Peru: Market for Iron or Steel Cans 2024

Market Size for Iron or Steel Cans in Peru

In 2021, after three years of growth, there was significant decline in the Peruvian iron or steel can market, when its value decreased by -9.4% to $X. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Iron or Steel Cans in Peru

In value terms, iron or steel can production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 24%. As a result, production attained the peak level of $X, and then dropped in the following year.

Exports of Iron or Steel Cans

Exports from Peru

In 2021, approx. X units of iron or steel cans were exported from Peru; falling by -2.2% on the year before. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 159%. Over the period under review, the exports reached the peak figure at X units in 2020, and then contracted slightly in the following year.

In value terms, iron or steel can exports dropped slightly to $X in 2021. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2014 when exports increased by 135%. The exports peaked at $X in 2020, and then shrank slightly in the following year.

Exports by Country

Ecuador (X units), Chile (X units) and Venezuela (X units) were the main destinations of iron or steel can exports from Peru, with a combined 93% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Venezuela (with a CAGR of +107.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Chile ($X) and Venezuela ($X) were the largest markets for iron or steel can exported from Peru worldwide, with a combined 91% share of total exports.

Venezuela, with a CAGR of +135.7%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average iron or steel can export price amounted to $X per unit, almost unchanged from the previous year. Over the period under review, the export price, however, showed a slight descent. The pace of growth was the most pronounced in 2013 an increase of 7.2% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Ecuador ($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 Venezuela (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Cans

Imports into Peru

Iron or steel can imports into Peru surged to X units in 2021, with an increase of 25% compared with the year before. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 166%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, iron or steel can imports surged to $X in 2021. Over the period under review, imports posted a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by 168%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Ecuador (X units) constituted the largest iron or steel can supplier to Peru, accounting for a 63% share of total imports. Moreover, iron or steel can imports from Ecuador exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold. Portugal (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from Ecuador totaled +49.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+39.4% per year) and Portugal (+9.3% per year).

In value terms, Ecuador ($X), Spain ($X) and Portugal ($X) appeared to be the largest iron or steel can suppliers to Peru, together accounting for 93% of total imports.

Among the main suppliers, Ecuador, with a CAGR of +42.5%, saw 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 iron or steel can import price stood at $X per unit in 2021, surging by 9.8% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by 17% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Portugal ($X per unit), while the price for Ecuador ($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 (+20.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :