Peru: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Peru

The Peruvian market for organo-sulphur compounds and other organo-inorganic compounds fell markedly to $X in 2022, declining by -25.6% 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 showed a slight shrinkage. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports from Peru

In 2022, exports of organo-sulphur compounds and other organo-inorganic compounds from Peru shrank dramatically to X tons, which is down by -55.7% compared with the previous year. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 156%. As a result, the exports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds reduced dramatically to $X in 2022. In general, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 167% against the previous year. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

Bolivia (X tons) was the main destination for exports of organo-sulphur compounds and other organo-inorganic compounds from Peru, accounting for a 53% share of total exports. Moreover, exports of organo-sulphur compounds and other organo-inorganic compounds to Bolivia exceeded the volume sent to the second major destination, Chile (X tons), threefold. Ecuador (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+9.4% per year) and Ecuador (+5.3% per year).

In value terms, Bolivia ($X) remains the key foreign market for organo-sulphur compounds and other organo-inorganic compounds exports from Peru, comprising 51% of total exports. The second position in the ranking was held by Chile ($X), with an 18% share of total exports. It was followed by Ecuador, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Bolivia stood at +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+15.8% per year) and Ecuador (+7.6% per year).

Export Prices by Country

In 2022, the average export price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, surging by 87% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for organo-sulphur compounds and other organo-inorganic compounds increased by +94.9% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Argentina ($X per ton) and Chile ($X per ton), while the average price for exports to Bolivia ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports into Peru

In 2022, supplies from abroad of organo-sulphur compounds and other organo-inorganic compounds decreased by -34.3% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 23%. As a result, imports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds shrank notably to $X in 2022. Over the period under review, imports showed a slight curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 44%. Over the period under review, imports of attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest organo-sulphur compounds and other organo-inorganic compounds supplier to Peru, with a 59% share of total imports. Moreover, imports of organo-sulphur compounds and other organo-inorganic compounds from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. Belgium (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.8% per year) and Belgium (-4.5% per year).

In value terms, China ($X) constituted the largest supplier of organo-sulphur compounds and other organo-inorganic compounds to Peru, comprising 56% of total imports. The second position in the ranking was held by the United States ($X), with a 9.7% share of total imports. It was followed by Belgium, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.8% per year) and Belgium (-8.0% per year).

Import Prices by Country

In 2022, the average import price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, picking up by 15% against the previous year. Over the period under review, the import price, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2021 an increase of 18%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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