Peru: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in Peru

In 2021, after two years of decline, there was significant growth in the Peruvian endless machinery band market, when its value increased by 27% to $X. In general, consumption, however, continues to indicate a abrupt slump. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Endless Machinery Band Exports

Exports from Peru

In 2021, the amount of endless bands for machinery, of stainless steel exported from Peru shrank markedly to X square meters, reducing by -90.1% on the previous year. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 1,021% against the previous year. As a result, the exports reached the peak of X square meters, and then reduced remarkably in the following year.

In value terms, endless machinery band exports shrank remarkably to $X in 2021. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 467%. As a result, the exports attained the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Bolivia (X square meters) was the main destination for endless machinery band exports from Peru, accounting for a 92% share of total exports. Moreover, endless machinery band exports to Bolivia exceeded the volume sent to the second major destination, Panama (X square meters), more than tenfold. The third position in this ranking was held by Venezuela (X square meters), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume to Bolivia totaled -15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-43.3% per year) and Venezuela (-91.7% per year).

In value terms, Bolivia ($X) remains the key foreign market for endless machinery band exports from Peru, comprising 91% of total exports. The second position in the ranking was held by Venezuela ($X), with a 5.2% share of total exports. It was followed by Panama, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia totaled -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-90.4% per year) and Panama (-71.4% per year).

Export Prices by Country

In 2021, the average endless machinery band export price amounted to $X per square meter, reducing by -15.9% against the previous year. Overall, the export price recorded a mild decrease. The growth pace was the most rapid in 2018 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+27.5%), while the prices for the other major destinations experienced mixed trend patterns.

Endless Machinery Band Imports

Imports into Peru

In 2021, overseas purchases of endless bands for machinery, of stainless steel were finally on the rise to reach X square meters for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2015 when imports increased by 521% against the previous year. As a result, imports attained the peak of X square meters. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, endless machinery band imports expanded to $X in 2021. Overall, imports, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 175%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X square meters) constituted the largest supplier of endless machinery band to Peru, with a 41% share of total imports. Moreover, endless machinery band imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X square meters), threefold. Mexico (X square meters) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+21.8% per year) and Mexico (-19.4% per year).

In value terms, the United States ($X) constituted the largest supplier of endless machinery band to Peru, comprising 39% of total imports. The second position in the ranking was held by Canada ($X), with a 13% share of total imports. It was followed by Chile, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+26.8% per year) and Chile (+27.8% per year).

Import Prices by Country

The average endless machinery band import price stood at $X per square meter in 2021, therefore, remained relatively stable against the previous year. In general, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2016 an increase of 119% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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