Peru: Hydraulic Automatic Regulators Market 2024

Hydraulic Automatic Regulators Market Size in Peru

In 2021, after two years of growth, there was significant decline in the Peruvian hydraulic automatic regulators market, when its value decreased by -7.9% to $X. Overall, consumption, however, recorded prominent growth. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Hydraulic Automatic Regulators Exports

Exports from Peru

In 2021, overseas shipments of hydraulic or pneumatic automatic regulating instruments decreased by -51.7% to X units, falling for the second consecutive year after three years of growth. In general, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of 568% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, hydraulic automatic regulators exports shrank significantly to $X in 2021. Overall, exports saw a deep setback. The pace of growth was the most pronounced in 2017 with an increase of 326%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for hydraulic automatic regulators exports from Peru, accounting for a 50% share of total exports. Moreover, hydraulic automatic regulators exports to the Netherlands exceeded the volume sent to the second major destination, Australia (X units), twofold. The United States (X units) ranked third in terms of total exports with an 18% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (0.0% per year) and the United States (+9.1% per year).

In value terms, the Netherlands ($X) remains the key foreign market for hydraulic or pneumatic automatic regulating instruments exports from Peru, comprising 58% of total exports. The second position in the ranking was held by Australia ($X), with a 26% share of total exports. It was followed by the United States, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (0.0% per year) and the United States (+15.1% per year).

Export Prices by Country

In 2021, the average hydraulic automatic regulators export price amounted to $X per unit, growing by 9.8% against the previous year. Overall, the export price continues to indicate a perceptible expansion. The growth pace was the most rapid in 2020 an increase of 82% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Australia ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hydraulic Automatic Regulators Imports

Imports into Peru

After two years of growth, purchases abroad of hydraulic or pneumatic automatic regulating instruments decreased by -7.7% to X units in 2021. Over the period under review, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 147%. As a result, imports attained the peak of X units, and then shrank in the following year.

In value terms, hydraulic automatic regulators imports fell to $X in 2021. In general, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.4% against 2019 indices. The pace of growth was the most pronounced in 2019 when imports increased by 67% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of hydraulic automatic regulators to Peru, with a 68% share of total imports. Moreover, hydraulic automatic regulators imports from China exceeded the figures recorded by the second-largest supplier, France (X units), eightfold. The UK (X units) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+19.0% per year) and the UK (+88.1% per year).

In value terms, France ($X), the United States ($X) and Germany ($X) appeared to be the largest hydraulic automatic regulators suppliers to Peru, with a combined 66% share of total imports. These countries were followed by China, the UK, Italy, Japan and South Korea, which together accounted for a further 21%.

The UK, with a CAGR of +82.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average hydraulic automatic regulators import price stood at $X per unit in 2021, waning by -1.8% against the previous year. In general, the import price saw a pronounced descent. The pace of growth was the most pronounced in 2014 an increase of 106%. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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