Peru: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Peru

After two years of growth, the Peruvian ferro-cerium and pyrophoric alloys market decreased by -10.1% to $X in 2021. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +97.1% against 2012 indices. Ferro-cerium and pyrophoric alloys consumption peaked at $X in 2020, and then shrank in the following year.

Production of Ferro-Cerium And Pyrophoric Alloys in Peru

In value terms, ferro-cerium and pyrophoric alloys production reduced to $X in 2021 estimated in export price. In general, production, however, recorded a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 36% against the previous year. Ferro-cerium and pyrophoric alloys production peaked at $X in 2020, and then contracted in the following year.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Peru

In 2021, overseas shipments of ferro-cerium and pyrophoric alloys decreased by -53.9% to X kg, falling for the third consecutive year after two years of growth. In general, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 1,900% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports fell significantly to $X in 2021. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 2,725%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Panama (X kg), Bahamas (X kg) and the United States (X kg) were the main destinations of ferro-cerium and pyrophoric alloys exports from Peru, with a combined 100% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of +85.1%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for ferro-cerium and pyrophoric alloys exported from Peru were Panama ($X), Bahamas ($X) and the United States ($X), together accounting for 99% of total exports.

Panama, with a CAGR of +95.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2021, declining by -13.1% against the previous year. Overall, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 an increase of 41%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to the United States ($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 Panama (+6.6%), while the prices for the other major destinations experienced a decline.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Peru

In 2021, supplies from abroad of ferro-cerium and pyrophoric alloys decreased by -6.7% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2015 when imports increased by 365% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports surged to $X in 2021. Over the period under review, imports, however, saw a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 230% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Chile (X tons), Brazil (X tons) and the United States (X tons) were the main suppliers of ferro-cerium and pyrophoric alloys imports to Peru, together comprising 67% of total imports. Italy and South Africa lagged somewhat behind, together comprising a further 1.6%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +52.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-cerium and pyrophoric alloys suppliers to Peru were Chile ($X), Brazil ($X) and the United States ($X), together accounting for 47% of total imports. These countries were followed by Italy and South Africa, which together accounted for a further 1.6%.

Among the main suppliers, Italy, with a CAGR of +73.5%, 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 ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, growing by 47% against the previous year. Over the period under review, the import price showed a tangible expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 69%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 South Africa ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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