Peru: Hand Tools Market 2025

Hand Tools Market Size in Peru

The Peruvian hand tools market skyrocketed to $X in 2021, picking up by 30% 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). The market value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Hand Tools Exports

Exports from Peru

In 2021, shipments abroad of hand tools increased by 27% to X tons, rising for the second year in a row after two years of decline. Overall, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +46.6% against 2019 indices. The pace of growth was the most pronounced in 2017 when exports increased by 78% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, hand tools exports surged to $X in 2021. In general, total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Ecuador (X tons), Chile (X tons) and Colombia (X tons) were the main destinations of hand tools exports from Peru, with a combined 70% share of total exports. The United States, Bolivia and Mexico lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +14.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hand tools exported from Peru were Ecuador ($X), the United States ($X) and Colombia ($X), with a combined 64% share of total exports.

Ecuador, with a CAGR of +11.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hand tools export price amounted to $X per ton, jumping by 17% against the previous year. In general, the export price, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 19%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Peru

In 2021, the amount of hand tools imported into Peru skyrocketed to X tons, increasing by 23% against the year before. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hand tools imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of hand tools to Peru, with a 68% share of total imports. Moreover, hand tools imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), sixfold. The third position in this ranking was held by Mexico (X tons), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-0.6% per year) and Mexico (+12.4% per year).

In value terms, China ($X) constituted the largest supplier of hand tools to Peru, comprising 53% of total imports. The second position in the ranking was held by Brazil ($X), with a 9.6% share of total imports. It was followed by the United States, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-1.7% per year) and the United States (-6.6% per year).

Import Prices by Country

In 2021, the average hand tools import price amounted to $X per ton, increasing by 6.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained 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 the United States ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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