Peru: Tamping Machinery Market 2024

Tamping Machinery Market Size in Peru

The Peruvian tamping machinery market soared to $X in 2021, picking up by 67% 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, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Tamping Machinery Exports

Exports from Peru

After three years of growth, overseas shipments of tamping or compacting machinery decreased by -94.8% to X units in 2021. Overall, exports showed a precipitous slump. The pace of growth appeared the most rapid in 2014 with an increase of 507%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, tamping machinery exports dropped notably to $X in 2021. Over the period under review, exports continue to indicate a significant decrease. The pace of growth was the most pronounced in 2014 when exports increased by 1,011%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), Colombia (X units) and Panama (X units) were the main destinations of tamping machinery exports from Peru, together comprising 75% of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, the United States ($X), Ecuador ($X) and the Dominican Republic ($X) appeared to be the largest markets for tamping machinery exported from Peru worldwide, with a combined 87% share of total exports.

The United States, with a CAGR of +23.3%, 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 mixed trend patterns.

Export Prices by Country

The average tamping machinery export price stood at $X per unit in 2021, rising by 21% against the previous year. Over the period under review, the export price, however, saw a slight decline. The growth pace was the most rapid in 2014 when the average export price increased by 84% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 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 Ecuador ($X per unit), while the average price for exports to El Salvador ($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 Ecuador (+41.4%), while the prices for the other major destinations experienced more modest paces of growth.

Tamping Machinery Imports

Imports into Peru

Tamping machinery imports into Peru surged to X units in 2021, picking up by 60% against 2020 figures. Overall, imports posted a mild expansion. The most prominent rate of growth was recorded in 2017 with an increase of 151% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, tamping machinery imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 116% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest tamping machinery supplier to Peru, with a 82% share of total imports. It was followed by Germany (X units), with a 2% share of total imports. The third position in this ranking was taken by the United States (X units), with a 1.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-16.1% per year) and the United States (-27.7% per year).

In value terms, China ($X) constituted the largest supplier of tamping or compacting machinery to Peru, comprising 48% of total imports. The second position in the ranking was taken by the United States ($X), with a 6% share of total imports. It was followed by Germany, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-19.0% per year) and Germany (-21.1% per year).

Import Prices by Country

The average tamping machinery import price stood at $X per unit in 2021, which is down by -4.1% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The growth pace was the most rapid in 2015 when the average import price increased by 179% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained 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 (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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