Peru: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Peru

The Peruvian natural stone sett market shrank slightly to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, posted a buoyant increase. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Natural Stone Sett Production in Peru

In value terms, natural stone sett production declined slightly to $X in 2022 estimated in export price. Overall, production, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 37%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Natural Stone Sett Exports

Exports from Peru

After three years of growth, shipments abroad of natural stone setts, kerbstones and flagstones decreased by -40.2% to X tons in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 3,639% against the previous year. The exports peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, natural stone sett exports fell sharply to $X in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 5,488% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Portugal (X tons) was the main destination for natural stone sett exports from Peru, accounting for a 45% share of total exports. Moreover, natural stone sett exports to Portugal exceeded the volume sent to the second major destination, Australia (X tons), eightfold. Germany (X tons) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+2.5% per year) and Germany (0.0% per year).

In value terms, Portugal ($X) emerged as the key foreign market for natural stone setts, kerbstones and flagstones exports from Peru, comprising 46% of total exports. The second position in the ranking was taken by Australia ($X), with a 4.3% share of total exports. It was followed by Japan, with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+20.8% per year) and Japan (+11.9% per year).

Export Prices by Country

In 2022, the average natural stone sett export price amounted to $X per ton, with an increase of 3.2% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2013 an increase of 49%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Germany ($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 Australia (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Natural Stone Sett Imports

Imports into Peru

After two years of decline, purchases abroad of natural stone setts, kerbstones and flagstones increased by 36% to X tons in 2022. Overall, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 127% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, natural stone sett imports skyrocketed to $X in 2022. In general, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 229%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ecuador (X tons) was the main supplier of natural stone sett to Peru, with a 98% share of total imports. It was followed by Canada (X kg), with a 1.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Ecuador totaled -12.6%.

In value terms, Ecuador ($X) constituted the largest supplier of natural stone setts, kerbstones and flagstones to Peru, comprising 76% of total imports. The second position in the ranking was held by Canada ($X), with a 2.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Ecuador totaled -12.0%.

Import Prices by Country

The average natural stone sett import price stood at $X per ton in 2022, falling by -7.6% against the previous year. Over the period under review, the import price recorded a slight decrease. The most prominent rate of growth was recorded in 2015 an increase of 55% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Ecuador totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+0.7%).

Source: IndexBox Platform

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