Peru: Machine-Tool For Drilling Market 2025

Machine-Tool For Drilling Market Size in Peru

After four years of growth, the Peruvian machine-tool for drilling market decreased by -14% to $X in 2022. Over the period under review, consumption, however, showed a temperate increase. Machine-tool for drilling consumption peaked at $X in 2021, and then declined in the following year.

Machine-Tool For Drilling Exports

Exports from Peru

In 2022, overseas shipments of machine-tools for drilling, boring or milling metal decreased by -18.2% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 167%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, machine-tool for drilling exports reduced rapidly to $X in 2022. In general, exports recorded a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 199% against the previous year. As a result, the exports attained the peak of $X, and then dropped sharply in the following year.

Exports by Country

Spain (X units), Guyana (X units) and Ecuador (X units) were the main destinations of machine-tool for drilling exports from Peru, together accounting for 78% of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +17.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) remains the key foreign market for machine-tools for drilling, boring or milling metal exports from Peru, comprising 61% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 26% share of total exports. It was followed by Spain, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value to Chile stood at +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-18.0% per year) and Spain (+46.3% per year).

Export Prices by Country

In 2022, the average machine-tool for drilling export price amounted to $X per unit, falling by -68.5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 336%. As a result, the export price attained the peak level of $X per unit, and then dropped significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Guyana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+161.1%), while the prices for the other major destinations experienced more modest paces of growth.

Machine-Tool For Drilling Imports

Imports into Peru

In 2022, machine-tool for drilling imports into Peru dropped dramatically to X units, falling by -20% on 2021 figures. In general, imports, however, showed a measured increase. The most prominent rate of growth was recorded in 2019 with an increase of 135%. Imports peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, machine-tool for drilling imports reduced to $X in 2022. Overall, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.9% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 52% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest machine-tool for drilling supplier to Peru, with a 85% share of total imports. Moreover, machine-tool for drilling imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), more than tenfold. The third position in this ranking was held by the United States (X units), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+13.1% per year) and the United States (+5.8% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for drilling, boring or milling metal to Peru, comprising 30% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports. It was followed by Italy, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.0% per year) and Italy (-2.2% per year).

Import Prices by Country

In 2022, the average machine-tool for drilling import price amounted to $X per unit, growing by 16% against the previous year. Over the period under review, the import price, however, showed a perceptible contraction. The pace of growth appeared the most rapid in 2020 an increase of 79%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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