Peru: Rare Gases Market 2024

Rare Gases Exports

Exports from Peru

In 2022, rare gases exports from Peru surged to X cubic meters, increasing by 41% compared with the previous year. In general, exports recorded a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 604% against the previous year. The exports peaked at X cubic meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, rare gases exports soared to $X in 2022. Over the period under review, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 859% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X cubic meters) was the main destination for rare gases exports from Peru, accounting for a 71% share of total exports. Moreover, rare gases exports to Chile exceeded the volume sent to the second major destination, Ecuador (X cubic meters), threefold. The third position in this ranking was held by Free Zones (X cubic meters), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to Chile totaled +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+58.7% per year) and Free Zones (+41.6% per year).

In value terms, Chile ($X) remains the key foreign market for rare gases (excluding argon) exports from Peru, comprising 79% of total exports. The second position in the ranking was taken by Ecuador ($X), with an 8.5% share of total exports. It was followed by Free Zones, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile amounted to +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+36.2% per year) and Free Zones (+10.2% per year).

Export Prices by Country

In 2022, the average rare gases export price amounted to $X per cubic meter, dropping by -9% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rare gases export price increased by +24.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 66% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2017; however, from 2018 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 Bolivia ($X per cubic meter), while the average price for exports to Ecuador ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.

Rare Gases Imports

Imports into Peru

In 2022, approx. X cubic meters of rare gases (excluding argon) were imported into Peru; with a decrease of -41.2% compared with the previous year. Overall, imports saw a noticeable curtailment. The pace of growth was the most pronounced in 2013 when imports increased by 61% against the previous year. Imports peaked at X cubic meters in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, rare gases imports reduced to $X in 2022. In general, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +1.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 51% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X cubic meters), Mexico (X cubic meters) and China (X cubic meters) were the main suppliers of rare gases imports to Peru, together accounting for 78% of total imports. Chile, France and Belgium lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +70.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Chile ($X) and Belgium ($X) constituted the largest rare gases suppliers to Peru, with a combined 75% share of total imports.

Chile, with a CAGR of +67.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 rare gases import price amounted to $X per cubic meter, picking up by 67% against the previous year. Overall, the import price showed a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per cubic meter), while the price for China ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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