Peru: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Peru

In 2021, the Peruvian market for inorganic oxygen compounds of non-metals decreased by -5.3% to $X for the first time since 2011, thus ending a nine-year rising trend. Overall, consumption, however, saw buoyant growth. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank in the following year.

Production of Inorganic Oxygen Compounds Of Non-Metals in Peru

In value terms, inorganic oxygen compounds of non-metals production declined to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 75% against the previous year. Inorganic oxygen compounds of non-metals production peaked at $X in 2020, and then declined in the following year.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Peru

For the third year in a row, Peru recorded decline in shipments abroad of inorganic oxygen compounds of non-metals, which decreased by -72% to X kg in 2021. In general, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2015 when exports increased by 574% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, inorganic oxygen compounds of non-metals exports declined notably to $X in 2021. Overall, exports saw a dramatic decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 807%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X kg), Bolivia (X kg) and Chile (X kg) were the main destinations of inorganic oxygen compounds of non-metals exports from Peru.

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 -28.3%), while the other leaders experienced a decline.

In value terms, Ecuador ($X) remains the key foreign market for inorganic oxygen compounds of non-metals exports from Peru, comprising 57% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador stood at -30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-34.1% per year) and Chile (-47.5% per year).

Export Prices by Country

In 2021, the average export price for inorganic oxygen compounds of non-metals amounted to $X per ton, with an increase of 32% against the previous year. Overall, the export price saw a prominent expansion. The growth pace was the most rapid in 2018 when the average export price increased by 141%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+34.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Peru

In 2021, the amount of inorganic oxygen compounds of non-metals imported into Peru rose to X tons, surging by 3.5% compared with the year before. In general, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 83% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, inorganic oxygen compounds of non-metals imports rose notably to $X in 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.6% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 62%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Chile (X tons), China (X tons) and Argentina (X tons) were the main suppliers of inorganic oxygen compounds of non-metals imports to Peru, together accounting for 72% of total imports. Belgium, France, Panama, Bolivia, Mexico and the United States lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +392.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Argentina ($X) and Panama ($X) were the largest inorganic oxygen compounds of non-metals suppliers to Peru, with a combined 50% share of total imports.

Among the main suppliers, Panama, with a CAGR of +379.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for inorganic oxygen compounds of non-metals stood at $X per ton in 2021, with an increase of 1.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 34% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a 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 Panama ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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