Peru: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Peru

The Peruvian silicon-electrical steel flat-rolled product market skyrocketed to $X in 2021, with an increase of 33% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a pronounced slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Peru

In 2021, the amount of flat-rolled products of silicon-electrical steel exported from Peru soared to X tons, picking up by 313% against the previous year. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 2,208% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product exports soared to $X in 2021. Overall, exports enjoyed significant growth. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Ecuador (X kg) was the main destination for silicon-electrical steel flat-rolled product exports from Peru, accounting for a 74% share of total exports. Moreover, silicon-electrical steel flat-rolled product exports to Ecuador exceeded the volume sent to the second major destination, Guatemala (X kg), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ecuador was relatively modest.

In value terms, Ecuador ($X) emerged as the key foreign market for flat-rolled products of silicon-electrical steel exports from Peru, comprising 79% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador was relatively modest.

Export Prices by Country

The average silicon-electrical steel flat-rolled product export price stood at $X per ton in 2021, surging by 119% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 184% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Guatemala stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (-1.7%).

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Peru

Silicon-electrical steel flat-rolled product imports into Peru expanded rapidly to X tons in 2021, increasing by 9.6% against the previous year. In general, imports, however, showed a perceptible decline. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product imports skyrocketed to $X in 2021. Overall, imports, however, showed a perceptible decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest silicon-electrical steel flat-rolled product supplier to Peru, with a 31% share of total imports. Moreover, silicon-electrical steel flat-rolled product imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Italy (X tons), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.1% per year) and Italy (+18.9% per year).

In value terms, the largest silicon-electrical steel flat-rolled product suppliers to Peru were the United Arab Emirates ($X), China ($X) and Italy ($X), together comprising 51% of total imports.

Among the main suppliers, China, with a CAGR of +20.6%, 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 silicon-electrical steel flat-rolled product import price amounted to $X per ton, growing by 33% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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