Peru: Alcohols Market 2021

Alcohols Market Size in Peru

In 2020, the Peruvian alcohols market decreased by -X% to $X, falling for the second year in a row after three years of growth. Overall, the total consumption indicated noticeable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Alcohols consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Alcohols Exports

Exports from Peru

In 2020, the amount of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives exported from Peru fell to X tons, with a decrease of -X% compared with the previous year. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2010; however, from 2011 to 2020, exports remained at a lower figure.

In value terms, alcohols exports shrank slightly to $X in 2020. Overall, exports, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% year-to-year. Exports peaked at $X in 2010; however, from 2011 to 2020, exports failed to regain the momentum.

Exports by Country

China (X tons) was the main destination for alcohols exports from Peru, with a X% share of total exports. Moreover, alcohols exports to China exceeded the volume sent to the second major destination, Ecuador (X tons), twofold. The U.S. (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+X% per year) and the U.S. (-X% per year).

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

China (+X% per year) recorded the highest growth rate of the value of exports, in terms of 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

The average alcohols export price stood at $X per ton in 2020, with an increase of X% against the previous year. Over the period under review, export price indicated a mild increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, alcohols export price decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2008 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($X per ton), while the average price for exports to the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2020, 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 a decline.

Alcohols Imports

Imports into Peru

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were imported into Peru; increasing by X% on 2019. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum in 2020 and are likely to see steady growth in years to come.

In value terms, alcohols imports declined to $X in 2020. Over the period under review, total imports indicated a moderate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Trinidad and Tobago (X tons) constituted the largest supplier of alcohols to Peru, accounting for a X% share of total imports. Moreover, alcohols imports from Trinidad and Tobago exceeded the figures recorded by the second-largest supplier, Brazil (X tons), sevenfold. The third position in this ranking was occupied by China (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Trinidad and Tobago stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and China (+X% per year).

In value terms, the largest alcohols suppliers to Peru were the U.S. ($X), Trinidad and Tobago ($X) and China ($X), with a combined X% share of total imports.

Among the main suppliers, Trinidad and Tobago (+X% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the import price saw a perceptible downturn. The growth pace was the most rapid in 2008 an increase of X% against the previous year. The import price peaked at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while the price for Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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