Peru: Safety Glass Market 2024

Safety Glass Market Size in Peru

The Peruvian safety glass market rose slightly to $X in 2022, with an increase of 3.3% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.0% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Safety Glass Production in Peru

In value terms, safety glass production totaled $X in 2022 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 26% against the previous year. Safety glass production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Safety Glass Exports

Exports from Peru

In 2022, shipments abroad of safety glass increased by 1.2% to X square meters, rising for the second consecutive year after two years of decline. Overall, exports posted a resilient increase. The growth pace was the most rapid in 2016 with an increase of 197% against the previous year. The exports peaked at X square meters in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, safety glass exports totaled $X in 2022. In general, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 112%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X square meters) was the main destination for safety glass exports from Peru, accounting for a 60% share of total exports. Moreover, safety glass exports to the United States exceeded the volume sent to the second major destination, Colombia (X square meters), more than tenfold. The third position in this ranking was taken by Belgium (X square meters), with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+23.3% per year) and Belgium (+14.3% per year).

In value terms, the United States ($X) remains the key foreign market for safety glass exports from Peru, comprising 69% of total exports. The second position in the ranking was held by Belgium ($X), with a 2.4% share of total exports. It was followed by the United Arab Emirates, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+22.8% per year) and the United Arab Emirates (-13.4% per year).

Export Prices by Country

In 2021, the average safety glass export price amounted to $X per square meter, stabilizing at the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices attained the maximum at $X per square meter in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per square meter), while the average price for exports to Colombia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Glass Imports

Imports into Peru

In 2022, approx. X square meters of safety glass were imported into Peru; dropping by -5.6% on the year before. In general, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by 56% against the previous year. Imports peaked at X square meters in 2021, and then declined in the following year.

In value terms, safety glass imports fell to $X in 2022. Over the period under review, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 97% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2021, China (X square meters) constituted the largest supplier of safety glass to Peru, with a 54% share of total imports. Moreover, safety glass imports from China exceeded the figures recorded by the second-largest supplier, Chile (X square meters), more than tenfold. Belgium (X square meters) ranked third in terms of total imports with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+21.5% per year) and Belgium (+88.2% per year).

In value terms, China ($X) constituted the largest supplier of safety glass to Peru, comprising 69% of total imports. The second position in the ranking was held by Belgium ($X), with a 21% share of total imports. It was followed by Chile, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+78.9% per year) and Chile (+28.3% per year).

Import Prices by Country

The average safety glass import price stood at $X per square meter in 2021, growing by 33% against the previous year. Overall, the import price, however, recorded a slight contraction. The import price peaked at $X per square meter in 2016; however, from 2017 to 2021, 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 Belgium ($X per square meter), while the price for Brazil ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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