Peru: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Peru

In 2021, the Peruvian ethylene polymer rigid pipes market increased by 48% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption posted a notable expansion. Ethylene polymer rigid pipes consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Peru

In 2021, overseas shipments of rigid tubes, pipes and hoses of polymers of ethylene decreased by -67% to X tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2015 with an increase of 226%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, ethylene polymer rigid pipes exports contracted dramatically to $X in 2021. Overall, exports faced a dramatic descent. The growth pace was the most rapid in 2015 when exports increased by 201% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia (X tons), Bolivia (X tons) and Ecuador (X tons) were the main destinations of ethylene polymer rigid pipes exports from Peru, with a combined 72% share of total exports. Panama, Brazil, Chile, Costa Rica and Honduras lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +70.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ethylene polymer rigid pipes exported from Peru were Colombia ($X), Bolivia ($X) and Ecuador ($X), together comprising 55% of total exports. Panama, Brazil, Chile, Costa Rica and Honduras lagged somewhat behind, together comprising a further 40%.

Brazil, with a CAGR of +35.5%, saw the highest rates of growth with regard to the value of exports, among 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

The average ethylene polymer rigid pipes export price stood at $X per ton in 2021, jumping by 20% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Bolivia ($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 Nicaragua (+63.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Peru

In 2021, supplies from abroad of rigid tubes, pipes and hoses of polymers of ethylene increased by 12% to X tons, rising for the third year in a row after two years of decline. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 175% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, ethylene polymer rigid pipes imports soared to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 152% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Chile (X tons), the United States (X tons) and Colombia (X tons) were the main suppliers of ethylene polymer rigid pipes imports to Peru, together accounting for 93% of total imports. China, Israel and Canada lagged somewhat behind, together comprising a further 4.8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of +105.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constituted the largest supplier of rigid tubes, pipes and hoses of polymers of ethylene to Peru, comprising 62% of total imports. The second position in the ranking was taken by the United States ($X), with a 26% share of total imports. It was followed by China, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Chile was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.4% per year) and China (+42.1% per year).

Import Prices by Country

In 2021, the average ethylene polymer rigid pipes import price amounted to $X per ton, increasing by 36% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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