Peru: Moulds For Metal Market 2024

Moulds For Metal Market Size in Peru

In 2022, the Peruvian moulds for metal market was finally on the rise to reach $X after two years of decline. Overall, consumption enjoyed a mild expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Moulds For Metal Exports

Exports from Peru

After two years of growth, shipments abroad of moulds for metals decreased by -10.9% to X tons in 2022. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 106% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, moulds for metal exports totaled $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 71% against the previous year. 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

The United States (X tons), Bolivia (X tons) and Chile (X tons) were the main destinations of moulds for metal exports from Peru, together comprising 87% 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 Bolivia (with a CAGR of -1.1%), while the other leaders experienced a decline.

In value terms, the United States ($X) emerged as the key foreign market for moulds for metals exports from Peru, comprising 51% of total exports. The second position in the ranking was held by Chile ($X), with a 25% share of total exports. It was followed by Bolivia, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-14.6% per year) and Bolivia (-12.4% per year).

Export Prices by Country

The average moulds for metal export price stood at $X per ton in 2022, increasing by 16% against the previous year. In general, the export price, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 58%. The export price peaked at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Moulds For Metal Imports

Imports into Peru

After two years of decline, supplies from abroad of moulds for metals increased by 4.2% to X tons in 2022. Over the period under review, imports, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2017 with an increase of 149%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, moulds for metal imports expanded to $X in 2022. In general, imports saw notable growth. The growth pace was the most rapid in 2017 when imports increased by 340% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), South Korea (X tons) and China (X tons) were the main suppliers of moulds for metal imports to Peru, together accounting for 37% of total imports. Portugal, Canada, Italy, Spain, Ecuador, Brazil, Chile and Colombia lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +24.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest moulds for metal suppliers to Peru were the United States ($X), South Korea ($X) and Canada ($X), together comprising 31% of total imports.

Canada, with a CAGR of +17.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average moulds for metal import price amounted to $X per ton, stabilizing at the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, moulds for metal import price increased by +1.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 77%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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 Brazil ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform