Peru: Market for Rubber-to-Metal and Moulded Articles 2024

Market Size for Rubber-to-Metal and Moulded Articles in Peru

In 2021, the Peruvian rubber-to-metal and moulded article market increased by 41% to $X, rising for the fifth year in a row after two years of decline. Over the period under review, consumption saw a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Rubber-to-Metal and Moulded Articles

Exports from Peru

In 2021, approx. X tons of rubber-to-metal and moulded articles were exported from Peru; increasing by 130% against the previous year. Over the period under review, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber-to-metal and moulded article exports soared to $X in 2021. In general, total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 78% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Ecuador (X tons) was the main destination for rubber-to-metal and moulded article exports from Peru, accounting for a 60% share of total exports. Moreover, rubber-to-metal and moulded article exports to Ecuador exceeded the volume sent to the second major destination, Chile (X tons), fourfold. The third position in this ranking was taken by Bolivia (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Ecuador amounted to +42.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+22.6% per year) and Bolivia (+1.7% per year).

In value terms, Ecuador ($X) remains the key foreign market for rubber-to-metal and moulded articles exports from Peru, comprising 51% of total exports. The second position in the ranking was held by Chile ($X), with a 16% share of total exports. It was followed by Colombia, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Ecuador totaled +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+21.4% per year) and Colombia (+9.0% per year).

Export Prices by Country

In 2021, the average rubber-to-metal and moulded article export price amounted to $X per ton, which is down by -34.8% against the previous year. Overall, the export price saw a deep reduction. The pace of growth appeared the most rapid in 2018 an increase of 97% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bolivia ($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 Mexico (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber-to-Metal and Moulded Articles

Imports into Peru

For the third consecutive year, Peru recorded growth in overseas purchases of rubber-to-metal and moulded articles, which increased by 35% to X tons in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +10.6% 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 +102.6% against 2016 indices. The pace of growth was the most pronounced in 2013 when imports increased by 36% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, rubber-to-metal and moulded article imports surged to $X in 2021. In general, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Thailand (X tons) and the United States (X tons) were the main suppliers of rubber-to-metal and moulded article imports to Peru, together accounting for 51% of total imports. These countries were followed by Malaysia, Turkey, India and Chile, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +62.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rubber-to-metal and moulded article suppliers to Peru were the United States ($X), China ($X) and Thailand ($X), together comprising 40% of total imports. Malaysia, Chile, Turkey and India lagged somewhat behind, together comprising a further 12%.

In terms of the main suppliers, Malaysia, with a CAGR of +64.3%, saw the highest growth rate of 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 rubber-to-metal and moulded article import price stood at $X per ton in 2021, picking up by 7.7% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2020 an increase of 23%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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