Peru: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in Peru

The Peruvian metal pickling preparations market skyrocketed to $X in 2021, increasing by 24% 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, consumption, however, continues to indicate a mild downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Pickling Preparations Exports

Exports from Peru

In 2021, after two years of decline, there was significant growth in shipments abroad of pickling preparations for metal surfaces, when their volume increased by 7.4% to X tons. In general, exports showed a measured expansion. The growth pace was the most rapid in 2018 with an increase of 218% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal pickling preparations exports reduced to $X in 2021. Overall, exports recorded a notable expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 263% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for metal pickling preparations exports from Peru, accounting for a 46% share of total exports. Moreover, metal pickling preparations exports to Brazil exceeded the volume sent to the second major destination, Ecuador (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil stood at -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-11.8% per year) and the United States (-16.8% per year).

In value terms, Brazil ($X) emerged as the key foreign market for pickling preparations for metal surfaces exports from Peru, comprising 55% of total exports. The second position in the ranking was held by the United States ($X), with a 22% share of total exports. It was followed by Chile, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Brazil totaled +23.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-10.9% per year) and Chile (-19.5% per year).

Export Prices by Country

In 2021, the average metal pickling preparations export price amounted to $X per ton, declining by -9.3% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 51%. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Colombia ($X per ton), while the average price for exports to Ecuador ($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 Brazil (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Pickling Preparations Imports

Imports into Peru

In 2021, imports of pickling preparations for metal surfaces into Peru surged to X tons, rising by 44% against 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 100%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, metal pickling preparations imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a mild slump. The most prominent rate of growth was recorded in 2013 when imports increased by 69% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest metal pickling preparations supplier to Peru, with a 34% share of total imports. Moreover, metal pickling preparations imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The third position in this ranking was held by the United States (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +47.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-1.4% per year) and the United States (-13.9% per year).

In value terms, the United States ($X) constituted the largest supplier of pickling preparations for metal surfaces to Peru, comprising 41% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by Mexico, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+42.8% per year) and Mexico (+12.0% per year).

Import Prices by Country

In 2021, the average metal pickling preparations import price amounted to $X per ton, dropping by -17.7% against the previous year. Over the period under review, the import price saw a pronounced contraction. The most prominent rate of growth was recorded in 2019 an increase of 24%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Poland ($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 (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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