Peru: Fruit-Preparation Industrial Machinery Market 2024

Fruit-Preparation Industrial Machinery Market Size in Peru

The Peruvian fruit-preparation industrial machinery market shrank to $X in 2021, with a decrease of -12.5% 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). Over the period under review, consumption, however, continues to indicate noticeable growth. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Fruit-Preparation Industrial Machinery Exports

Exports from Peru

For the third consecutive year, Peru recorded growth in shipments abroad of industrial machinery for the preparation of fruits, nuts or vegetables, which increased by 49% to X units in 2021. In general, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 194% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, fruit-preparation industrial machinery exports fell significantly to $X in 2021. Over the period under review, exports, however, showed a sharp descent. The growth pace was the most rapid in 2019 with an increase of 112%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X units) was the main destination for fruit-preparation industrial machinery exports from Peru, with a 74% share of total exports. Moreover, fruit-preparation industrial machinery exports to Italy exceeded the volume sent to the second major destination, Colombia (X units), fourfold. The third position in this ranking was held by El Salvador (X units), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy amounted to +122.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+41.2% per year) and El Salvador (+14.2% per year).

In value terms, the largest markets for fruit-preparation industrial machinery exported from Peru were Italy ($X), Colombia ($X) and Chile ($X), with a combined 97% share of total exports.

Italy, with a CAGR of +97.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average fruit-preparation industrial machinery export price stood at $X per unit in 2021, falling by -56.7% against the previous year. Overall, the export price saw a sharp decrease. The pace of growth was the most pronounced in 2018 when the average export price increased by 80% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, 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 Colombia ($X per unit), while the average price for exports to El Salvador ($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 Italy (-13.7%), while the prices for the other major destinations experienced a decline.

Fruit-Preparation Industrial Machinery Imports

Imports into Peru

Fruit-preparation industrial machinery imports into Peru rose notably to X units in 2021, surging by 7.2% on the previous year. In general, imports enjoyed pronounced growth. The pace of growth appeared the most rapid in 2015 with an increase of 121% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, fruit-preparation industrial machinery imports dropped remarkably to $X in 2021. Over the period under review, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2015 when imports increased by 106%. Imports peaked at $X in 2020, and then fell rapidly in the following year.

Imports by Country

China (X units), Spain (X units) and Brazil (X units) were the main suppliers of fruit-preparation industrial machinery imports to Peru, together accounting for 73% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +28.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fruit-preparation industrial machinery suppliers to Peru were Italy ($X), Spain ($X) and China ($X), with a combined 79% share of total imports.

Spain, with a CAGR of +17.8%, saw the highest growth rate of 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

In 2021, the average fruit-preparation industrial machinery import price amounted to $X per unit, declining by -23% against the previous year. Over the period under review, the import price, however, showed notable growth. The most prominent rate of growth was recorded in 2013 an increase of 62% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for South Korea ($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 (+3.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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