China exceeded the figures recorded by the second-largest supplier, Israel (X units), twofold. The third position in this ranking was held by Cyprus (X units), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+8.8% per year) and Cyprus (+40,334.2% per year).

In value terms, the largest agricultural appliance suppliers to Peru were China ($X), Israel ($X) and Spain ($X), together accounting for 53% of total imports. These countries were followed by Brazil, Turkey and Cyprus, which together accounted for a further 18%.

Turkey, with a CAGR of +101.9%, recorded the highest growth rate of 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

In 2021, the average agricultural appliance import price amounted to $X per unit, dropping by -13.6% against the previous year. Overall, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 30% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Brazil ($X per unit), while the price for Cyprus ($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 (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform