Peru: Concrete Reinforcing Bar Market 2025

Concrete Reinforcing Bar Market Size in Peru

In 2022, the Peruvian concrete reinforcing bar market increased by 3.1% to $X, rising for the fifth consecutive year after four years of decline. In general, consumption recorded a relatively flat trend pattern. Concrete reinforcing bar consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Concrete Reinforcing Bar Exports

Exports from Peru

Concrete reinforcing bar exports from Peru reduced markedly to X tons in 2022, dropping by -36.4% on the previous year's figure. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 83%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, concrete reinforcing bar exports declined significantly to $X in 2022. Overall, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 121%. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

Bolivia (X tons) was the main destination for concrete reinforcing bar exports from Peru, with a 67% share of total exports. Moreover, concrete reinforcing bar exports to Bolivia exceeded the volume sent to the second major destination, Colombia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+46.8% per year) and Chile (+62.7% per year).

In value terms, Bolivia ($X) remains the key foreign market for concrete reinforcing bars exports from Peru, comprising 67% of total exports. The second position in the ranking was held by Colombia ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia amounted to +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+47.0% per year) and Chile (+64.1% per year).

Export Prices by Country

In 2022, the average concrete reinforcing bar export price amounted to $X per ton, with an increase of 17% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 21% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Colombia ($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 (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Reinforcing Bar Imports

Imports into Peru

Concrete reinforcing bar imports into Peru declined rapidly to X tons in 2022, shrinking by -23.9% on the previous year. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 77% against the previous year. As a result, imports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, concrete reinforcing bar imports contracted to $X in 2022. Over the period under review, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +89.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 92% against the previous year. As a result, imports attained the peak of $X, and then shrank modestly in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of concrete reinforcing bar to Peru, accounting for a 66% share of total imports. Moreover, concrete reinforcing bar imports from Turkey exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+9.1% per year) and Mexico (+14.8% per year).

In value terms, Turkey ($X) constituted the largest supplier of concrete reinforcing bars to Peru, comprising 64% of total imports. The second position in the ranking was taken by Brazil ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+7.7% per year) and Mexico (+17.8% per year).

Import Prices by Country

In 2022, the average concrete reinforcing bar import price amounted to $X per ton, surging by 30% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Brazil ($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 (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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