Peru: Transportation Vehicle Body Market 2024

Transportation Vehicle Body Market Size in Peru

The Peruvian transportation vehicle body market declined to $X in 2022, dropping by -6.9% against the previous year. Over the period under review, consumption, however, enjoyed a strong expansion. Transportation vehicle body consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Transportation Vehicle Body Production in Peru

In value terms, transportation vehicle body production reduced to $X in 2022 estimated in export price. Overall, production, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 50% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Transportation Vehicle Body Exports

Exports from Peru

In 2022, exports of bodies for motor vehicles for the transporting people from Peru shrank markedly to X units, waning by -39.1% against the previous year's figure. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 375% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, transportation vehicle body exports declined rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 69,297% against the previous year. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

Panama (X units) was the main destination for transportation vehicle body exports from Peru, accounting for a 86% share of total exports. Moreover, transportation vehicle body exports to Panama exceeded the volume sent to the second major destination, Bolivia (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Panama totaled +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-29.3% per year) and Chile (0.0% per year).

In value terms, Panama ($X) remains the key foreign market for bodies for motor vehicles for the transporting people exports from Peru, comprising 100% of total exports. The second position in the ranking was held by Chile ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama totaled +44.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+1.3% per year) and Bolivia (-37.9% per year).

Export Prices by Country

In 2022, the average transportation vehicle body export price amounted to $X per unit, dropping by -17.7% against the previous year. Over the period under review, the export price, however, recorded significant growth. The pace of growth was the most pronounced in 2021 an increase of 14,986%. As a result, the export price attained the peak level of $X per unit, and then dropped notably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Bolivia ($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 Panama (+13.0%), while the prices for the other major destinations experienced mixed trend patterns.

Transportation Vehicle Body Imports

Imports into Peru

In 2022, after two years of growth, there was significant decline in supplies from abroad of bodies for motor vehicles for the transporting people, when their volume decreased by -9.2% to X units. Over the period under review, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of 284% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, transportation vehicle body imports contracted to $X in 2022. Overall, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 375%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X units) constituted the largest supplier of transportation vehicle body to Peru, with a 81% share of total imports. Moreover, transportation vehicle body imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. The third position in this ranking was held by Chile (X units), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil stood at +55.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.4% per year) and Chile (-26.0% per year).

In value terms, the largest transportation vehicle body suppliers to Peru were Chile ($X), Brazil ($X) and China ($X), together comprising 88% of total imports.

Brazil, with a CAGR of +103.8%, saw 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 more modest paces of growth.

Import Prices by Country

The average transportation vehicle body import price stood at $X per unit in 2022, with a decrease of -5.4% against the previous year. Overall, the import price saw a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 24%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+271.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :