Peru: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Peru

In 2022, the Peruvian market for mechanical appliances for projecting, dispersing or spraying decreased by -9.2% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +42.9% against 2019 indices. Consumption of peaked at $X in 2021, and then fell in the following year.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from Peru

In 2022, after two years of decline, there was significant growth in shipments abroad of mechanical appliances for projecting, dispersing or spraying, when their volume increased by 19% to X units. Over the period under review, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 311%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying expanded notably to $X in 2022. Overall, exports recorded pronounced growth. The growth pace was the most rapid in 2017 with an increase of 201%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Bolivia (X units), Colombia (X units) and Ecuador (X units) were the main destinations of exports of mechanical appliances for projecting, dispersing or spraying from Peru, with a combined 88% 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 Colombia (with a CAGR of +54.0%), while the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X) remains the key foreign market for mechanical appliances for projecting, dispersing or spraying exports from Peru, comprising 56% of total exports. The second position in the ranking was held by Colombia ($X), with a 27% share of total exports. It was followed by Ecuador, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia totaled +32.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+41.2% per year) and Ecuador (-9.7% per year).

Export Prices by Country

The average export price for mechanical appliances for projecting, dispersing or spraying stood at $X per unit in 2022, declining by -5.9% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 63%. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Panama ($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 Uruguay (+0.8%), while the prices for the other major destinations experienced a decline.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into Peru

In 2022, supplies from abroad of mechanical appliances for projecting, dispersing or spraying decreased by -10.3% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 33%. Imports peaked at X units in 2021, and then dropped in the following year.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying shrank to $X in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 32%. Over the period under review, imports of reached the maximum at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mechanical appliances for projecting, dispersing or spraying to Peru, with a 80% share of total imports. Moreover, imports of mechanical appliances for projecting, dispersing or spraying from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was held by Italy (X units), with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.0% per year) and Italy (+1.4% per year).

In value terms, China ($X) constituted the largest supplier of mechanical appliances for projecting, dispersing or spraying to Peru, comprising 49% of total imports. The second position in the ranking was held by the United States ($X), with an 18% share of total imports. It was followed by Italy, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.8% per year) and Italy (+6.6% per year).

Import Prices by Country

In 2022, the average import price for mechanical appliances for projecting, dispersing or spraying amounted to $X per unit, rising by 2.2% against the previous year. Over the period under review, the import price, however, saw a perceptible decline. The pace of growth was the most pronounced in 2013 when the average import price increased by 18%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Turkey ($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 (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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