Peru: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2025

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Peru

In 2021, the Peruvian market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps increased by 46% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a mild descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Peru

Exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Peru shrank markedly to X units in 2021, waning by -38.7% compared with 2020. Over the period under review, exports, however, recorded temperate growth. The pace of growth appeared the most rapid in 2017 with an increase of 189%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps dropped notably to $X in 2021. Overall, exports, however, posted slight growth. The most prominent rate of growth was recorded in 2019 with an increase of 170%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Chile (X units) was the main destination for exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Peru, accounting for a 107% share of total exports. It was followed by the United States (X units), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile stood at +17.2%.

In value terms, Chile ($X) emerged as the key foreign market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps exports from Peru, comprising 98% of total exports. The second position in the ranking was taken by the United States ($X), with a 1.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Chile amounted to +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-26.2% per year) and Ecuador (-43.9% per year).

Export Prices by Country

In 2021, the average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, shrinking by -37.7% against the previous year. Overall, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 163% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Ecuador ($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 Chile (-1.5%), while the prices for the other major destinations experienced a decline.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Peru

In 2021, approx. X units of hydraulic pumps (gear or vane) and other rotary positive displacement pumps were imported into Peru; rising by 58% against the previous year. Over the period under review, imports continue to indicate a mild increase. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps skyrocketed to $X in 2021. Overall, imports, however, saw a noticeable downturn. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of hydraulic pump (gear or vane) and other rotary positive displacement pump to Peru, with a 91% share of total imports. Moreover, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was held by Italy (X units), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.4% per year) and Italy (-11.8% per year).

In value terms, the United States ($X), Germany ($X) and China ($X) constituted the largest hydraulic pump (gear or vane) and other rotary positive displacement pump suppliers to Peru, with a combined 64% share of total imports.

Among the main suppliers, China, with a CAGR of +5.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, falling by -12.5% against the previous year. In general, the import price recorded a noticeable decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by 62% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, 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 Brazil (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform