Peru: Motor Vehicle Engine Market 2025

Motor Vehicle Engine Market Size in Peru

The Peruvian motor vehicle engine market surged to $X in 2021, rising by 46% 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). The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Motor Vehicle Engine Exports

Exports from Peru

Motor vehicle engine exports from Peru declined modestly to X tons in 2021, dropping by -4.6% compared with the previous year's figure. Overall, exports continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 200%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, motor vehicle engine exports stood at $X in 2021. In general, exports, however, recorded a noticeable increase. The growth pace was the most rapid in 2015 when exports increased by 213%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X kg) was the main destination for motor vehicle engine exports from Peru, with a 80% share of total exports. Moreover, motor vehicle engine exports to Chile exceeded the volume sent to the second major destination, the United States (X kg), sevenfold. The third position in this ranking was taken by Colombia (X kg), with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile stood at +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-13.1% per year) and Colombia (-9.3% per year).

In value terms, Chile ($X) remains the key foreign market for motor vehicle engines (spark-ignition) exports from Peru, comprising 83% of total exports. The second position in the ranking was taken by the United States ($X), with a 9.2% share of total exports. It was followed by Colombia, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value to Chile totaled +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-10.8% per year) and Colombia (-8.0% per year).

Export Prices by Country

The average motor vehicle engine export price stood at $X per ton in 2021, increasing by 16% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, motor vehicle engine export price decreased by -11.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 65% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Chile ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Suriname (+756.3%), while the prices for the other major destinations experienced more modest paces of growth.

Motor Vehicle Engine Imports

Imports into Peru

In 2021, motor vehicle engine imports into Peru skyrocketed to X tons, growing by 37% on the year before. In general, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.4% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, motor vehicle engine imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of motor vehicle engine to Peru, with a 98% share of total imports. It was followed by Japan (X tons), with a 1.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +5.8%.

In value terms, China ($X) constituted the largest supplier of motor vehicle engines (spark-ignition) to Peru, comprising 95% of total imports. The second position in the ranking was held by Japan ($X), with a 2.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +6.3%.

Import Prices by Country

In 2021, the average motor vehicle engine import price amounted to $X per ton, picking up by 8.1% against the previous year. Over the period under review, the import price, however, saw a slight contraction. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+6.3%).

Source: IndexBox Platform

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