Peru: Cement Market 2024

Cement Market Size in Peru

The Peruvian cement market reached $X in 2022, remaining constant against the previous year. Overall, consumption continues to indicate a perceptible contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Cement Production in Peru

In value terms, cement production reached $X in 2022 estimated in export price. Overall, production showed a pronounced downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 6.8% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Cement Exports

Exports from Peru

Cement exports from Peru shrank dramatically to X tons in 2022, reducing by -18.4% compared with 2021 figures. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 58%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, cement exports declined notably to $X in 2022. Over the period under review, exports showed a pronounced contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 62%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for cement exports from Peru, accounting for a 83% share of total exports. Moreover, cement exports to Chile exceeded the volume sent to the second major destination, Bolivia (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile totaled +61.0%.

In value terms, Chile ($X) remains the key foreign market for cement exports from Peru, comprising 74% of total exports. The second position in the ranking was held by Bolivia ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile stood at +46.4%.

Export Prices by Country

The average cement export price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price saw a noticeable slump. The most prominent rate of growth was recorded in 2020 an increase of 3%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Chile stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+1.7%).

Cement Imports

Imports into Peru

In 2022, imports of cement into Peru declined to X tons, with a decrease of -6.9% on 2021. In general, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 59% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, cement imports reduced to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 60% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest cement supplier to Peru, with a 81% share of total imports. Moreover, cement imports from Vietnam exceeded the figures recorded by the second-largest supplier, Chile (X tons), more than tenfold. The third position in this ranking was held by France (X tons), with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam amounted to +62.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+86.3% per year) and France (+96.2% per year).

In value terms, Vietnam ($X) constituted the largest supplier of cement to Peru, comprising 70% of total imports. The second position in the ranking was held by Chile ($X), with a 10% share of total imports. It was followed by Mexico, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam totaled +54.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+75.3% per year) and Mexico (-11.1% per year).

Import Prices by Country

The average cement import price stood at $X per ton in 2022, with an increase of 1.9% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average 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 Mexico ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+30.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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