Peru: Base Metal Keys Market 2024

Base Metal Keys Market Size in Peru

The Peruvian base metal keys market stood at $X in 2022, with an increase of 5.2% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Base Metal Keys Production in Peru

In value terms, base metal keys production fell to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 8.1%. Base metal keys production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Base Metal Keys Exports

Exports from Peru

In 2022, approx. X tons of base metal keys were exported from Peru; waning by -20.4% on 2021 figures. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, base metal keys exports reduced markedly to $X in 2022. Overall, exports saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 86%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons), Ecuador (X tons) and Bolivia (X tons) were the main destinations of base metal keys exports from Peru, with a combined 78% share of total exports. Brazil, the Dominican Republic, Colombia and Costa Rica lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (with a CAGR of +7.1%), while the other leaders experienced mixed trend patterns.

In value terms, Chile ($X), Ecuador ($X) and Bolivia ($X) appeared to be the largest markets for base metal keys exported from Peru worldwide, together comprising 81% of total exports. Brazil, the Dominican Republic, Colombia and Costa Rica lagged somewhat behind, together comprising a further 14%.

Among the main countries of destination, Costa Rica, with a CAGR of +7.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average base metal keys export price amounted to $X per ton, falling by -3.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 an increase of 10% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Brazil ($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 Chile (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Keys Imports

Imports into Peru

Base metal keys imports into Peru shrank markedly to X tons in 2022, which is down by -19.5% on 2021. Over the period under review, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2019 when imports increased by 187%. Over the period under review, imports hit record highs at X tons in 2021, and then reduced remarkably in the following year.

In value terms, base metal keys imports reduced sharply to $X in 2022. In general, imports, however, continue to indicate a pronounced increase. The most prominent rate of growth was recorded in 2019 when imports increased by 109%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), Mexico (X tons) and China (X tons) were the main suppliers of base metal keys imports to Peru, together accounting for 93% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +90.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal keys suppliers to Peru were Italy ($X), Mexico ($X) and China ($X), with a combined 77% share of total imports.

Italy, with a CAGR of +75.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average base metal keys import price amounted to $X per ton, increasing by 2.7% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the average import price increased by 23% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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