Peru: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Peru

The Peruvian flywheels and pulleys market rose sharply to $X in 2021, picking up by 10% 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). Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Flywheels And Pulleys Exports

Exports from Peru

In 2021, approx. X tons of flywheels and pulleys were exported from Peru; shrinking by -12.2% on the previous year. Over the period under review, exports, however, showed a tangible expansion. The growth pace was the most rapid in 2016 with an increase of 145%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, flywheels and pulleys exports expanded significantly to $X in 2021. Overall, exports, however, recorded a pronounced expansion. The pace of growth was the most pronounced in 2016 when exports increased by 176% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for flywheels and pulleys exports from Peru, with a 45% share of total exports. Moreover, flywheels and pulleys exports to the United States exceeded the volume sent to the second major destination, Bolivia (X tons), twofold. The third position in this ranking was taken by Ecuador (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+17.2% per year) and Ecuador (-2.8% per year).

In value terms, the United States ($X) remains the key foreign market for flywheels and pulleys exports from Peru, comprising 45% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 21% share of total exports. It was followed by Ecuador, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+17.1% per year) and Ecuador (+2.6% per year).

Export Prices by Country

The average flywheels and pulleys export price stood at $X per ton in 2021, surging by 22% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 33% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Ecuador ($X per ton) and Bolivia ($X per ton), while the average price for exports to Chile ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into Peru

In 2021, approx. X tons of flywheels and pulleys were imported into Peru; increasing by 13% on the previous year's figure. Over the period under review, imports showed a modest expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 120% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, flywheels and pulleys imports stood at $X in 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 108%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and South Africa (X tons) were the main suppliers of flywheels and pulleys imports to Peru, together accounting for 62% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +130.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of flywheels and pulleys to Peru, comprising 34% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Germany, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.7% per year) and Germany (+6.8% per year).

Import Prices by Country

The average flywheels and pulleys import price stood at $X per ton in 2021, shrinking by -5.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 13% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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