Peru: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Peru

The Peruvian market for in-hand motor grinders, sanders and planers soared to $X in 2021, growing by 90% 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). In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Peru

In 2021, the amount of in-hand motor grinders, sanders and planers exported from Peru soared to X units, increasing by 668% compared with the year before. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 840%. Over the period under review, the exports of reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, exports of in-hand motor grinders, sanders and planers skyrocketed to $X in 2021. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 554% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Chile (X units), Bolivia (X units) and Brazil (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Peru, together accounting for 98% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of +128.9%), while the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X), Chile ($X) and Brazil ($X) appeared to be the largest markets for electromechanical tools for working in the hand, with self-contained electric motor exported from Peru worldwide, together comprising 96% of total exports.

Bolivia, with a CAGR of +132.7%, recorded 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 export price for in-hand motor grinders, sanders and planers amounted to $X per unit, which is down by -24.4% against the previous year. In general, the export price, however, enjoyed a noticeable increase. The pace of growth was the most pronounced in 2013 an increase of 108% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Argentina ($X per unit), while the average price for exports to Chile ($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 Argentina (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Peru

In 2021, the amount of in-hand motor grinders, sanders and planers imported into Peru surged to X units, jumping by 92% against 2020. Over the period under review, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded 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 units) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Peru, accounting for a 86% share of total imports. Moreover, imports of in-hand motor grinders, sanders and planers from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. The third position in this ranking was taken by Malaysia (X units), with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+38.8% per year) and Malaysia (+26.1% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Peru, comprising 62% of total imports. The second position in the ranking was taken by Germany ($X), with a 9.9% share of total imports. It was followed by Japan, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.0% per year) and Japan (+18.2% per year).

Import Prices by Country

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, leveling off at the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for in-hand motor grinders, sanders and planers decreased by -20.2% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 64% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 China (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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