Peru: Ship Propeller Market 2024

Ship Propeller Market Size in Peru

The Peruvian ship propeller market expanded markedly to $X in 2022, picking up by 6.2% 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 strong expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Ship Propeller Exports

Exports from Peru

In 2022, exports of ships’ or boats’ propellers and blades therefor from Peru rose modestly to X tons, surging by 3.9% on the year before. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2017 when exports increased by 122% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, ship propeller exports reached $X in 2022. Overall, exports, however, saw a perceptible decrease. The growth pace was the most rapid in 2017 with an increase of 98% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X tons), Ecuador (X tons) and Panama (X tons) were the main destinations of ship propeller exports from Peru, together comprising 95% of total exports.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of +19.5%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for ship propeller exported from Peru were Ecuador ($X), Panama ($X) and Colombia ($X), with a combined 91% share of total exports. These countries were followed by Chile, which accounted for a further 6.6%.

Chile, with a CAGR of +20.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average ship propeller export price stood at $X per ton in 2022, shrinking by -1.7% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ship propeller export price increased by +14.9% against 2018 indices. The pace of growth appeared the most rapid in 2015 an increase of 58%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Colombia ($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 Chile (+41.4%), while the prices for the other major destinations experienced a decline.

Ship Propeller Imports

Imports into Peru

In 2022, approx. X tons of ships’ or boats’ propellers and blades therefor were imported into Peru; picking up by 5.9% on 2021. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 83%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ship propeller imports rose rapidly to $X in 2022. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 83%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), China (X tons) and Sweden (X tons) were the main suppliers of ship propeller imports to Peru, together accounting for 63% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +78.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ship propeller suppliers to Peru were China ($X), Sweden ($X) and the United States ($X), together accounting for 44% of total imports. Thailand, Japan, Mexico, Taiwan (Chinese), Italy and Portugal lagged somewhat behind, together comprising a further 36%.

Among the main suppliers, Thailand, with a CAGR of +55.0%, saw 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 ship propeller import price stood at $X per ton in 2022, stabilizing at the previous year. Overall, the import price, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2018 an increase of 9.4% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Italy ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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