Peru: Hydantoin Market 2024

Hydantoin Market Size in Peru

The Peruvian hydantoin market skyrocketed to $X in 2022, picking up by 50% 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, however, recorded a perceptible decrease. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Hydantoin Exports

Exports from Peru

After two years of growth, shipments abroad of hydantoin and its derivatives decreased by -4.8% to X kg in 2022. Overall, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 when exports increased by 1,160% against the previous year. As a result, the exports reached the peak of X kg. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, hydantoin exports contracted to $X in 2022. Over the period under review, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2018 with an increase of 1,344% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Colombia (X kg) was the main destination for hydantoin exports from Peru, accounting for a 75% share of total exports. Moreover, hydantoin exports to Colombia exceeded the volume sent to the second major destination, Bolivia (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Colombia stood at -13.8%.

In value terms, Bolivia ($X) remains the key foreign market for hydantoin and its derivatives exports from Peru, comprising 73% of total exports. The second position in the ranking was held by Colombia ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia totaled +25.3%.

Export Prices by Country

The average hydantoin export price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hydantoin export price decreased by -4.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 90% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, 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 Bolivia ($X per ton), while the average price for exports to Colombia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+19.1%).

Hydantoin Imports

Imports into Peru

In 2022, the amount of hydantoin and its derivatives imported into Peru skyrocketed to X tons, increasing by 28% against the year before. Overall, imports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2014 when imports increased by 771%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, hydantoin imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2014 with an increase of 750%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of hydantoin to Peru, with a 54% share of total imports. Moreover, hydantoin imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X kg), fourfold. India (X kg) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-3.8% per year) and India (-18.5% per year).

In value terms, China ($X) constituted the largest supplier of hydantoin and its derivatives to Peru, comprising 93% of total imports. The second position in the ranking was held by the United States ($X), with a 2.5% share of total imports. It was followed by India, with a 2% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.9% per year) and India (-18.4% per year).

Import Prices by Country

In 2022, the average hydantoin import price amounted to $X per ton, with an increase of 37% against the previous year. In general, the import price posted a pronounced expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 106%. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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