Peru: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Peru

In 2022, after three years of growth, there was significant decline in the Peruvian market for plastics pipes and pipe fittings, when its value decreased by -16.2% to $X. Overall, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +82.9% against 2018 indices. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Exports of Plastics Pipes And Pipe Fittings

Exports from Peru

In 2022, overseas shipments of plastics pipes and pipe fittings were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by 189% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, plastics pipe and pipe fitting exports expanded rapidly to $X in 2022. In general, exports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2015 with an increase of 150% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons), Bolivia (X tons) and Colombia (X tons) were the main destinations of plastics pipe and pipe fitting exports from Peru, with a combined 51% share of total exports. Panama, Guatemala, Chile, Paraguay, Cuba and Honduras lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Paraguay (with a CAGR of +97.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastics pipe and pipe fitting exported from Peru were Ecuador ($X), Bolivia ($X) and Colombia ($X), together accounting for 44% of total exports. Chile, Guatemala, Paraguay, Panama, Cuba and Honduras lagged somewhat behind, together comprising a further 43%.

In terms of the main countries of destination, Paraguay, with a CAGR of +112.5%, 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

In 2022, the average export price for plastics pipes and pipe fittings amounted to $X per ton, dropping by -15% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastics pipe and pipe fitting export price increased by +28.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 42% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Honduras ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Peru

After three years of growth, purchases abroad of plastics pipes and pipe fittings decreased by -11.4% to X tons in 2022. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 69% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, plastics pipe and pipe fitting imports dropped dramatically to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 48%. As a result, imports attained the peak of $X, and then declined notably in the following year.

Imports by Country

The United States (X tons), China (X tons) and Chile (X tons) were the main suppliers of plastics pipe and pipe fitting imports to Peru, with a combined 64% share of total imports. Colombia, Spain, Turkey, Mexico, Argentina, Italy, Israel and Ecuador lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +25.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Chile ($X) appeared to be the largest plastics pipe and pipe fitting suppliers to Peru, with a combined 54% share of total imports. Colombia, Israel, Turkey, Spain, Argentina, Italy, Mexico and Ecuador lagged somewhat behind, together accounting for a further 31%.

Among the main suppliers, Turkey, with a CAGR of +28.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for plastics pipes and pipe fittings amounted to $X per ton, shrinking by -5.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 21% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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 Israel ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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