Peru: Market for Turbo, Rotary and Reciporating Displacement Compressors 2024

Market Size for Turbo, Rotary and Reciporating Displacement Compressors in Peru

After two years of growth, the Peruvian market for turbo, rotary and reciporating displacement compressors decreased by -12.2% to $X in 2022. In general, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +53.4% against 2019 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Exports of Turbo, Rotary and Reciporating Displacement Compressors

Exports from Peru

In 2022, overseas shipments of turbo, rotary and reciporating displacement compressors were finally on the rise to reach X units after two years of decline. In general, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 294% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of turbo, rotary and reciporating displacement compressors rose remarkably to $X in 2022. Overall, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 207%. Over the period under review, the exports of reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for exports of turbo, rotary and reciporating displacement compressors from Peru, accounting for a 79% share of total exports. Moreover, exports of turbo, rotary and reciporating displacement compressors to the United States exceeded the volume sent to the second major destination, Belgium (X units), ninefold. The third position in this ranking was taken by Chile (X units), with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+17.8% per year) and Chile (+1.3% per year).

In value terms, the United States ($X) remains the key foreign market for turbo, rotary and reciporating displacement compressors exports from Peru, comprising 72% of total exports. The second position in the ranking was held by Mexico ($X), with a 6.3% share of total exports. It was followed by Chile, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+19.1% per year) and Chile (+4.4% per year).

Export Prices by Country

In 2022, the average export price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, almost unchanged from the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for turbo, rotary and reciporating displacement compressors decreased by -33.2% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 72%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo, Rotary and Reciporating Displacement Compressors

Imports into Peru

In 2022, overseas purchases of turbo, rotary and reciporating displacement compressors decreased by -14% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 95%. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, imports of turbo, rotary and reciporating displacement compressors reduced to $X in 2022. Overall, imports recorded a perceptible decline. The growth pace was the most rapid in 2016 with an increase of 44%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of turbo, rotary and reciporating displacement compressor to Peru, accounting for a 93% share of total imports. It was followed by the United States (X units), with a 1.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.1% per year) and Brazil (-7.4% per year).

In value terms, the largest turbo, rotary and reciporating displacement compressor suppliers to Peru were China ($X), the United States ($X) and Brazil ($X), with a combined 50% share of total imports.

Among the main suppliers, China, with a CAGR of +11.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for turbo, rotary and reciporating displacement compressors amounted to $X per unit, growing by 5.4% against the previous year. In general, the import price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 34% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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