Peru: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Peru

The Peruvian self-propelled rock cutter market rose significantly to $X in 2021, picking up by 14% against the previous year. In general, consumption saw a significant increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Self-Propelled Rock Cutter Production in Peru

In value terms, self-propelled rock cutter production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 21%. Self-propelled rock cutter production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Self-Propelled Rock Cutter Exports

Exports from Peru

After four years of growth, shipments abroad of self-propelled coal or rock cutters and tunnelling machinery decreased by -88.9% to X units in 2021. In general, exports faced a sharp slump. The most prominent rate of growth was recorded in 2020 when exports increased by 350%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, self-propelled rock cutter exports reduced rapidly to $X in 2021. Overall, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 163% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then declined dramatically in the following year.

Exports by Country

Colombia (X units) and Mexico (X units) were the main destinations of self-propelled rock cutter exports from Peru.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of -16.4%).

In value terms, Colombia ($X) remains the key foreign market for self-propelled coal or rock cutters and tunnelling machinery exports from Peru, comprising 70% of total exports. The second position in the ranking was held by Mexico ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia stood at +13.7%.

Export Prices by Country

The average self-propelled rock cutter export price stood at $X per unit in 2021, picking up by 53% against the previous year. Over the period under review, the export price showed a significant increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 2,464% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Colombia ($X per unit), while the average price for exports to Mexico amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+103.2%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Rock Cutter Imports

Imports into Peru

In 2021, imports of self-propelled coal or rock cutters and tunnelling machinery into Peru surged to X units, growing by 31% compared with the year before. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 436%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, self-propelled rock cutter imports declined rapidly to $X in 2021. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2014 with an increase of 419% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then dropped sharply in the following year.

Imports by Country

Finland (X units), Germany (X units) and Sweden (X units) were the main suppliers of self-propelled rock cutter imports to Peru, with a combined 22% share of total imports. China, the Netherlands, Chile, the United States and South Korea lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +4,500.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of self-propelled coal or rock cutters and tunnelling machinery to Peru, comprising 38% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.3% share of total imports. It was followed by Finland, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +47.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+46.7% per year) and Finland (+15.2% per year).

Import Prices by Country

In 2021, the average self-propelled rock cutter import price amounted to $X per unit, falling by -38.2% against the previous year. Overall, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 151%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+27.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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