Peru: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Peru

The Peruvian polyphenols and phenol-alcohols market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, recorded a perceptible decrease. Polyphenols and phenol-alcohols consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports from Peru

In 2022, shipments abroad of polyphenols and phenol-alcohols was finally on the rise to reach X kg for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, showed a abrupt descent. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyphenols and phenol-alcohols exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt descent. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X kg) was the main destination for polyphenols and phenol-alcohols exports from Peru, with a 63% share of total exports. Moreover, polyphenols and phenol-alcohols exports to Ecuador exceeded the volume sent to the second major destination, Bolivia (X kg), threefold. The third position in this ranking was held by Chile (X kg), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador amounted to -15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-11.6% per year) and Chile (-20.3% per year).

In value terms, Ecuador ($X), Colombia ($X) and Bolivia ($X) were the largest markets for polyphenols and phenol-alcohols exported from Peru worldwide, together comprising 85% of total exports.

In terms of the main countries of destination, Bolivia, with a CAGR of -7.5%, 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 a decline.

Export Prices by Country

The average polyphenols and phenol-alcohols export price stood at $X per ton in 2022, jumping by 30% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 37%. The export price peaked at $X per ton in 2017; however, from 2018 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 Colombia ($X per ton), while the average price for exports to Ecuador ($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 India (+84.8%), while the prices for the other major destinations experienced more modest paces of growth.

Polyphenols And Phenol-Alcohols Imports

Imports into Peru

In 2022, overseas purchases of polyphenols and phenol-alcohols increased by 36% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt curtailment. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols imports rose markedly to $X in 2022. Overall, imports, however, showed a slight curtailment. The pace of growth was the most pronounced in 2017 with an increase of 23%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of polyphenols and phenol-alcohols to Peru, accounting for a 41% share of total imports. Moreover, polyphenols and phenol-alcohols imports from the United States exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Colombia (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.4% per year) and Colombia (+21.0% per year).

In value terms, the United States ($X) constituted the largest supplier of polyphenols and phenol-alcohols to Peru, comprising 42% of total imports. The second position in the ranking was taken by India ($X), with a 19% share of total imports. It was followed by Colombia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.3% per year) and Colombia (+16.2% per year).

Import Prices by Country

The average polyphenols and phenol-alcohols import price stood at $X per ton in 2022, with a decrease of -19.9% against the previous year. Over the period under review, the import price, however, recorded perceptible growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 44% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Mexico ($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 United States (+6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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