Peru: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Peru

The Peruvian prepared additives for cements market reduced rapidly to $X in 2022, with a decrease of -30.4% 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). In general, consumption, however, enjoyed a resilient expansion. Prepared additives for cements consumption peaked at $X in 2021, and then dropped rapidly in the following year.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Peru

After four years of growth, shipments abroad of prepared additives for cements, mortars or concretes decreased by -23.8% to X tons in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 122% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted rapidly in the following year.

In value terms, prepared additives for cements exports shrank to $X in 2022. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 101%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Bolivia (X tons) was the main destination for prepared additives for cements exports from Peru, with a 96% share of total exports. Moreover, prepared additives for cements exports to Bolivia exceeded the volume sent to the second major destination, Ecuador (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia stood at +22.4%.

In value terms, Bolivia ($X) remains the key foreign market for prepared additives for cements, mortars or concretes exports from Peru, comprising 86% of total exports. The second position in the ranking was taken by Ecuador ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bolivia amounted to +12.5%.

Export Prices by Country

The average prepared additives for cements export price stood at $X per ton in 2022, rising by 13% against the previous year. In general, the export price, however, showed a deep setback. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the 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 Bolivia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (-3.4%).

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Peru

In 2022, prepared additives for cements imports into Peru contracted sharply to X tons, with a decrease of -29% against the year before. In general, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2021 with an increase of 135% against the previous year. As a result, imports attained the peak of X tons, and then shrank markedly in the following year.

In value terms, prepared additives for cements imports fell markedly to $X in 2022. Over the period under review, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 104%. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of prepared additives for cements to Peru, with a 34% share of total imports. Moreover, prepared additives for cements imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +45.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+34.6% per year) and South Korea (+51.4% per year).

In value terms, China ($X), Chile ($X) and Brazil ($X) were the largest prepared additives for cements suppliers to Peru, together comprising 58% of total imports. South Korea, Spain, the United States, Colombia, Italy and Germany lagged somewhat behind, together comprising a further 35%.

Among the main suppliers, South Korea, with a CAGR of +47.2%, saw 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

The average prepared additives for cements import price stood at $X per ton in 2022, growing by 4.9% against the previous year. In general, the import price, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2013 when the average import price increased by 30% against the previous year. Over the period under review, average import prices attained the maximum 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 United States ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :