Peru: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in Peru

The Peruvian market for parts of apparatus of hs soared to $X in 2021, growing by 46% 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). Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Parts Of Apparatus Of Hs

Exports from Peru

In 2021, the amount of parts of apparatus of hs exported from Peru dropped significantly to X units, waning by -64.4% on 2020 figures. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 290% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, parts of apparatus of hs exports shrank markedly to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 213%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X units) was the main destination for parts of apparatus of hs exports from Peru, accounting for a 261% share of total exports. Moreover, parts of apparatus of hs exports to Chile exceeded the volume sent to the second major destination, Bolivia (X units), more than tenfold. The third position in this ranking was held by Colombia (X units), with a 20% share.

From 2012 to 2021, the average annual growth rate of volume to Chile stood at +60.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-9.5% per year) and Colombia (+81.1% per year).

In value terms, Chile ($X) remains the key foreign market for parts of apparatus of hs exports from Peru, comprising 84% of total exports. The second position in the ranking was taken by Colombia ($X), with a 35% share of total exports. It was followed by the United States, with a 20% share.

From 2012 to 2021, the average annual growth rate of value to Chile amounted to +63.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+80.6% per year) and the United States (+5.4% per year).

Export Prices by Country

In 2021, the average export price for parts of apparatus of hs amounted to $X per unit, with an increase of 103% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Bolivia ($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 Chile (+1.6%), while the prices for the other major destinations experienced a decline.

Imports of Parts Of Apparatus Of Hs

Imports into Peru

In 2021, imports of parts of apparatus of hs into Peru soared to X units, jumping by 36% against the previous year's figure. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, parts of apparatus of hs imports surged to $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest parts of apparatus of hs supplier to Peru, accounting for a 84% share of total imports. Moreover, parts of apparatus of hs imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), more than tenfold. The third position in this ranking was taken by Vietnam (X units), with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+5.0% per year) and Vietnam (+4.4% per year).

In value terms, China ($X) constituted the largest supplier of parts of apparatus of hs to Peru, comprising 54% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 5.6% share of total imports. It was followed by Mexico, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+19.3% per year) and Mexico (+4.6% per year).

Import Prices by Country

The average import price for parts of apparatus of hs stood at $X per unit in 2021, with an increase of 8.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.7%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 19%. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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