Peru: Market for Iron or Steel Hot-Worked Helical Springs 2024

Market Size for Iron or Steel Hot-Worked Helical Springs in Peru

The Peruvian metal hot-worked helical spring market skyrocketed to $X in 2021, rising by 102% 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, consumption, however, recorded a relatively flat trend pattern. Metal hot-worked helical spring consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Iron or Steel Hot-Worked Helical Springs

Exports from Peru

In 2021, the amount of iron or steel hot-worked helical springs exported from Peru soared to X tons, jumping by 214% against 2020. Over the period under review, exports, however, continue to indicate a mild downturn. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal hot-worked helical spring exports soared to $X in 2021. In general, exports, however, showed a deep downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X tons), Chile (X tons) and the United States (X kg) were the main destinations of metal hot-worked helical spring exports from Peru, together comprising 47% of total exports. These countries were followed by Mexico, Argentina, Haiti, Colombia, the Netherlands, Ecuador, Suriname, Spain, Australia and Brazil, which together accounted for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Haiti (with a CAGR of +118.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Chile ($X) and Bolivia ($X) appeared to be the largest markets for metal hot-worked helical spring exported from Peru worldwide, together accounting for 44% of total exports. Colombia, Argentina, Australia, Mexico, the Netherlands, Ecuador, Spain, Haiti, Suriname and Brazil lagged somewhat behind, together comprising a further 40%.

In terms of the main countries of destination, Haiti, with a CAGR of +108.4%, saw the highest rates of growth with regard to the value of exports, 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 metal hot-worked helical spring export price amounted to $X per ton, with a decrease of -5.5% against the previous year. In general, the export price saw a noticeable descent. The pace of growth was the most pronounced in 2016 when the average export price increased by 18% against the previous year. The export price peaked at $X per ton 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 Australia ($X per ton), while the average price for exports to Haiti ($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 Colombia (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Hot-Worked Helical Springs

Imports into Peru

Metal hot-worked helical spring imports into Peru skyrocketed to X tons in 2021, increasing by 113% compared with the previous year. Over the period under review, imports recorded strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal hot-worked helical spring imports skyrocketed to $X in 2021. In general, imports, however, recorded a noticeable reduction. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal hot-worked helical spring supplier to Peru, accounting for a 64% share of total imports. Moreover, metal hot-worked helical spring imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+57.9% per year) and the United States (-5.7% per year).

In value terms, the largest metal hot-worked helical spring suppliers to Peru were China ($X), the United States ($X) and Germany ($X), with a combined 64% share of total imports. Brazil, Australia, Colombia and Chile lagged somewhat behind, together comprising a further 11%.

Among the main suppliers, Australia, with a CAGR of +18.1%, recorded the highest rates of growth with regard to 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 metal hot-worked helical spring import price stood at $X per ton in 2021, declining by -7.3% against the previous year. Over the period under review, the import price showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 7.9% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Chile ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+14.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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