Peru: Electric Rotary Converter Market 2025

Electric Rotary Converter Market Size in Peru

In 2021, the Peruvian electric rotary converter market decreased by -32.9% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, showed a slight increase. Electric rotary converter consumption peaked at $X in 2020, and then dropped remarkably in the following year.

Electric Rotary Converter Exports

Exports from Peru

In 2021, the amount of electric rotary converters exported from Peru reduced dramatically to X units, declining by -61.3% against the year before. In general, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 275% against the previous year. As a result, the exports reached the peak of X units, and then fell notably in the following year.

In value terms, electric rotary converter exports fell dramatically to $X in 2021. Overall, exports, however, continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 468% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then contracted notably in the following year.

Exports by Country

Chile (X units) was the main destination for electric rotary converter exports from Peru, with a 93% share of total exports. Moreover, electric rotary converter exports to Chile exceeded the volume sent to the second major destination, Germany (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile stood at +73.2%.

In value terms, Chile ($X) remains the key foreign market for electric rotary converters exports from Peru, comprising 97% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile amounted to +109.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-28.2% per year) and the United States (-27.3% per year).

Export Prices by Country

In 2021, the average electric rotary converter export price amounted to $X per unit, shrinking by -38.3% against the previous year. Overall, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of 739%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Ecuador ($X per unit), while the average price for exports to Germany (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2,145.1%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Rotary Converter Imports

Imports into Peru

After three years of growth, purchases abroad of electric rotary converters decreased by -41.4% to X units in 2021. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 130% against the previous year. As a result, imports reached the peak of X units, and then reduced dramatically in the following year.

In value terms, electric rotary converter imports contracted significantly to $X in 2021. In general, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 when imports increased by 101%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest electric rotary converter supplier to Peru, with a 74% share of total imports. Moreover, electric rotary converter imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), sixfold. The United States (X units) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +41.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+30.5% per year) and the United States (-4.4% per year).

In value terms, Sweden ($X), China ($X) and the UK ($X) appeared to be the largest electric rotary converter suppliers to Peru, together accounting for 50% of total imports.

Among the main suppliers, Sweden, with a CAGR of +31.4%, 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

The average electric rotary converter import price stood at $X per unit in 2021, reducing by -67.2% against the previous year. In general, the import price recorded a sharp contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 39%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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