Peru: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Peru

The Peruvian pneumatic linear acting actuator market declined to $X in 2022, dropping by -12.3% 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, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +67.2% against 2015 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Exports of Pneumatic Linear Acting Actuators

Exports from Peru

In 2022, approx. X units of pneumatic linear acting actuators were exported from Peru; surging by 11% on the previous year. Overall, exports, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 674%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, pneumatic linear acting actuator exports soared to $X in 2022. Over the period under review, exports recorded noticeable growth. The most prominent rate of growth was recorded in 2016 with an increase of 749% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Chile (X units), Bolivia (X units) and Mexico (X units) were the main destinations of pneumatic linear acting actuator exports from Peru, together comprising 61% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bolivia (with a CAGR of +49.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) remains the key foreign market for pneumatic linear acting actuators exports from Peru, comprising 36% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 12% share of total exports. It was followed by Bolivia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile totaled +41.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+18.7% per year) and Bolivia (+34.0% per year).

Export Prices by Country

In 2022, the average pneumatic linear acting actuator export price amounted to $X per unit, picking up by 14% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pneumatic linear acting actuator export price decreased by -13.8% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 47%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Panama ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+128.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Peru

In 2022, imports of pneumatic linear acting actuators into Peru fell markedly to X units, shrinking by -16.2% against the previous year. Overall, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 69%. As a result, imports attained the peak of X units, and then fell remarkably in the following year.

In value terms, pneumatic linear acting actuator imports reduced to $X in 2022. In general, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.1% against 2015 indices. The pace of growth appeared the most rapid in 2014 with an increase of 34%. Over the period under review, imports reached the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

China (X units), Brazil (X units) and Germany (X units) were the main suppliers of pneumatic linear acting actuator imports to Peru, together comprising 56% of total imports. The United States, South Korea, Poland, Hungary, Chile, Italy and Mexico lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +53.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Brazil ($X) and China ($X) constituted the largest pneumatic linear acting actuator suppliers to Peru, together accounting for 42% of total imports. The United States, Hungary, Poland, Chile, Italy, South Korea and Mexico lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, Chile, with a CAGR of +39.8%, 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 pneumatic linear acting actuator import price amounted to $X per unit, rising by 6.4% against the previous year. In general, the import price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2018 an increase of 9.8%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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