Peru: Metal Hammer Market 2024

Metal Hammer Market Size in Peru

The Peruvian metal hammer market fell to $X in 2022, which is down by -5.6% 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 pronounced decrease. Metal hammer consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Metal Hammer Exports

Exports from Peru

In 2022, shipments abroad of hammers and sledge hammers with working part of metal was finally on the rise to reach X tons after two years of decline. Over the period under review, exports saw a strong increase. The pace of growth was the most pronounced in 2015 when exports increased by 579% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal hammer exports surged to $X in 2022. In general, exports posted a temperate increase. The pace of growth appeared the most rapid in 2015 when exports increased by 451% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for metal hammer exports from Peru, accounting for a 69% share of total exports. Moreover, metal hammer exports to the United States exceeded the volume sent to the second major destination, Chile (X tons), threefold. Ecuador (X kg) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +31.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+34.9% per year) and Ecuador (-11.2% per year).

In value terms, the United States ($X), Chile ($X) and Ecuador ($X) appeared to be the largest markets for metal hammer exported from Peru worldwide, together comprising 82% of total exports.

Among the main countries of destination, Chile, with a CAGR of +28.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average metal hammer export price stood at $X per ton in 2022, falling by -44.1% against the previous year. Overall, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 70%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United States ($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 Bolivia (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Hammer Imports

Imports into Peru

In 2022, metal hammer imports into Peru shrank to X tons, which is down by -3% against 2021 figures. Over the period under review, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 19% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, metal hammer imports shrank to $X in 2022. In general, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of 26% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Brazil (X tons) and Mexico (X tons) were the main suppliers of metal hammer imports to Peru, together accounting for 95% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +12.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest metal hammer suppliers to Peru were China ($X), Brazil ($X) and Mexico ($X), together accounting for 90% of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +9.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average metal hammer import price stood at $X per ton in 2022, waning by -2.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

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 Mexico ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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