Peru: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Peru

The Peruvian non-rolled bitumen products market contracted dramatically to $X in 2022, declining by -21% 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 perceptible contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Non-Rolled Bitumen Products Exports

Exports from Peru

In 2022, overseas shipments of non-rolled bitumen products decreased by -15% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2014 when exports increased by 244%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-rolled bitumen products exports reduced to $X in 2022. Over the period under review, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 156% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons) was the main destination for non-rolled bitumen products exports from Peru, with a 84% share of total exports. Moreover, non-rolled bitumen products exports to Chile exceeded the volume sent to the second major destination, Ecuador (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Chile totaled -4.0%.

In value terms, Chile ($X) remains the key foreign market for non-rolled bitumen products exports from Peru, comprising 88% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile amounted to -6.4%.

Export Prices by Country

The average non-rolled bitumen products export price stood at $X per ton in 2022, rising by 5.8% against the previous year. Overall, the export price, however, saw a pronounced contraction. The pace of growth appeared the most rapid in 2013 when the average export price increased by 59% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Ecuador totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (-2.5%), while the prices for the other major destinations experienced a decline.

Non-Rolled Bitumen Products Imports

Imports into Peru

In 2022, the amount of non-rolled bitumen products imported into Peru fell remarkably to X tons, declining by -19.9% against the previous year. Over the period under review, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2013 when imports increased by 129% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-rolled bitumen products imports dropped rapidly to $X in 2022. Overall, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2013 with an increase of 110% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest non-rolled bitumen products supplier to Peru, accounting for a 57% share of total imports. Moreover, non-rolled bitumen products imports from Russia exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled +35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+4.0% per year) and the United States (-8.4% per year).

In value terms, Russia ($X) constituted the largest supplier of non-rolled bitumen products to Peru, comprising 51% of total imports. The second position in the ranking was held by the United States ($X), with a 20% share of total imports. It was followed by Canada, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.7% per year) and Canada (+5.7% per year).

Import Prices by Country

In 2022, the average non-rolled bitumen products import price amounted to $X per ton, waning by -2% against the previous year. Over the period under review, the import price recorded a perceptible setback. The growth pace was the most rapid in 2015 when the average import price increased by 8.5%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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