Peru: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in Peru

The Peruvian self-propelled bulldozer market surged to $X in 2021, with an increase of 273% 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, consumption, however, showed a pronounced setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Self-Propelled Bulldozer Exports

Exports from Peru

In 2021, after two years of growth, there was significant decline in overseas shipments of self-propelled bulldozers and excavators, when their volume decreased by -45.9% to X units. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 129% against the previous year. Over the period under review, the exports reached the maximum at X units in 2020, and then dropped significantly in the following year.

In value terms, self-propelled bulldozer exports declined markedly to $X in 2021. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 455%. Over the period under review, the exports attained the maximum at $X in 2020, and then dropped markedly in the following year.

Exports by Country

The United States (X units), Central African Republic (X units) and Chile (X units) were the main destinations of self-propelled bulldozer exports from Peru, with a combined 54% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +27.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-propelled bulldozer exported from Peru were the United States ($X), Iraq ($X) and Chile ($X), with a combined 61% share of total exports.

Chile, with a CAGR of +54.2%, recorded the highest growth rate of 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 self-propelled bulldozer export price stood at $X per unit in 2021, shrinking by -16.1% against the previous year. In general, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2019 an increase of 217%. The export price peaked at $X per unit in 2013; however, from 2014 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 Iraq ($X per unit), while the average price for exports to Central African Republic ($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 Iraq (+31.0%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Bulldozer Imports

Imports into Peru

In 2021, the amount of self-propelled bulldozers and excavators imported into Peru soared to X units, rising by 268% against the year before. In general, imports, however, showed a perceptible shrinkage. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, self-propelled bulldozer imports surged to $X in 2021. Over the period under review, imports, however, showed a pronounced slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest self-propelled bulldozer supplier to Peru, accounting for a 34% share of total imports. Moreover, self-propelled bulldozer imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. China (X units) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.0% per year) and China (+9.5% per year).

In value terms, the United States ($X) constituted the largest supplier of self-propelled bulldozers and excavators to Peru, comprising 30% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by South Korea, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+24.8% per year) and South Korea (-1.1% per year).

Import Prices by Country

The average self-propelled bulldozer import price stood at $X per unit in 2021, with a decrease of -27.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 88% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Spain ($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 (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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