Peru: Market for Steering Wheels, Steering Columns And Steering Boxes 2025

Market Size for Steering Wheels, Steering Columns And Steering Boxes in Peru

The Peruvian steering wheels and columns market declined dramatically to $X in 2022, reducing by -25.1% 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, however, enjoyed noticeable growth. Steering wheels and columns consumption peaked at $X in 2021, and then shrank markedly in the following year.

Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports from Peru

In 2022, steering wheels and columns exports from Peru reduced remarkably to X tons, falling by -35.3% compared with 2021 figures. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 235%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined dramatically in the following year.

In value terms, steering wheels and columns exports shrank markedly to $X in 2022. Overall, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2019 with an increase of 281%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Belgium (X kg), Panama (X kg) and Chile (X kg) were the main destinations of steering wheels and columns exports from Peru, with a combined 65% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +27.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X) emerged as the key foreign market for steering wheels, steering columns and steering boxes exports from Peru, comprising 45% of total exports. The second position in the ranking was held by Belgium ($X), with a 20% share of total exports. It was followed by Chile, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama amounted to +39.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+20.5% per year) and Chile (-3.0% per year).

Export Prices by Country

In 2022, the average steering wheels and columns export price amounted to $X per ton, growing by 6.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 75% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Belgium ($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 the Netherlands (+85.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports into Peru

In 2022, steering wheels and columns imports into Peru declined sharply to X tons, dropping by -27.4% against 2021 figures. Over the period under review, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 336%. Imports peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, steering wheels and columns imports dropped significantly to $X in 2022. Overall, imports, however, enjoyed moderate growth. The growth pace was the most rapid in 2017 when imports increased by 210% against the previous year. Imports peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of steering wheels and columns to Peru, with a 75% share of total imports. Moreover, steering wheels and columns imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. The third position in this ranking was held by Brazil (X tons), with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.0% per year) and Brazil (-5.0% per year).

In value terms, the largest steering wheels and columns suppliers to Peru were China ($X), the United States ($X) and Brazil ($X), together comprising 79% of total imports. South Korea and India lagged somewhat behind, together comprising a further 4.3%.

India, with a CAGR of +46.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average steering wheels and columns import price stood at $X per ton in 2022, picking up by 4.5% against the previous year. In general, the import price, however, continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2016 an increase of 37% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat 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 Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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