Peru: Circuit Breaker Market 2024

Circuit Breaker Market Size in Peru

In 2022, after four years of growth, there was significant decline in the Peruvian circuit breaker market, when its value decreased by -6.4% to $X. Over the period under review, consumption showed a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Circuit Breaker Exports

Exports from Peru

After two years of decline, overseas shipments of automatic circuit breakers increased by 24% to X units in 2022. In general, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 2,016% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, circuit breaker exports contracted slightly to $X in 2022. Overall, exports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of 471%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Trinidad and Tobago (X units) was the main destination for circuit breaker exports from Peru, accounting for a 46% share of total exports. Moreover, circuit breaker exports to Trinidad and Tobago exceeded the volume sent to the second major destination, Colombia (X units), sixfold. The third position in this ranking was held by Hungary (X units), with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to Trinidad and Tobago totaled +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-6.5% per year) and Hungary (+0.4% per year).

In value terms, Trinidad and Tobago ($X) remains the key foreign market for automatic circuit breakers exports from Peru, comprising 43% of total exports. The second position in the ranking was held by the United States ($X), with a 9.7% share of total exports. It was followed by Hungary, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value to Trinidad and Tobago totaled +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+10.5% per year) and Hungary (-4.2% per year).

Export Prices by Country

The average circuit breaker export price stood at $X per unit in 2022, with a decrease of -21.6% against the previous year. In general, the export price, however, saw a remarkable increase. The pace of growth was the most pronounced in 2016 an increase of 106% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Honduras ($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 Ecuador (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Circuit Breaker Imports

Imports into Peru

In 2022, after six years of growth, there was significant decline in purchases abroad of automatic circuit breakers, when their volume decreased by -9.1% to X units. Overall, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, circuit breaker imports fell modestly to $X in 2022. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 18% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of circuit breaker to Peru, with a 52% share of total imports. Moreover, circuit breaker imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. The third position in this ranking was taken by France (X units), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+18.0% per year) and France (+0.7% per year).

In value terms, Italy ($X), China ($X) and France ($X) constituted the largest circuit breaker suppliers to Peru, with a combined 48% share of total imports.

Italy, with a CAGR of +10.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average circuit breaker import price amounted to $X per unit, increasing by 4.9% against the previous year. Overall, the import price, however, continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2013 an increase of 18% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 the United States (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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