Peru: Capacitor Market 2024

Capacitor Market Size in Peru

In 2021, after two years of growth, there was significant decline in the Peruvian capacitor market, when its value decreased by -43.9% to $X. Over the period under review, consumption saw a pronounced descent. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Capacitor Exports

Exports from Peru

In 2021, overseas shipments of electrical capacitors increased by 68% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 119% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, capacitor exports soared to $X in 2021. Over the period under review, exports recorded modest growth. The pace of growth was the most pronounced in 2018 with an increase of 54% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Colombia (X kg) was the main destination for capacitor exports from Peru, accounting for a 48% share of total exports. Moreover, capacitor exports to Colombia exceeded the volume sent to the second major destination, the United States (X kg), threefold. Mexico (X kg) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to Colombia totaled +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+33.5% per year) and Mexico (+72.3% per year).

In value terms, Colombia ($X), the United States ($X) and Bolivia ($X) constituted the largest markets for capacitor exported from Peru worldwide, together comprising 62% of total exports. Ecuador, Chile, Costa Rica and Mexico lagged somewhat behind, together comprising a further 15%.

In terms of the main countries of destination, Costa Rica, with a CAGR of +77.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average capacitor export price stood at $X per ton in 2021, waning by -15.3% against the previous year. In general, the export price saw a noticeable decline. The most prominent rate of growth was recorded in 2014 an increase of 28%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bolivia ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Capacitor Imports

Imports into Peru

In 2021, approx. X tons of electrical capacitors were imported into Peru; which is down by -49.1% on 2020. Overall, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2013 with an increase of 241% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, capacitor imports fell rapidly to $X in 2021. In general, imports recorded a noticeable descent. The most prominent rate of growth was recorded in 2013 when imports increased by 131%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of capacitor to Peru, accounting for a 44% share of total imports. Moreover, capacitor imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. The third position in this ranking was taken by Spain (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+17.8% per year) and Spain (-0.4% per year).

In value terms, China ($X), Brazil ($X) and the United States ($X) appeared to be the largest capacitor suppliers to Peru, with a combined 49% share of total imports. These countries were followed by Italy, Spain, the Czech Republic, Argentina, India, Chile, Colombia and Mexico, which together accounted for a further 33%.

Chile, with a CAGR of +18.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 capacitor import price amounted to $X per ton, rising by 17% against the previous year. Overall, the import price, however, recorded a mild slump. The growth pace was the most rapid in 2014 an increase of 24%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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