Peru: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Peru

The Peruvian polishes for coachwork market dropped modestly to $X in 2022, approximately equating the previous year. Overall, consumption showed a relatively flat trend pattern. Polishes for coachwork consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Polishes For Coachwork Production in Peru

In value terms, polishes for coachwork production reduced modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 16% against the previous year. Polishes for coachwork production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Polishes For Coachwork Exports

Exports from Peru

Polishes for coachwork exports from Peru shrank notably to X tons in 2022, reducing by -37.3% on the previous year. In general, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 337%. As a result, the exports reached the peak of X tons, and then declined rapidly in the following year.

In value terms, polishes for coachwork exports reduced rapidly to $X in 2022. Overall, exports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 249%. As a result, the exports reached the peak of $X, and then declined significantly in the following year.

Exports by Country

Chile (X tons) was the main destination for polishes for coachwork exports from Peru, accounting for a 47% share of total exports. Moreover, polishes for coachwork exports to Chile exceeded the volume sent to the second major destination, Guatemala (X tons), fourfold. The third position in this ranking was held by El Salvador (X tons), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume to Chile stood at +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+34.4% per year) and El Salvador (+0.1% per year).

In value terms, Chile ($X) remains the key foreign market for polishes for coachwork exports from Peru, comprising 38% of total exports. The second position in the ranking was held by Ecuador ($X), with a 17% share of total exports. It was followed by Bolivia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile stood at +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+45.7% per year) and Bolivia (-3.0% per year).

Export Prices by Country

The average polishes for coachwork export price stood at $X per ton in 2022, with an increase of 2.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 42% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to El Salvador ($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 Ecuador (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Polishes For Coachwork Imports

Imports into Peru

Polishes for coachwork imports into Peru fell notably to X tons in 2022, which is down by -20.3% on 2021 figures. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.4% 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 +33.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, polishes for coachwork imports contracted notably to $X in 2022. In general, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +53.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 107%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X tons), China (X tons) and Germany (X tons) were the main suppliers of polishes for coachwork imports to Peru, with a combined 71% share of total imports. Colombia, the United States and the UK lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +250.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polishes for coachwork suppliers to Peru were Germany ($X), Brazil ($X) and Colombia ($X), together accounting for 66% of total imports. China, the United States and the UK lagged somewhat behind, together accounting for a further 31%.

The UK, with a CAGR of +305.9%, 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

In 2022, the average polishes for coachwork import price amounted to $X per ton, waning by -7% against the previous year. In general, the import price recorded a mild reduction. The pace of growth appeared the most rapid in 2021 an increase of 24%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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