Peru: Construction Sands Market 2024

Construction Sands Market Size in Peru

The Peruvian construction sands market rose modestly to $X in 2022, picking up by 2.8% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Construction Sands Production in Peru

In value terms, construction sands production expanded slightly to $X in 2022 estimated in export price. In general, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 26%. Construction sands production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Construction Sands Exports

Exports from Peru

In 2022, the amount of construction sands exported from Peru shrank sharply to X tons, dropping by -25.7% compared with 2021 figures. Over the period under review, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2019 with an increase of 2,185%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, construction sands exports reduced notably to $X in 2022. Overall, exports faced a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of 2,041% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Free Zones (X tons) was the main destination for construction sands exports from Peru, accounting for a 100% share of total exports. It was followed by Chile (X kg), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Free Zones stood at -13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-46.4% per year) and the United States (-70.8% per year).

In value terms, Free Zones ($X) remains the key foreign market for construction sands exports from Peru, comprising 81% of total exports. The second position in the ranking was held by Chile ($X), with a 7.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones amounted to +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-20.2% per year) and the United States (-37.3% per year).

Export Prices by Country

In 2022, the average construction sands export price amounted to $X per ton, rising by 2.2% against the previous year. In general, the export price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 an increase of 90% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the 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 ($X per ton), while the average price for exports to Free Zones ($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 the United States (+114.6%), while the prices for the other major destinations experienced more modest paces of growth.

Construction Sands Imports

Imports into Peru

In 2022, the amount of construction sands imported into Peru fell dramatically to X tons, reducing by -20% on 2021. Over the period under review, imports continue to indicate a slight shrinkage. The growth pace was the most rapid in 2017 when imports increased by 250% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, construction sands imports dropped markedly to $X in 2022. Overall, imports recorded a perceptible slump. The growth pace was the most rapid in 2017 with an increase of 161%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Turkey (X tons) and China (X tons) were the main suppliers of construction sands imports to Peru, together comprising 86% of total imports. Spain and Canada lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +147.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of construction sands to Peru, comprising 36% of total imports. The second position in the ranking was held by Spain ($X), with a 15% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-0.0% per year) and China (-1.4% per year).

Import Prices by Country

The average construction sands import price stood at $X per ton in 2022, waning by -10.5% against the previous year. In general, the import price saw a slight reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 52% 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 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 Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+35.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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