Peru: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Peru

In 2021, the Peruvian steam blasting machine market increased by 40% to $X for the first time since 2017, thus ending a three-year declining trend. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Steam blasting machine consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Steam Blasting Machine Exports

Exports from Peru

In 2021, overseas shipments of steam or sand blasting machines and similar jet-projecting machines decreased by -34.3% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 222% against the previous year. Over the period under review, the exports hit record highs at X units in 2020, and then contracted notably in the following year.

In value terms, steam blasting machine exports surged to $X in 2021. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 116% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Chile (X units) was the main destination for steam blasting machine exports from Peru, with a 87% share of total exports. Moreover, steam blasting machine exports to Chile exceeded the volume sent to the second major destination, Colombia (X units), tenfold. The third position in this ranking was taken by Ecuador (X units), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume to Chile totaled +51.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+67.0% per year) and Ecuador (-21.9% per year).

In value terms, Chile ($X) emerged as the key foreign market for steam or sand blasting machines and similar jet-projecting machines exports from Peru, comprising 61% of total exports. The second position in the ranking was held by Ecuador ($X), with a 7.8% share of total exports. It was followed by Colombia, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value to Chile stood at +134.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-9.0% per year) and Colombia (+53.1% per year).

Export Prices by Country

In 2021, the average steam blasting machine export price amounted to $X per unit, with an increase of 112% against the previous year. Over the period under review, the export price, however, recorded a perceptible decrease. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Colombia ($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 China (+74.0%), while the prices for the other major destinations experienced more modest paces of growth.

Steam Blasting Machine Imports

Imports into Peru

In 2021, imports of steam or sand blasting machines and similar jet-projecting machines into Peru surged to X units, with an increase of 49% on the previous year's figure. In general, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2015 when imports increased by 84%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, steam blasting machine imports soared to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 41% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of steam blasting machine to Peru, with a 84% share of total imports. Moreover, steam blasting machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was taken by Italy (X units), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.7% per year) and Italy (+6.5% per year).

In value terms, China ($X) constituted the largest supplier of steam or sand blasting machines and similar jet-projecting machines to Peru, comprising 48% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by Italy, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.5% per year) and Italy (+1.6% per year).

Import Prices by Country

In 2021, the average steam blasting machine import price amounted to $X per unit, falling by -13.3% against the previous year. Overall, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 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 the United States ($X per unit), while the price for China ($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 (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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