Peru: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Peru

The Peruvian meat-preparation industrial machinery market skyrocketed to $X in 2022, jumping by 52% 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 moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -12.7% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Meat-Preparation Industrial Machinery Exports

Exports from Peru

In 2022, meat-preparation industrial machinery exports from Peru was estimated at X units, surging by 9.1% on the previous year's figure. Over the period under review, exports posted strong growth. The pace of growth appeared the most rapid in 2014 when exports increased by 483% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, meat-preparation industrial machinery exports declined significantly to $X in 2022. In general, exports, however, recorded a slight decline. The most prominent rate of growth was recorded in 2014 when exports increased by 1,050% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X units) was the main destination for meat-preparation industrial machinery exports from Peru, with a 46% share of total exports. Moreover, meat-preparation industrial machinery exports to India exceeded the volume sent to the second major destination, Spain (X units), fourfold. The third position in this ranking was held by Bolivia (X units), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to India totaled +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+11.6% per year) and Bolivia (+7.2% per year).

In value terms, India ($X) remains the key foreign market for industrial machinery for the preparation of meat or poultry exports from Peru, comprising 79% of total exports. The second position in the ranking was held by Spain ($X), with a 6.2% share of total exports. It was followed by Bolivia, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+8.4% per year) and Bolivia (+12.7% per year).

Export Prices by Country

The average meat-preparation industrial machinery export price stood at $X per unit in 2022, waning by -34.8% against the previous year. Overall, the export price saw a deep downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 180%. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into Peru

Meat-preparation industrial machinery imports into Peru surged to X units in 2022, increasing by 91% against 2021 figures. In general, imports enjoyed perceptible growth. The most prominent rate of growth was recorded in 2018 when imports increased by 105%. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, meat-preparation industrial machinery imports soared to $X in 2022. Overall, imports enjoyed notable growth. The pace of growth appeared the most rapid in 2013 with an increase of 88% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Mexico (X units), Italy (X units) and Spain (X units) were the main suppliers of meat-preparation industrial machinery imports to Peru, with a combined 48% share of total imports. China, the United States, Brazil, Colombia, Germany, the Czech Republic and Denmark lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +38.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest meat-preparation industrial machinery suppliers to Peru were China ($X), Denmark ($X) and Spain ($X), with a combined 22% share of total imports.

Denmark, with a CAGR of +25.0%, saw the highest rates of growth with regard to the value of imports, among 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 2022, the average meat-preparation industrial machinery import price amounted to $X per unit, falling by -32.8% against the previous year. In general, the import price saw a perceptible shrinkage. The growth pace was the most rapid in 2013 an increase of 64% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 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 Denmark ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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