Peru: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Peru

In 2021, after two years of decline, there was significant growth in the Peruvian market for plastic hoses and hose fittings, when its value increased by 28% to $X. Overall, consumption showed a relatively flat trend pattern. Plastic hose and hose fitting consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from Peru

In 2021, after four years of growth, there was significant decline in shipments abroad of plastic hoses and hose fittings, when their volume decreased by -9.4% to X tons. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 181% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then dropped in the following year.

In value terms, plastic hose and hose fitting exports expanded significantly to $X in 2021. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 169% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Chile (X tons), Ecuador (X tons) and Colombia (X tons) were the main destinations of plastic hose and hose fitting exports from Peru, with a combined 66% share of total exports. These countries were followed by Mexico, Bolivia, Honduras, Guatemala and Argentina, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +141.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Ecuador ($X) and Colombia ($X) appeared to be the largest markets for plastic hose and hose fitting exported from Peru worldwide, with a combined 72% share of total exports. These countries were followed by Mexico, Honduras, Guatemala, Bolivia and Argentina, which together accounted for a further 23%.

In terms of the main countries of destination, Mexico, with a CAGR of +122.9%, saw the highest growth rate of 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

In 2021, the average export price for plastic hoses and hose fittings amounted to $X per ton, jumping by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2016 when the average export price increased by 26%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Ecuador ($X per ton), while the average price for exports to Bolivia ($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 Guatemala (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Peru

In 2021, purchases abroad of plastic hoses and hose fittings increased by 8.2% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 30% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, plastic hose and hose fitting imports soared to $X in 2021. The total import value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern 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

China (X tons), Chile (X tons) and Mexico (X tons) were the main suppliers of plastic hose and hose fitting imports to Peru, with a combined 62% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +31.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and Chile ($X) were the largest plastic hose and hose fitting suppliers to Peru, together comprising 51% of total imports.

Mexico, with a CAGR of +24.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for plastic hoses and hose fittings stood at $X per ton in 2021, picking up by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a mild slump. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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