Peru: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Peru

In 2022, the Peruvian market for machine-tools for working stone, ceramics, and concrete decreased by -21.8% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption, however, saw a temperate increase. Over the period under review, the market attained the peak level at $X in 2021, and then shrank markedly in the following year.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Peru

In 2022, approx. X units of machine-tools for working stone, ceramics, and concrete were exported from Peru; with a decrease of -3.2% compared with the previous year's figure. Overall, exports recorded a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 259% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, machine tools for working stone exports shrank to $X in 2022. In general, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of 144%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X units), Colombia (X units) and Mexico (X units) were the main destinations of machine tools for working stone exports from Peru, with a combined 93% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +4.5%), while the other leaders experienced a decline.

In value terms, the largest markets for machine tools for working stone exported from Peru were Colombia ($X), Mexico ($X) and Spain ($X), with a combined 83% share of total exports.

Colombia, with a CAGR of +7.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, reducing by -2.5% against the previous year. Over the period under review, the export price recorded a noticeable contraction. The growth pace was the most rapid in 2018 when the average export price increased by 68% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to Spain ($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 Ecuador (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Peru

In 2022, after three years of growth, there was significant decline in supplies from abroad of machine-tools for working stone, ceramics, and concrete, when their volume decreased by -16.4% to X units. In general, imports, however, showed a strong expansion. The growth pace was the most rapid in 2017 when imports increased by 174% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then reduced dramatically in the following year.

In value terms, machine tools for working stone imports declined markedly to $X in 2022. Overall, imports, however, enjoyed a mild expansion. The pace of growth was the most pronounced in 2021 when imports increased by 94% against the previous year. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of machine tools for working stone to Peru, accounting for a 20% share of total imports. Moreover, machine tools for working stone imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), fourfold. Spain (X units) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+28.6% per year) and Spain (-1.0% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to Peru, comprising 26% of total imports. The second position in the ranking was taken by Brazil ($X), with a 7.6% share of total imports. It was followed by the United States, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+19.5% per year) and the United States (+5.8% per year).

Import Prices by Country

The average import price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, waning by -9.3% against the previous year. In general, the import price recorded a noticeable setback. The pace of growth appeared the most rapid in 2013 an increase of 8.1%. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, 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 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 the United States (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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