Peru: Amino Resin Market 2025

Amino Resin Market Size in Peru

The Peruvian amino resin market contracted slightly to $X in 2022, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Amino resin consumption peaked at $X in 2021, and then declined slightly in the following year.

Amino Resin Exports

Exports from Peru

In 2022, shipments abroad of amino resins increased by 22% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 398%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, amino resin exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 408%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Chile (X tons) was the main destination for amino resin exports from Peru, accounting for a 99% share of total exports. It was followed by Ecuador (X kg), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile totaled +67.0%.

In value terms, Chile ($X) remains the key foreign market for amino resins exports from Peru, comprising 99% of total exports. The second position in the ranking was held by Ecuador ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile totaled +51.7%.

Export Prices by Country

In 2022, the average amino resin export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price, however, saw a slight contraction. The pace of growth was the most pronounced in 2021 when the average export price increased by 21% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external 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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+11.6%).

Amino Resin Imports

Imports into Peru

In 2022, the amount of amino resins imported into Peru expanded to X tons, rising by 1.7% compared with 2021 figures. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 40%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, amino resin imports expanded modestly to $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.5% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The United States (X tons), China (X tons) and Italy (X tons) were the main suppliers of amino resin imports to Peru, with a combined 55% share of total imports. Japan, South Korea, Spain, Canada, Chile, Belgium, Colombia, the Netherlands, Germany and Panama lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +30.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Japan ($X) constituted the largest amino resin suppliers to Peru, together comprising 52% of total imports. Spain, South Korea, Italy, Canada, Germany, Chile, Belgium, Colombia, the Netherlands and Panama lagged somewhat behind, together accounting for a further 36%.

Among the main suppliers, Spain, with a CAGR of +27.8%, saw the highest growth rate of 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

The average amino resin import price stood at $X per ton in 2022, growing by 1.7% against the previous year. Overall, the import price saw a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 27% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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