Peru: Crawler Tractor Market 2024

Crawler Tractor Market Size in Peru

In 2021, the Peruvian crawler tractor market increased by 21% to $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, saw a pronounced setback. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Crawler Tractor Production in Peru

In value terms, crawler tractor production rose notably to $X in 2021 estimated in export price. In general, production, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2016 with an increase of 24% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Crawler Tractor Exports

Exports from Peru

In 2021, approx. X units of crawler tractors were exported from Peru; with a decrease of -50% against the previous year's figure. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by 276% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, crawler tractor exports declined remarkably to $X in 2021. Overall, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2017 when exports increased by 292%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X units), Mexico (X units) and Italy (X units) were the main destinations of crawler tractor exports from Peru. Moreover, crawler tractor exports in Australia exceeded the figures recorded by the second-largest exporter, Mexico, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +8.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for crawler tractor exported from Peru were Chile ($X), Australia ($X) and Italy ($X), with a combined 59% share of total exports.

Chile, with a CAGR of +83.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crawler tractor export price stood at $X per unit in 2021, with an increase of 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.

Crawler Tractor Imports

Imports into Peru

In 2021, imports of crawler tractors into Peru skyrocketed to X units, growing by 633% compared with 2020 figures. In general, imports, however, showed a abrupt shrinkage. Imports peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, crawler tractor imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a deep reduction. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X units) constituted the largest supplier of crawler tractor to Peru, with a 45% share of total imports. Moreover, crawler tractor imports from India exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by the United States (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.0% per year) and the United States (-13.8% per year).

In value terms, the United States ($X) constituted the largest supplier of crawler tractors to Peru, comprising 59% of total imports. The second position in the ranking was taken by Brazil ($X), with an 18% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+0.7% per year) and India (+18.2% per year).

Import Prices by Country

The average crawler tractor import price stood at $X per unit in 2021, surging by 44% against the previous year. In general, the import price, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2016 when the average import price increased by 146% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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