Peru: Market for Motor Vehicle Chassis Fitted With Engines 2025

Market Size for Motor Vehicle Chassis Fitted With Engines in Peru

The Peruvian market for motor vehicle chassis fitted with engines contracted to $X in 2022, with a decrease of -10.4% 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 faced a deep reduction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports from Peru

In 2022, the amount of motor vehicle chassis fitted with engines exported from Peru contracted sharply to X units, falling by -25% against the previous year. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 483%. Over the period under review, the exports of reached the maximum at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, exports of motor vehicle chassis fitted with engines shrank sharply to $X in 2022. Over the period under review, exports recorded a slight descent. The most prominent rate of growth was recorded in 2014 with an increase of 504%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

The United States (X units) and Chile (X units) were the main destinations of exports of motor vehicle chassis fitted with engines from Peru. Moreover, exports of motor vehicle chassis fitted with engines in the United States exceeded the figures recorded by the second-largest exporter, Chile, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +7.2%).

In value terms, the United States ($X) remains the key foreign market for motor vehicle chassis fitted with engines exports from Peru, comprising 100% of total exports. The second position in the ranking was held by Chile ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +41.6%.

Export Prices by Country

In 2022, the average export price for motor vehicle chassis fitted with engines amounted to $X per unit, with a decrease of -21% against the previous year. Overall, the export price, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 1,176%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Chile totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+32.1%).

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into Peru

In 2022, imports of motor vehicle chassis fitted with engines into Peru shrank to X units, falling by -7.3% on the previous year. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 81%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of motor vehicle chassis fitted with engines dropped to $X in 2022. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by 59% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X units) constituted the largest motor vehicle chassis fitted with engines supplier to Peru, accounting for a 54% share of total imports. Moreover, imports of motor vehicle chassis fitted with engines from Brazil exceeded the figures recorded by the second-largest supplier, Japan (X units), fivefold. Colombia (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-13.6% per year) and Colombia (-10.9% per year).

In value terms, Brazil ($X) constituted the largest supplier of motor vehicle chassis fitted with engines to Peru, comprising 52% of total imports. The second position in the ranking was taken by Colombia ($X), with a 7.3% share of total imports. It was followed by Japan, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to -16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-15.3% per year) and Japan (-18.7% per year).

Import Prices by Country

The average import price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, declining by -4.6% against the previous year. Over the period under review, the import price continues to indicate a pronounced slump. The growth pace was the most rapid in 2014 when the average import price increased by 13% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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