Peru: Halogenated Hydrocarbon Derivative Market 2024

Halogenated Hydrocarbon Derivative Market Size in Peru

The Peruvian halogenated hydrocarbon derivative market shrank to $X in 2022, with a decrease of -14.2% 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, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +23.0% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2021, and then dropped in the following year.

Halogenated Hydrocarbon Derivative Exports

Exports from Peru

In 2022, after three years of growth, there was significant decline in overseas shipments of halogenated derivatives of hydrocarbons, when their volume decreased by -55.6% to X tons. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 4,205% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, halogenated hydrocarbon derivative exports contracted notably to $X in 2022. Over the period under review, exports, however, saw a prominent increase. The growth pace was the most rapid in 2013 when exports increased by 518%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ecuador (X tons), Turkey (X tons) and Bolivia (X kg) were the main destinations of halogenated hydrocarbon derivative exports from Peru, together accounting for 96% of total exports. Chile and the Netherlands lagged somewhat behind, together accounting for a further 2.3%.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +50.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the key foreign market for halogenated derivatives of hydrocarbons exports from Peru, comprising 65% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 22% share of total exports. It was followed by Bolivia, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+27.8% per year) and Bolivia (+42.5% per year).

Export Prices by Country

The average halogenated hydrocarbon derivative export price stood at $X per ton in 2022, with an increase of 35% against the previous year. Overall, the export price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 58%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+31.3%), while the prices for the other major destinations experienced a decline.

Halogenated Hydrocarbon Derivative Imports

Imports into Peru

In 2022, imports of halogenated derivatives of hydrocarbons into Peru declined to X tons, waning by -12.7% compared with 2021 figures. Over the period under review, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 53% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, halogenated hydrocarbon derivative imports declined to $X in 2022. In general, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.4% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 47% against the previous year. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest halogenated hydrocarbon derivative supplier to Peru, with a 64% share of total imports. Moreover, halogenated hydrocarbon derivative imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), sixfold. The third position in this ranking was taken by Romania (X tons), with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-4.0% per year) and Romania (+41.7% per year).

In value terms, China ($X) constituted the largest supplier of halogenated derivatives of hydrocarbons to Peru, comprising 65% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.8% share of total imports. It was followed by Russia, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.0% per year) and Russia (-4.8% per year).

Import Prices by Country

The average halogenated hydrocarbon derivative import price stood at $X per ton in 2022, reducing by -2.6% against the previous year. Overall, the import price recorded a perceptible descent. The pace of growth was the most pronounced in 2018 when the average import price increased by 15%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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