Peru: Brakes And Servo-Brakes Market 2025

Brakes And Servo-Brakes Market Size in Peru

The Peruvian brakes and servo-brakes market plummeted to $X in 2022, with a decrease of -15.3% 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, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +22.5% against 2020 indices. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.

Brakes And Servo-Brakes Exports

Exports from Peru

In 2022, the amount of brakes and servo-brakes exported from Peru fell markedly to X tons, shrinking by -29.9% against the year before. Over the period under review, exports showed a mild reduction. The pace of growth was the most pronounced in 2021 when exports increased by 155% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, brakes and servo-brakes exports declined dramatically to $X in 2022. In general, exports, however, recorded a modest increase. The most prominent rate of growth was recorded in 2021 when exports increased by 112% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Bolivia (X tons), Colombia (X tons) and Chile (X tons) were the main destinations of brakes and servo-brakes exports from Peru, with a combined 74% share of total exports. Spain, Ecuador, Panama and the United States lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +52.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for brakes and servo-brakes exported from Peru were Bolivia ($X), Chile ($X) and Colombia ($X), with a combined 72% share of total exports. Ecuador, Spain, the United States and Panama lagged somewhat behind, together comprising a further 17%.

Spain, with a CAGR of +51.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average brakes and servo-brakes export price stood at $X per ton in 2022, increasing by 5% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 23%. As a result, the export price reached the peak level of $X per ton. From 2021 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 ($X per ton), while the average price for exports to Panama ($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 Bolivia (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Brakes And Servo-Brakes Imports

Imports into Peru

In 2022, brakes and servo-brakes imports into Peru fell rapidly to X tons, reducing by -15.8% against 2021 figures. In general, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +25.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. As a result, imports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, brakes and servo-brakes imports shrank remarkably to $X in 2022. Overall, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +23.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 46%. As a result, imports attained the peak of $X, and then dropped markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of brakes and servo-brakes to Peru, accounting for a 51% share of total imports. Moreover, brakes and servo-brakes imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Mexico (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+5.9% per year) and Mexico (+1.8% per year).

In value terms, China ($X), the United States ($X) and Mexico ($X) were the largest brakes and servo-brakes suppliers to Peru, with a combined 55% share of total imports. Brazil, Germany, South Korea, Singapore, India, Turkey and Japan lagged somewhat behind, together comprising a further 30%.

In terms of the main suppliers, Singapore, with a CAGR of +70.5%, 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

In 2022, the average brakes and servo-brakes import price amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, saw a perceptible reduction. The growth pace was the most rapid in 2020 when the average import price increased by 8.5%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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