Peru: Prepared Binders Market 2024

Prepared Binders Market Size in Peru

The Peruvian prepared binders market soared to $X in 2021, jumping by 94% 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, consumption showed a buoyant increase. Prepared binders consumption peaked in 2021 and is expected to retain growth in the near future.

Prepared Binders Exports

Exports from Peru

Prepared binders exports from Peru soared to X tons in 2021, picking up by 78% compared with the year before. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 468% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, prepared binders exports soared to $X in 2021. In general, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 554%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bolivia (X tons) was the main destination for prepared binders exports from Peru, accounting for a 70% share of total exports. Moreover, prepared binders exports to Bolivia exceeded the volume sent to the second major destination, Ecuador (X tons), threefold. Chile (X kg) ranked third in terms of total exports with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia stood at +32.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+13.4% per year) and Chile (-21.4% per year).

In value terms, the largest markets for prepared binders exported from Peru were Bolivia ($X), Ecuador ($X) and Chile ($X), with a combined 99% share of total exports.

Bolivia, with a CAGR of +34.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average prepared binders export price amounted to $X per ton, picking up by 17% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The growth pace was the most rapid in 2017 when the average export price increased by 23% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+1.9%), while the prices for the other major destinations experienced a decline.

Prepared Binders Imports

Imports into Peru

In 2021, approx. X tons of prepared binders for foundry moulds or cores were imported into Peru; with an increase of 64% compared with the previous year. Overall, imports posted a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by 94%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, prepared binders imports soared to $X in 2021. Over the period under review, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Canada (X tons) constituted the largest prepared binders supplier to Peru, accounting for a 79% share of total imports. Moreover, prepared binders imports from Canada exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. Brazil (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada stood at +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+313.5% per year) and Brazil (+6.6% per year).

In value terms, Canada ($X) constituted the largest supplier of prepared binders for foundry moulds or cores to Peru, comprising 82% of total imports. The second position in the ranking was held by Brazil ($X), with a 7.9% share of total imports. It was followed by Taiwan (Chinese), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value from Canada totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+6.0% per year) and Taiwan (Chinese) (+180.4% per year).

Import Prices by Country

The average prepared binders import price stood at $X per ton in 2021, jumping by 28% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :