Peru: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in Peru

The Peruvian non-hydraulic press market soared to $X in 2021, jumping by 104% 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). In general, consumption continues to indicate a temperate increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Non-Hydraulic Press Exports

Exports from Peru

In 2021, non-hydraulic press exports from Peru surged to X units, jumping by 100% compared with the previous year. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 267%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, non-hydraulic press exports surged to $X in 2021. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ecuador (X units) was the main destination for non-hydraulic press exports from Peru, with a 55% share of total exports. Moreover, non-hydraulic press exports to Ecuador exceeded the volume sent to the second major destination, Free Zones (X units), fourfold. The third position in this ranking was held by Bolivia (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ecuador totaled +56.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (+26.0% per year) and Bolivia (+91.3% per year).

In value terms, the largest markets for non-hydraulic press exported from Peru were Israel ($X), Mexico ($X) and Free Zones ($X), together comprising 86% of total exports. Bolivia, Ecuador, Panama, Colombia, Spain, the United States and Costa Rica lagged somewhat behind, together comprising a further 14%.

In terms of the main countries of destination, Costa Rica, with a CAGR of +111.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average non-hydraulic press export price amounted to $X per unit, rising by 283% against the previous year. Overall, the export price recorded a significant expansion. The growth pace was the most rapid in 2013 an increase of 438%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+48.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Hydraulic Press Imports

Imports into Peru

For the fifth year in a row, Peru recorded growth in supplies from abroad of non-hydraulic presses for working metal, which increased by 138% to X units in 2021. In general, imports recorded prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 349% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, non-hydraulic press imports expanded markedly to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by 224% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest non-hydraulic press supplier to Peru, accounting for a 40% share of total imports. Moreover, non-hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, Canada (X units), fivefold. The third position in this ranking was held by South Korea (X units), with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+71.5% per year) and South Korea (+53.4% per year).

In value terms, the largest non-hydraulic press suppliers to Peru were Italy ($X), China ($X) and South Korea ($X), together accounting for 69% of total imports.

South Korea, with a CAGR of +40.0%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average non-hydraulic press import price amounted to $X per unit, reducing by -54.9% against the previous year. Over the period under review, the import price faced a deep slump. The pace of growth appeared the most rapid in 2013 an increase of 46% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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