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

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

In 2022, the Peruvian market for rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -0.5% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, recorded a resilient expansion. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Peru

In 2022, overseas shipments of rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 22% to X kg, rising for the second consecutive year after eight years of decline. Over the period under review, exports, however, recorded a precipitous slump. The growth pace was the most rapid in 2021 with an increase of 22%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, vinyl chloride polymer rigid pipes exports stood at $X in 2022. Overall, exports, however, faced a significant decrease. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X kg) was the main destination for vinyl chloride polymer rigid pipes exports from Peru, accounting for a 95% share of total exports. It was followed by Ecuador (X kg), with a 3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia totaled +49.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-52.8% per year) and Panama (-55.7% per year).

In value terms, Bolivia ($X) emerged as the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from Peru, comprising 86% of total exports. The second position in the ranking was held by Panama ($X), with a 6.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bolivia stood at +71.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-43.7% per year) and Ecuador (-40.2% per year).

Export Prices by Country

In 2022, the average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, shrinking by -14.1% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 59%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Peru

In 2022, overseas purchases of rigid tubes, pipes and hoses of polymers of vinyl chloride decreased by -2.5% to X tons, falling for the second year in a row after three years of growth. Overall, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 240% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes imports reached $X in 2022. Over the period under review, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2013 when imports increased by 183% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X tons), China (X tons) and Colombia (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to Peru, with a combined 65% share of total imports. The United States, Thailand, Ecuador and India lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +89.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), China ($X) and Spain ($X) constituted the largest vinyl chloride polymer rigid pipes suppliers to Peru, with a combined 58% share of total imports.

In terms of the main suppliers, Colombia, with a CAGR of +70.2%, saw the highest growth rate of 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

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, with an increase of 3% against the previous year. Over the period under review, the import price, however, saw a slight slump. The most prominent rate of growth was recorded in 2014 an increase of 28% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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