Peru: Cutting Blade Market 2024

Cutting Blade Market Size in Peru

The Peruvian cutting blade market surged to $X in 2021, jumping by 36% 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). Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +62.8% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Cutting Blade Exports

Exports from Peru

In 2021, after two years of growth, there was significant decline in overseas shipments of knives and cutting blades (for machines or for mechanical appliances), when their volume decreased by -34.2% to X tons. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 108%. As a result, the exports reached the peak of X tons, and then dropped rapidly in the following year.

In value terms, cutting blade exports plummeted to $X in 2021. Over the period under review, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 74% against the previous year. The exports peaked at $X in 2020, and then dropped dramatically in the following year.

Exports by Country

Bolivia (X tons) was the main destination for cutting blade exports from Peru, with a 62% share of total exports. Moreover, cutting blade exports to Bolivia exceeded the volume sent to the second major destination, Panama (X tons), eightfold. Chile (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia amounted to +57.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+10.0% per year) and Chile (+5.4% per year).

In value terms, Bolivia ($X) remains the key foreign market for knives and cutting blades (for machines or for mechanical appliances) exports from Peru, comprising 30% of total exports. The second position in the ranking was held by Central African Republic ($X), with an 8.8% share of total exports. It was followed by Colombia, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia totaled +33.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Central African Republic (0.0% per year) and Colombia (+6.4% per year).

Export Prices by Country

In 2021, the average cutting blade export price amounted to $X per ton, waning by -3.5% against the previous year. In general, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Colombia ($X per ton), while the average price for exports to Bolivia ($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 Nicaragua (+37.2%), while the prices for the other major destinations experienced a decline.

Cutting Blade Imports

Imports into Peru

For the fourth consecutive year, Peru recorded growth in overseas purchases of knives and cutting blades (for machines or for mechanical appliances), which increased by 39% to X tons in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.6% 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 increased by +90.1% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cutting blade imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest cutting blade supplier to Peru, with a 45% share of total imports. Moreover, cutting blade imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. The third position in this ranking was held by Mexico (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+25.2% per year) and Mexico (+9.0% per year).

In value terms, China ($X), Mexico ($X) and the United States ($X) constituted the largest cutting blade suppliers to Peru, with a combined 47% share of total imports. Germany, Italy, Brazil, Colombia, Australia, Spain and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 36%.

In terms of the main suppliers, Colombia, with a CAGR of +22.5%, 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

In 2021, the average cutting blade import price amounted to $X per ton, falling by -5.7% against the previous year. Over the period under review, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 4.6% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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