Peru: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Peru

The Peruvian propylene polymer rigid pipes market contracted dramatically to $X in 2022, reducing by -23.1% 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, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +42.8% against 2020 indices. As a result, consumption attained the peak level of $X, and then shrank dramatically in the following year.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from Peru

In 2022, approx. X tons of rigid tubes, pipes and hoses of polymers of propylene were exported from Peru; falling by -21% compared with 2021 figures. In general, exports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 132%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, propylene polymer rigid pipes exports shrank sharply to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 166%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Cuba (X tons) was the main destination for propylene polymer rigid pipes exports from Peru, accounting for a 32% share of total exports. Moreover, propylene polymer rigid pipes exports to Cuba exceeded the volume sent to the second major destination, Chile (X kg), threefold. Panama (X kg) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cuba totaled +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-7.1% per year) and Panama (+17.4% per year).

In value terms, Cuba ($X), Chile ($X) and Panama ($X) were the largest markets for propylene polymer rigid pipes exported from Peru worldwide, with a combined 44% share of total exports.

Panama, with a CAGR of +43.5%, recorded 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 propylene polymer rigid pipes export price stood at $X per ton in 2022, surging by 5.9% against the previous year. In general, the export price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Cuba ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports into Peru

In 2022, the amount of rigid tubes, pipes and hoses of polymers of propylene imported into Peru shrank notably to X tons, which is down by -25.6% against the previous year's figure. Overall, total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% 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 +50.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 103%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, propylene polymer rigid pipes imports declined markedly to $X in 2022. In general, total imports indicated temperate growth 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 +39.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 80% against the previous year. As a result, imports attained the peak of $X, and then fell rapidly in the following year.

Imports by Country

Argentina (X tons), Mexico (X tons) and Chile (X tons) were the main suppliers of propylene polymer rigid pipes imports to Peru, together accounting for 26% of total imports. China, Germany, Italy, Ecuador and the United States lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +39.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Chile ($X) and Mexico ($X) were the largest propylene polymer rigid pipes suppliers to Peru, together comprising 27% of total imports. China, Italy, Germany, Ecuador and the United States lagged somewhat behind, together accounting for a further 13%.

Among the main suppliers, Italy, with a CAGR of +44.9%, recorded the highest rates of growth with regard to 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 propylene polymer rigid pipes import price amounted to $X per ton, with an increase of 4.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 44%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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