Peru: Crawler Dozer Market 2024

Crawler Dozer Market Size in Peru

The Peruvian crawler dozer market declined to $X in 2022, which is down by -5.3% 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). In general, consumption saw a deep slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Crawler Dozer Exports

Exports from Peru

In 2022, shipments abroad of crawler dozers increased by 19% to X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 45% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, crawler dozer exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a deep setback. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Australia (X units) and Bolivia (X units) were the main destinations of crawler dozer exports from Peru, with a combined 53% share of total exports. Chile, Mexico, Guatemala, Colombia, Spain, Ecuador and Panama lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +7.2%), while the other leaders experienced mixed trend patterns.

In value terms, Australia ($X) emerged as the key foreign market for crawler dozers exports from Peru, comprising 48% of total exports. The second position in the ranking was taken by Mexico ($X), with a 15% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Australia amounted to +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-20.3% per year) and the United States (+4.3% per year).

Export Prices by Country

The average crawler dozer export price stood at $X per unit in 2022, with an increase of 42% against the previous year. In general, the export price recorded a measured expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 60%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+633.3%), while the prices for the other major destinations experienced more modest paces of growth.

Crawler Dozer Imports

Imports into Peru

In 2022, supplies from abroad of crawler dozers decreased by -3.1% to X units, falling for the fourth year in a row after two years of growth. Overall, imports showed a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 53% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, crawler dozer imports shrank modestly to $X in 2022. In general, imports faced a drastic downturn. The pace of growth was the most pronounced in 2018 when imports increased by 51% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest crawler dozer supplier to Peru, with a 42% share of total imports. Moreover, crawler dozer imports from Japan exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was taken by Brazil (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan stood at -12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+34.9% per year) and Brazil (-23.8% per year).

In value terms, the largest crawler dozer suppliers to Peru were Japan ($X), Brazil ($X) and Italy ($X), together accounting for 76% of total imports. Ecuador, South Korea, Indonesia, the Netherlands, China, Bolivia, Colombia and the United States lagged somewhat behind, together accounting for a further 16%.

In terms of the main suppliers, South Korea, with a CAGR of +32.0%, recorded 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

The average crawler dozer import price stood at $X per unit in 2022, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2021 an increase of 27%. The import price peaked at $X per unit in 2014; however, from 2015 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 Brazil ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+41.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :