Peru: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Peru

The Peruvian pressure-reducing iron valve market contracted significantly to $X in 2022, dropping by -22.3% 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). In general, consumption, however, saw a relatively flat trend pattern. Pressure-reducing iron valve consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Peru

In 2022, shipments abroad of pressure-reducing, control, check and safety valves increased by 20% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 461%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, pressure-reducing iron valve exports soared to $X in 2022. Overall, exports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2015 when exports increased by 415%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X units) was the main destination for pressure-reducing iron valve exports from Peru, with a 49% share of total exports. Moreover, pressure-reducing iron valve exports to Ecuador exceeded the volume sent to the second major destination, Panama (X units), fourfold. Honduras (X units) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador stood at +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+66.5% per year) and Honduras (+24.0% per year).

In value terms, Ecuador ($X) emerged as the key foreign market for pressure-reducing, control, check and safety valves exports from Peru, comprising 30% of total exports. The second position in the ranking was held by Israel ($X), with a 14% share of total exports. It was followed by Panama, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value to Ecuador was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+27.3% per year) and Panama (+66.3% per year).

Export Prices by Country

The average pressure-reducing iron valve export price stood at $X per unit in 2022, growing by 2.3% against the previous year. Over the period under review, the export price, however, continues to indicate a mild decrease. The pace of growth was the most pronounced in 2018 when the average export price increased by 61% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Honduras ($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 Israel (+20.1%), while the prices for the other major destinations experienced a decline.

Pressure-Reducing Iron Valve Imports

Imports into Peru

In 2022, pressure-reducing iron valve imports into Peru contracted notably to X units, which is down by -24.2% on 2021 figures. In general, imports, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 220% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then fell significantly in the following year.

In value terms, pressure-reducing iron valve imports contracted notably to $X in 2022. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 158%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Colombia (X units) and Israel (X units) were the main suppliers of pressure-reducing iron valve imports to Peru, with a combined 49% share of total imports. Italy, the United States, Poland, Taiwan (Chinese), Spain, Turkey, Chile, Brazil and Mexico lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +35.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pressure-reducing iron valve suppliers to Peru were Israel ($X), the United States ($X) and Italy ($X), together comprising 43% of total imports. Colombia, China, Poland, Brazil, Chile, Taiwan (Chinese), Spain, Mexico and Turkey lagged somewhat behind, together comprising a further 41%.

Among the main suppliers, Poland, with a CAGR of +32.1%, 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 pressure-reducing iron valve import price amounted to $X per unit, increasing by 4.6% against the previous year. Overall, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 7.5%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

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 ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform