Peru: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Peru

The Peruvian metal-reinforced rubber hose market reduced dramatically to $X in 2022, with a decrease of -20.8% 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). In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank markedly in the following year.

Metal-Reinforced Rubber Hose Exports

Exports from Peru

In 2022, after two years of decline, there was significant growth in overseas shipments of rubber hose reinforced with metal, when their volume increased by 6.8% to X tons. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 640%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal-reinforced rubber hose exports reached $X in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 612% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons), Bolivia (X tons) and Chile (X tons) were the main destinations of metal-reinforced rubber hose exports from Peru, together accounting for 64% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +119.2%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Bolivia ($X) and Chile ($X) constituted the largest markets for metal-reinforced rubber hose exported from Peru worldwide, together accounting for 59% of total exports.

Among the main countries of destination, Mexico, with a CAGR of +79.8%, 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 2022, the average metal-reinforced rubber hose export price amounted to $X per ton, with a decrease of -2.2% against the previous year. Overall, the export price saw a noticeable contraction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 3.2%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Bolivia ($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 Ecuador (+9.1%), while the prices for the other major destinations experienced a decline.

Metal-Reinforced Rubber Hose Imports

Imports into Peru

Metal-reinforced rubber hose imports into Peru reduced rapidly to X tons in 2022, shrinking by -17.6% against the previous year's figure. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its volume 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, imports increased by +26.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53%. As a result, imports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, metal-reinforced rubber hose imports dropped sharply to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 63%. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal-reinforced rubber hose to Peru, accounting for a 61% share of total imports. Moreover, metal-reinforced rubber hose imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), ninefold. The United States (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.6% per year) and the United States (-1.2% per year).

In value terms, China ($X) constituted the largest supplier of rubber hose reinforced with metal to Peru, comprising 41% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by Italy, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.3% per year) and Italy (+0.9% per year).

Import Prices by Country

The average metal-reinforced rubber hose import price stood at $X per ton in 2022, which is down by -2.1% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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