Peru: Other Agglomerates Market 2024

Other Agglomerates Market Size in Peru

The Peruvian other agglomerates market contracted markedly to $X in 2022, shrinking by -24.6% against the previous year. In general, consumption, however, recorded significant growth. Other agglomerates consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Other Agglomerates Production in Peru

In value terms, other agglomerates production expanded slightly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 12% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Other Agglomerates Exports

Exports from Peru

In 2022, overseas shipments of other agglomerates increased by 34% to X tons, rising for the third consecutive year after five years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 144%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, other agglomerates exports dropped remarkably to $X in 2022. Overall, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by 706%. As a result, the exports attained the peak of $X, and then contracted dramatically in the following year.

Exports by Country

India (X tons), Germany (X tons) and Japan (X tons) were the main destinations of other agglomerates exports from Peru, with a combined 71% share 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 Japan (with a CAGR of +346.0%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) emerged as the key foreign market for other agglomerates exports from Peru, comprising 30% of total exports. The second position in the ranking was held by Japan ($X), with a 14% share of total exports. It was followed by India, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+45.6% per year) and India (0.0% per year).

Export Prices by Country

The average other agglomerates export price stood at $X per ton in 2022, falling by -58.1% against the previous year. Over the period under review, the export price, however, showed strong growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 335% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to India ($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 Poland (+1,368.5%), while the prices for the other major destinations experienced more modest paces of growth.

Other Agglomerates Imports

Imports into Peru

Other agglomerates imports into Peru reduced notably to X tons in 2022, waning by -20.8% on 2021 figures. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 1,519%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, other agglomerates imports fell remarkably to $X in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 660% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Portugal (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of other agglomerates imports to Peru, together accounting for 91% of total imports. Italy, the United States and France lagged somewhat behind, together comprising a further 7.6%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +127.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest other agglomerates suppliers to Peru were the United States ($X), Portugal ($X) and Spain ($X), together comprising 62% of total imports. France, Germany and Italy lagged somewhat behind, together comprising a further 28%.

Among the main suppliers, Italy, with a CAGR of +96.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average other agglomerates import price stood at $X per ton in 2022, growing by 3.7% against the previous year. Overall, the import price showed a notable increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 72% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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