Peru: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Peru

The Peruvian non-numerically controlled drilling machine market contracted slightly to $X in 2021, which is down by -1.5% 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). Over the period under review, consumption saw a perceptible curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Peru

In 2021, approx. X kg of non-numerically controlled drilling machines for working metal were exported from Peru; falling by -87.2% compared with the previous year. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 615%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-numerically controlled drilling machine exports fell markedly to $X in 2021. Overall, exports recorded a deep contraction. The growth pace was the most rapid in 2015 with an increase of 477%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X kg) was the main destination for non-numerically controlled drilling machine exports from Peru, with a 62% share of total exports. Moreover, non-numerically controlled drilling machine exports to Spain exceeded the volume sent to the second major destination, Guyana (X kg), threefold. Bolivia (X kg) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +32.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (-15.1% per year) and Bolivia (+26.8% per year).

In value terms, Spain ($X) emerged as the key foreign market for non-numerically controlled drilling machines for working metal exports from Peru, comprising 63% of total exports. The second position in the ranking was held by Guyana ($X), with a 23% share of total exports. It was followed by South Africa, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to +42.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (-18.8% per year) and South Africa (+1.1% per year).

Export Prices by Country

The average non-numerically controlled drilling machine export price stood at $X per ton in 2021, with an increase of 22% against the previous year. In general, the export price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 117%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was South Africa ($X per ton), while the average price for exports to Bolivia ($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 Spain (+7.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Peru

Non-numerically controlled drilling machine imports into Peru shrank to X tons in 2021, falling by -10.5% compared with 2020. Overall, imports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 205% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, non-numerically controlled drilling machine imports surged to $X in 2021. In general, imports saw a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 85% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of non-numerically controlled drilling machine imports to Peru, together accounting for 59% of total imports. These countries were followed by Spain, the United States, Taiwan (Chinese), the Netherlands and the Czech Republic, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +45.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of non-numerically controlled drilling machines for working metal to Peru, comprising 45% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 11% share of total imports. It was followed by Italy, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.4% per year) and Italy (+1.6% per year).

Import Prices by Country

In 2021, the average non-numerically controlled drilling machine import price amounted to $X per ton, growing by 29% against the previous year. Over the period under review, the import price, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2014 an increase of 103%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Italy ($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 (+14.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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