Peru: Market for Ceramic Wares For Laboratory Or Technical Uses 2024

Market Size for Ceramic Wares For Laboratory Or Technical Uses in Peru

For the fifth year in a row, the Peruvian market for ceramic wares for laboratory or technical uses recorded growth in sales value, which increased by 13% to $X in 2022. Overall, consumption enjoyed a tangible increase. Consumption of peaked in 2022 and is likely to see steady growth in years to come.

Exports of Ceramic Wares For Laboratory Or Technical Uses

Exports from Peru

In 2022, exports of ceramic wares for laboratory or technical uses from Peru soared to X kg, with an increase of 95% against the previous year's figure. In general, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 689%. Over the period under review, the exports of hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of ceramic wares for laboratory or technical uses soared to $X in 2022. Overall, exports, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 742% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for exports of ceramic wares for laboratory or technical uses from Peru, with a 66% share of total exports. Moreover, exports of ceramic wares for laboratory or technical uses to the United States exceeded the volume sent to the second major destination, Colombia (X kg), fourfold. The third position in this ranking was held by Chile (X kg), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+34.2% per year) and Chile (-20.8% per year).

In value terms, the largest markets for ceramic wares for laboratory or technical uses exported from Peru were Mexico ($X), the United States ($X) and Colombia ($X), together comprising 95% of total exports.

Colombia, with a CAGR of +0.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for ceramic wares for laboratory or technical uses stood at $X per ton in 2022, which is down by -40.5% against the previous year. Over the period under review, the export price saw a drastic downturn. The growth pace was the most rapid in 2015 an increase of 103% against the previous year. Over the period under review, the average export prices hit record highs 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Chile ($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 Guatemala (+100.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ceramic Wares For Laboratory Or Technical Uses

Imports into Peru

Imports of ceramic wares for laboratory or technical uses into Peru expanded notably to X tons in 2022, surging by 15% on 2021 figures. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 68% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of ceramic wares for laboratory or technical uses amounted to $X in 2022. Overall, imports posted a temperate expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 49%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

South Africa (X tons), South Korea (X tons) and China (X tons) were the main suppliers of imports of ceramic wares for laboratory or technical uses to Peru, together accounting for 70% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +46.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of ceramic wares for laboratory or technical uses to Peru, comprising 59% of total imports. The second position in the ranking was taken by the United States ($X), with a 10% share of total imports. It was followed by South Africa, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.0% per year) and South Africa (+15.0% per year).

Import Prices by Country

The average import price for ceramic wares for laboratory or technical uses stood at $X per ton in 2022, dropping by -2.3% against the previous year. In general, the import price showed a perceptible descent. The pace of growth was the most pronounced in 2021 when the average import price increased by 41%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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