Peru: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Peru

The Peruvian market for grinding, sanding and polishing machines skyrocketed to $X in 2021, with an increase of 116% 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 continues to indicate a strong increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Exports of Grinding, Sanding and Polishing Machines

Exports from Peru

In 2021, shipments abroad of grinding, sanding and polishing machines was finally on the rise to reach X units after two years of decline. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2018 when exports increased by 11,664%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, grinding, sanding and polishing machine exports contracted to $X in 2021. In general, exports saw significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 162% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Colombia (X units) was the main destination for grinding, sanding and polishing machine exports from Peru, with a 58% share of total exports. Moreover, grinding, sanding and polishing machine exports to Colombia exceeded the volume sent to the second major destination, Bolivia (X units), fourfold. Germany (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Colombia stood at +92.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+47.2% per year) and Germany (+29.2% per year).

In value terms, Colombia ($X) remains the key foreign market for grinding, sanding and polishing machines exports from Peru, comprising 91% of total exports. The second position in the ranking was taken by Germany ($X), with a 4.9% share of total exports. It was followed by Mexico, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value to Colombia stood at +55.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+36.1% per year) and Mexico (-21.9% per year).

Export Prices by Country

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, falling by -37.1% against the previous year. Overall, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 an increase of 4,051%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+1,625.5%), while the prices for the other major destinations experienced a decline.

Imports of Grinding, Sanding and Polishing Machines

Imports into Peru

In 2021, approx. X units of grinding, sanding and polishing machines were imported into Peru; with an increase of 119% on 2020. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2017 with an increase of 185% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, grinding, sanding and polishing machine imports surged to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 131%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X units) was the main supplier of grinding, sanding and polishing machine to Peru, with a 94% share of total imports. It was followed by Chile (X units), with a 2.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +37.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+38.8% per year) and the United States (-10.3% per year).

In value terms, China ($X) constituted the largest supplier of grinding, sanding and polishing machines to Peru, comprising 46% of total imports. The second position in the ranking was taken by Chile ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+41.2% per year) and the United States (+2.0% per year).

Import Prices by Country

In 2021, the average import price for grinding, sanding and polishing machines amounted to $X per unit, waning by -9.5% against the previous year. In general, the import price showed a abrupt slump. The pace of growth appeared the most rapid in 2015 an increase of 106% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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