Peru: Market for Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment 2024

Market Size for Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Peru

The Peruvian market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment totaled $X in 2022, increasing by 2.5% against the previous year. Overall, consumption, however, showed buoyant growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment in Peru

In value terms, production of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment amounted to $X in 2022 estimated in export price. In general, production, however, showed buoyant growth. The growth pace was the most rapid in 2015 when the production volume increased by 60% against the previous year. Production of peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment

Exports from Peru

In 2022, overseas shipments of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment decreased by -23.5% to X tons, falling for the third year in a row after four years of growth. Overall, exports, however, saw a strong increase. The pace of growth was the most pronounced in 2019 with an increase of 790%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment fell to $X in 2022. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 392% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Chile (X kg) and Ecuador (X kg) were the main destinations of exports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment from Peru, together accounting for 99.9% of total exports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +72.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) emerged as the key foreign market for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment exports from Peru, comprising 68% of total exports. The second position in the ranking was held by Chile ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +80.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+88.6% per year) and Ecuador (-14.5% per year).

Export Prices by Country

In 2022, the average export price for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment amounted to $X per ton, growing by 17% against the previous year. Over the period under review, the export price showed a remarkable increase. The pace of growth was the most pronounced in 2014 an increase of 164% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment

Imports into Peru

In 2022, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment into Peru skyrocketed to X tons, with an increase of 35% against 2021. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 382% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment reduced to $X in 2022. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 334% against the previous year. Imports peaked at $X in 2021, and then reduced modestly in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment to Peru, accounting for a 89% share of total imports. It was followed by China (X tons), with a 2.7% share of total imports. The third position in this ranking was held by Turkey (X tons), with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +83.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+87.7% per year) and Turkey (+35.4% per year).

In value terms, Spain ($X) constituted the largest supplier of reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment to Peru, comprising 93% of total imports. The second position in the ranking was held by Ecuador ($X), with a 3.1% share of total imports. It was followed by China, with a 0.9% share.

From 2012 to 2022, the average annual growth rate of value from Spain amounted to +86.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+62.7% per year) and China (+101.9% per year).

Import Prices by Country

In 2022, the average import price for reservoirs, tanks, vats and similar containers, of aluminium, capacity exceeding 300l, without mechanical or thermal equipment amounted to $X per ton, shrinking by -26.3% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 73% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted markedly in the following year.

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 Ecuador ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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