Peru: Non-Electric Motor Handtools Market 2024

Non-Electric Motor Handtools Market Size in Peru

In 2022, after two years of growth, there was decline in the Peruvian non-electric motor handtools market, when its value decreased by -4.7% to $X. Over the period under review, consumption, however, saw a modest expansion. Non-electric motor handtools consumption peaked at $X in 2021, and then fell slightly in the following year.

Non-Electric Motor Handtools Exports

Exports from Peru

In 2022, after two years of decline, there was significant growth in overseas shipments of handtools, hydraulic or with a self-contained non-electric motor, when their volume increased by 25% to X units. Over the period under review, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 35%. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-electric motor handtools exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2015 with an increase of 103% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for non-electric motor handtools exports from Peru, accounting for a 75% share of total exports. Moreover, non-electric motor handtools exports to Germany exceeded the volume sent to the second major destination, Colombia (X units), fivefold. The third position in this ranking was held by Chile (X units), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +25.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-15.1% per year) and Chile (+34.9% per year).

In value terms, Germany ($X) remains the key foreign market for handtools, hydraulic or with a self-contained non-electric motor exports from Peru, comprising 84% of total exports. The second position in the ranking was taken by Colombia ($X), with a 9.7% share of total exports. It was followed by France, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-19.2% per year) and France (+3.0% per year).

Export Prices by Country

In 2022, the average non-electric motor handtools export price amounted to $X per unit, picking up by 18% against the previous year. In general, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-electric motor handtools export price increased by +78.4% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 84%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+18.9%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Motor Handtools Imports

Imports into Peru

In 2022, after two years of growth, there was significant decline in supplies from abroad of handtools, hydraulic or with a self-contained non-electric motor, when their volume decreased by -6% to X units. Over the period under review, imports, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2020 with an increase of 112% against the previous year. Imports peaked at X units in 2021, and then declined in the following year.

In value terms, non-electric motor handtools imports declined modestly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 113%. Over the period under review, imports hit record highs at $X in 2021, and then shrank modestly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest non-electric motor handtools supplier to Peru, accounting for a 76% share of total imports. Moreover, non-electric motor handtools imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+53.5% per year) and Taiwan (Chinese) (+10.4% per year).

In value terms, the largest non-electric motor handtools suppliers to Peru were Brazil ($X), China ($X) and the United States ($X), together comprising 82% of total imports.

In terms of the main suppliers, Brazil, with a CAGR of +52.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-electric motor handtools import price amounted to $X per unit, increasing by 2.7% against the previous year. Overall, the import price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 14% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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