Report Update Nov 1, 2024

Peru - Ploughs for Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Plough Market 2024

Plough Exports

Exports from Peru

In 2022, overseas shipments of ploughs for agricultural purposes decreased by -25% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 150% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, plough exports reduced sharply to $X in 2022. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 335%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Guatemala (X units) and Ecuador (X units) were the main destinations of plough exports from Peru. Moreover, plough exports in Guatemala exceeded the figures recorded by the second-largest exporter, Ecuador, twofold.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of 0.0%).

In value terms, Guatemala ($X) and Ecuador ($X) constituted the largest markets for plough exported from Peru worldwide.

Ecuador, with a CAGR of +27.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average plough export price amounted to $X per unit, dropping by -1.5% against the previous year. Over the period under review, the export price, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 an increase of 156% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to Guatemala stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+10.4%).

Plough Imports

Imports into Peru

In 2022, after three years of growth, there was significant decline in purchases abroad of ploughs for agricultural purposes, when their volume decreased by -12.2% to X units. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 37%. Over the period under review, imports attained the peak figure at X units in 2021, and then dropped in the following year.

In value terms, plough imports declined to $X in 2022. In general, imports, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2017 with an increase of 52%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

China (X units), Mexico (X units) and Brazil (X units) were the main suppliers of plough imports to Peru, together comprising 89% of total imports. These countries were followed by Chile and France, which together accounted for a further 3.8%.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +20.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plough suppliers to Peru were China ($X), Mexico ($X) and Brazil ($X), together accounting for 91% of total imports. These countries were followed by Chile and France, which together accounted for a further 3.2%.

In terms of the main suppliers, Chile, with a CAGR of +20.3%, 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 plough import price amounted to $X per unit, standing approx. at the previous year. Overall, the import price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ploughs for agricultural purposes in the world?

The country with the largest volume of plough consumption was Nigeria, accounting for 35% of total volume. Moreover, plough consumption in Nigeria exceeded the figures recorded by the second-largest consumer, the United States, sixfold. Norway ranked third in terms of total consumption with a 5% share.

What are the largest producers of ploughs for agricultural purposes in the world?

The countries with the highest volumes of plough production in 2021 were France, Norway and Germany, together accounting for 39% of global production. China, Turkey, the United States, South Africa, the Czech Republic, Italy, Brazil, Thailand and Zimbabwe lagged somewhat behind, together accounting for a further 50%.

What are the leading suppliers of ploughs for agricultural purposes to Peru?

In value terms, Mexico, China and Brazil constituted the largest plough suppliers to Peru, together comprising 83% of total imports. Spain, India, France and Belize lagged somewhat behind, together accounting for a further 9%.

What are the leading importers of ploughs for agricultural purposes from Peru?

In value terms, Ecuador remains the key foreign market for plough exports from Peru.

What is the average export price for ploughs for agricultural purposes in Peru?

The average plough export price stood at $2,299 per unit in 2021, surging by 20% against the previous year.

What is the average import price for ploughs for agricultural purposes in Peru?

The average plough import price stood at $660 per unit in 2021, approximately mirroring the previous year.

This report provides an in-depth analysis of the plough market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28303130 -
Prodcom 28303150 -

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023