Report Update Nov 1, 2024

Peru - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in Peru

In 2021, the Peruvian industrial stearic acid market increased by 123% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption showed strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Industrial Stearic Acid Exports

Exports from Peru

In 2021, the amount of industrial stearic acid exported from Peru soared to X tons, jumping by 19% against 2020 figures. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 240% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, industrial stearic acid exports surged to $X in 2021. In general, exports recorded strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 115%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Chile (X tons) was the main destination for industrial stearic acid exports from Peru, accounting for a 95% share of total exports. Moreover, industrial stearic acid exports to Chile exceeded the volume sent to the second major destination, Bolivia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Chile amounted to +9.9%.

In value terms, Chile ($X) emerged as the key foreign market for industrial stearic acid exports from Peru, comprising 96% of total exports. The second position in the ranking was held by Bolivia ($X), with a 4.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile amounted to +13.5%.

Export Prices by Country

In 2021, the average industrial stearic acid export price amounted to $X per ton, increasing by 7.6% against the previous year. Overall, the export price, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2019 an increase of 60%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Chile ($X per ton), while the average price for exports to Bolivia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+3.3%), while the prices for the other major destinations experienced a decline.

Industrial Stearic Acid Imports

Imports into Peru

In 2021, purchases abroad of industrial stearic acid was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports saw a remarkable increase. Over the period under review, imports attained the peak figure at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, industrial stearic acid imports skyrocketed to $X in 2021. Overall, imports posted a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest industrial stearic acid supplier to Peru, with a 59% share of total imports. Moreover, industrial stearic acid imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Argentina (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia stood at +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+90.7% per year) and Argentina (+18.7% per year).

In value terms, Indonesia ($X) constituted the largest supplier of industrial stearic acid to Peru, comprising 56% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Argentina, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from Indonesia stood at +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+92.3% per year) and Argentina (+16.0% per year).

Import Prices by Country

In 2021, the average industrial stearic acid import price amounted to $X per ton, surging by 20% against the previous year. In general, the import price, however, recorded a mild descent. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Malaysia ($X per ton) and China ($X per ton), while the price for Indonesia ($X per ton) and Argentina ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial stearic acid in the world?

China remains the largest industrial stearic acid consuming country worldwide, accounting for 26% of total volume. Moreover, industrial stearic acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 11% share.

What are the largest producers of industrial stearic acid in the world?

The countries with the highest volumes of industrial stearic acid production in 2020 were Indonesia, China and the United States, with a combined 51% share of global production.

What are the leading suppliers of industrial stearic acid to Peru?

In value terms, Indonesia constituted the largest supplier of industrial stearic acid to Peru, comprising 60% of total imports. The second position in the ranking was occupied by Argentina, with a 19% share of total imports. It was followed by Malaysia, with a 9.5% share.

What are the leading importers of industrial stearic acid from Peru?

In value terms, Bolivia remains the key foreign market for industrial stearic acid exports from Peru, comprising 98% of total exports. The second position in the ranking was occupied by Ecuador $132), with a 2.2% share of total exports.

What is the average export price for industrial stearic acid in Peru?

In 2020, the average industrial stearic acid export price amounted to $1,420 per ton, declining by -34.7% against the previous year.

What is the average import price for industrial stearic acid in Peru?

The average industrial stearic acid import price stood at $1,013 per ton in 2020, picking up by 16% against the previous year.

This report provides an in-depth analysis of the industrial stearic acid market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143120 - Industrial stearic acid

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023