Peru: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Peru

The Peruvian machine-tool for working metal market surged to $X in 2021, increasing by 82% 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). Overall, consumption recorded pronounced growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Machine Tools For Working Metal

Exports from Peru

Machine-tool for working metal exports from Peru skyrocketed to X units in 2021, picking up by 926% compared with 2020. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working metal exports skyrocketed to $X in 2021. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,122% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X units) was the main destination for machine-tool for working metal exports from Peru, accounting for a 60% share of total exports. Moreover, machine-tool for working metal exports to Ecuador exceeded the volume sent to the second major destination, Mexico (X units), fivefold. The third position in this ranking was taken by Chile (X units), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ecuador stood at +66.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-4.7% per year) and Chile (-5.9% per year).

In value terms, the largest markets for machine-tool for working metal exported from Peru were Ecuador ($X), the United States ($X) and Chile ($X), with a combined 74% share of total exports.

Among the main countries of destination, Chile, with a CAGR of +76.1%, saw the highest growth rate of 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 machine-tool for working metal export price amounted to $X per unit, reducing by -4.4% against the previous year. In general, the export price, however, posted a tangible expansion. The growth pace was the most rapid in 2018 when the average export price increased by 59% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to the Dominican Republic ($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 the United States (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal

Imports into Peru

In 2021, imports of machine tools for working metal into Peru soared to X units, increasing by 123% on 2020 figures. Overall, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working metal imports surged to $X in 2021. In general, imports, however, recorded a mild setback. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for working metal supplier to Peru, with a 83% share of total imports. Moreover, machine-tool for working metal imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), more than tenfold. The third position in this ranking was taken by Japan (X units), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+9.6% per year) and Japan (+35.4% per year).

In value terms, China ($X) constituted the largest supplier of machine tools for working metal to Peru, comprising 42% of total imports. The second position in the ranking was held by Brazil ($X), with a 5.3% share of total imports. It was followed by the United States, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+11.1% per year) and the United States (-7.8% per year).

Import Prices by Country

In 2021, the average machine-tool for working metal import price amounted to $X per unit, falling by -33.4% against the previous year. Overall, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2014 an increase of 12% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per unit), while the price for China ($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 (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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