Peru: Plaster Article Market 2024

Plaster Article Market Size in Peru

The Peruvian plaster article market reduced dramatically to $X in 2021, declining by -57.1% against 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). Over the period under review, consumption continues to indicate a dramatic decline. Plaster article consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Plaster Article Exports

Exports from Peru

For the sixth consecutive year, Peru recorded growth in overseas shipments of articles of plaster or of compositions based on plaster, which increased by 64% to X tons in 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 87% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, plaster article exports skyrocketed to $X in 2021. Overall, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 60%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Bolivia (X tons) was the main destination for plaster article exports from Peru, with a 87% share of total exports. Moreover, plaster article exports to Bolivia exceeded the volume sent to the second major destination, Chile (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia totaled +79.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+12.2% per year) and Ecuador (+95.0% per year).

In value terms, Bolivia ($X) remains the key foreign market for plaster article exports from Peru, comprising 78% of total exports. The second position in the ranking was taken by Chile ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia stood at +77.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+2.5% per year) and Ecuador (+61.2% per year).

Export Prices by Country

In 2021, the average plaster article export price amounted to $X per ton, shrinking by -7.2% against the previous year. In general, the export price faced a deep setback. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ecuador ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (-1.2%), while the prices for the other major destinations experienced a decline.

Plaster Article Imports

Imports into Peru

In 2021, the amount of articles of plaster or of compositions based on plaster imported into Peru declined markedly to X tons, falling by -23.1% against 2020. Overall, imports recorded a precipitous descent. The pace of growth appeared the most rapid in 2020 when imports increased by 37%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, plaster article imports fell notably to $X in 2021. Over the period under review, imports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2018 with an increase of 38% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of plaster article to Peru, with a 74% share of total imports. Moreover, plaster article imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold. The third position in this ranking was taken by Colombia (X tons), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +54.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-37.1% per year) and Colombia (-35.2% per year).

In value terms, China ($X) constituted the largest supplier of plaster article to Peru, comprising 68% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by Canada, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +52.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.1% per year) and Canada (-22.9% per year).

Import Prices by Country

In 2021, the average plaster article import price amounted to $X per ton, picking up by 2.1% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 38% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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