Peru: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Peru

In 2021, the Peruvian agricultural product dryer market decreased by less than 0.1% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption recorded a noticeable decline. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Agricultural Product Dryer Production in Peru

In value terms, agricultural product dryer production declined to $X in 2021 estimated in export price. Overall, production saw a abrupt shrinkage. The growth pace was the most rapid in 2015 with an increase of 37% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Agricultural Product Dryer Exports

Exports from Peru

In 2021, after three years of decline, there was significant growth in overseas shipments of dryers for the treatment of agricultural products, when their volume increased by 338% to X units. In general, exports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 1,117% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, agricultural product dryer exports soared to $X in 2021. Overall, exports, however, saw a sharp decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 2,354%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Venezuela (X units) was the main destination for agricultural product dryer exports from Peru, accounting for a 69% share of total exports. Moreover, agricultural product dryer exports to Venezuela exceeded the volume sent to the second major destination, Bolivia (X units), sixfold. Ecuador (X units) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Venezuela amounted to +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+16.7% per year) and Ecuador (-20.3% per year).

In value terms, Venezuela ($X) remains the key foreign market for dryers for the treatment of agricultural products exports from Peru, comprising 56% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 23% share of total exports. It was followed by Bolivia, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to Venezuela totaled -22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-20.3% per year) and Bolivia (-5.2% per year).

Export Prices by Country

The average agricultural product dryer export price stood at $X per unit in 2021, with a decrease of -15.2% against the previous year. Over the period under review, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of 105%. The export price peaked at $X per unit in 2012; however, from 2013 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 the Dominican Republic ($X per unit), while the average price for exports to Costa Rica ($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 Costa Rica (+11.5%), while the prices for the other major destinations experienced a decline.

Agricultural Product Dryer Imports

Imports into Peru

In 2021, approx. X units of dryers for the treatment of agricultural products were imported into Peru; growing by 96% against the previous year's figure. Over the period under review, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2013 when imports increased by 219%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, agricultural product dryer imports surged to $X in 2021. In general, imports recorded a strong expansion. The growth pace was the most rapid in 2013 with an increase of 179%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X units), China (X units) and Argentina (X units) were the main suppliers of agricultural product dryer imports to Peru, with a combined 70% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +22.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural product dryer suppliers to Peru were Brazil ($X), Argentina ($X) and Taiwan (Chinese) ($X), together accounting for 82% of total imports. China, the Netherlands, Colombia, the United States, Turkey, Chile, Germany, Spain, the UK and Bolivia lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, Germany, with a CAGR of +58.4%, saw 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

In 2021, the average agricultural product dryer import price amounted to $X per unit, jumping by 26% against the previous year. Overall, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, agricultural product dryer import price decreased by -38.3% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 97%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained 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 Argentina ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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