Peru: Market for Plastic Fittings for Tubes, Pipes and Hoses 2024

Market Size for Plastic Fittings for Tubes, Pipes and Hoses in Peru

The Peruvian market for plastic fittings for tubes, pipes and hoses soared to $X in 2021, jumping by 57% 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, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Plastic Fittings for Tubes, Pipes and Hoses

Exports from Peru

In 2021, the amount of plastic fittings for tubes, pipes and hoses exported from Peru surged to X tons, growing by 27% against the previous year's figure. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2015 when exports increased by 98%. Over the period under review, the exports of hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, exports of plastic fittings for tubes, pipes and hoses soared to $X in 2021. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 81% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

Bolivia (X tons), Ecuador (X tons) and Paraguay (X tons) were the main destinations of exports of plastic fittings for tubes, pipes and hoses from Peru, together accounting for 64% of total exports. These countries were followed by Guatemala, Chile, Colombia and Uruguay, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +316.9%), while the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X), Paraguay ($X) and Ecuador ($X) constituted the largest markets for plastic fittings for tubes, pipes and hoses exported from Peru worldwide, together comprising 63% of total exports. These countries were followed by Chile, Colombia, Guatemala and Uruguay, which together accounted for a further 33%.

Among the main countries of destination, Guatemala, with a CAGR of +255.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, picking up by 11% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by 20%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Colombia ($X per ton), while the average price for exports to Guatemala ($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 Uruguay (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Fittings for Tubes, Pipes and Hoses

Imports into Peru

In 2021, imports of plastic fittings for tubes, pipes and hoses into Peru soared to X tons, picking up by 56% compared with the previous year's figure. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +105.9% against 2014 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of plastic fittings for tubes, pipes and hoses skyrocketed to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of plastic fittings for tubes, pipes and hoses to Peru, accounting for a 53% share of total imports. Moreover, imports of plastic fittings for tubes, pipes and hoses from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. The third position in this ranking was held by Chile (X tons), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+70.8% per year) and Chile (+5.9% per year).

In value terms, China ($X) constituted the largest supplier of plastic fittings for tubes, pipes and hoses to Peru, comprising 35% of total imports. The second position in the ranking was held by the United States ($X), with an 8.2% share of total imports. It was followed by Turkey, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.7% per year) and Turkey (+67.7% per year).

Import Prices by Country

The average import price for plastic fittings for tubes, pipes and hoses stood at $X per ton in 2021, almost unchanged from the previous year. In general, the import price saw a mild descent. The growth pace was the most rapid in 2014 an increase of 22% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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