Report Update Nov 1, 2024

Peru - Machines for Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Market for Machines For Balancing Mechanical Parts 2024

Market Size for Machines For Balancing Mechanical Parts in Peru

The Peruvian balancing mechanical parts machine market soared to $X in 2021, rising by 147% 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 enjoyed a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Machines For Balancing Mechanical Parts

Exports from Peru

In 2021, balancing mechanical parts machine exports from Peru reduced remarkably to X units, which is down by -96.9% compared with the year before. Over the period under review, exports showed a sharp reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 700%. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, balancing mechanical parts machine exports reduced markedly to $X in 2021. Overall, exports faced a significant decrease. The growth pace was the most rapid in 2020 when exports increased by 1,007%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Ecuador (X units) was the main destination for balancing mechanical parts machine exports from Peru, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Ecuador amounted to -22.9%.

In value terms, Ecuador ($X) emerged as the key foreign market for machines for balancing mechanical parts exports from Peru, comprising 95% of total exports. The second position in the ranking was held by the United States ($X), with a 5.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador amounted to -19.0%.

Export Prices by Country

In 2021, the average balancing mechanical parts machine export price amounted to $X per unit, declining by -39.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 105% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then reduced notably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ecuador ($X per unit), while the average price for exports to the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+9.6%), while the prices for the other major destinations experienced a decline.

Imports of Machines For Balancing Mechanical Parts

Imports into Peru

In 2021, the amount of machines for balancing mechanical parts imported into Peru skyrocketed to X units, picking up by 174% against 2020 figures. In general, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, balancing mechanical parts machine imports soared to $X in 2021. Over the period under review, imports showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest balancing mechanical parts machine supplier to Peru, with a 62% share of total imports. Moreover, balancing mechanical parts machine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. Italy (X units) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.0% per year) and Italy (+23.3% per year).

In value terms, China ($X), the United States ($X) and Italy ($X) were the largest balancing mechanical parts machine suppliers to Peru, together accounting for 74% of total imports. These countries were followed by Germany, Brazil and India, which together accounted for a further 21%.

Among the main suppliers, India, with a CAGR of +42.4%, saw 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 balancing mechanical parts machine import price stood at $X per unit in 2021, with a decrease of -25.1% against the previous year. In general, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 an increase of 29% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for India ($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 (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machines for balancing mechanical parts in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, together comprising 44% of global consumption. These countries were followed by India, Japan, Russia, Thailand, Indonesia, Turkey, Mexico, Poland, Saudi Arabia and Italy, which together accounted for a further 33%.

What are the largest producers of machines for balancing mechanical parts in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 40% share of global production. Italy, Germany, Japan, Russia, Thailand, Indonesia, Mexico, Turkey, Saudi Arabia and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 48%.

What are the leading suppliers of machines for balancing mechanical parts to Peru?

In value terms, the largest balancing mechanical parts machine suppliers to Peru were China, the United States and Germany, with a combined 81% share of total imports. Italy, India and Brazil lagged somewhat behind, together accounting for a further 14%.

What are the leading importers of machines for balancing mechanical parts from Peru?

In value terms, Ecuador remains the key foreign market for balancing mechanical parts machine exports from Peru.

What is the average export price for machines for balancing mechanical parts in Peru?

In 2021, the average balancing mechanical parts machine export price amounted to $2,126 per unit, reducing by -18.8% against the previous year.

What is the average import price for machines for balancing mechanical parts in Peru?

The average balancing mechanical parts machine import price stood at $405 per unit in 2021, rising by 21% against the previous year.

This report provides an in-depth analysis of the market for balancing mechanical parts machine in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28993970 - Machines for balancing mechanical parts

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023