Peru: Resinoids Market 2022

Resinoids Market Size in Peru

In 2021, the Peruvian resinoids market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption continues to indicate a modest increase. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Resinoids Production in Peru

In value terms, resinoids production surged to $X in 2021 estimated in export price. In general, production posted a mild increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 119% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Resinoids Exports

Exports from Peru

In 2021, overseas shipments of resinoids decreased by -63.6% to X kg for the first time since 2018, thus ending a two-year rising trend. Overall, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 690%. Over the period under review, the exports reached the maximum at X kg in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, resinoids exports plummeted to $X in 2021. Over the period under review, exports showed a noticeable decrease. The pace of growth was the most pronounced in 2020 when exports increased by 630% against the previous year. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

Chile (X kg) was the main destination for resinoids exports from Peru, accounting for a 42% share of total exports. Moreover, resinoids exports to Chile exceeded the volume sent to the second major destination, Brazil (X kg), twofold. The third position in this ranking was held by Panama (X kg), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile stood at -11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+25.4% per year) and Panama (-20.1% per year).

In value terms, Bolivia ($X), Brazil ($X) and Chile ($X) constituted the largest markets for resinoids exported from Peru worldwide, with a combined 55% share of total exports.

In terms of the main countries of destination, Brazil, with a CAGR of +13.3%, recorded the highest rates of growth with regard to the value of exports, 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 resinoids export price amounted to $X per ton, surging by 18% against the previous year. Overall, the export price recorded strong growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 132% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Panama ($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 Chile (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Resinoids Imports

Imports into Peru

In 2021, approx. X tons of resinoids were imported into Peru; with an increase of 183% on 2020 figures. In general, imports, however, continue to indicate a mild setback. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, resinoids imports rose sharply to $X in 2021. Overall, imports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 86%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Mexico (X kg) constituted the largest resinoids supplier to Peru, accounting for a 47% share of total imports. Moreover, resinoids imports from Mexico exceeded the figures recorded by the second-largest supplier, South Africa (X kg), fourfold. The UK (X kg) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mexico was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (0.0% per year) and the UK (+14.0% per year).

In value terms, the largest resinoids suppliers to Peru were France ($X), Germany ($X) and the UK ($X), with a combined 61% share of total imports.

France, with a CAGR of +24.3%, saw the highest rates of growth with regard to the value of imports, among 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 2021, the average resinoids import price amounted to $X per ton, which is down by -59.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 61%. As a result, import price attained the peak level of $X per ton, and then shrank notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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