Peru: Asphalted Paper Market 2024

Asphalted Paper Market Size in Peru

In 2022, the Peruvian asphalted paper market decreased by -43.6% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, showed a buoyant expansion. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Asphalted Paper Exports

Exports from Peru

Asphalted paper exports from Peru soared to X kg in 2022, growing by 244% against the previous year. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 3,648%. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, asphalted paper exports skyrocketed to $X in 2022. Overall, exports recorded noticeable growth. The most prominent rate of growth was recorded in 2018 when exports increased by 5,977%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Bolivia (X kg), Panama (X kg) and Chile (X kg) were the main destinations of asphalted paper exports from Peru, with a combined 100% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bolivia (with a CAGR of +23.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Panama ($X) emerged as the key foreign market for tarred, bituminised or asphalted paper and paperboard exports from Peru, comprising 69% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama amounted to +17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+6.5% per year) and Chile (-15.1% per year).

Export Prices by Country

The average asphalted paper export price stood at $X per ton in 2022, picking up by 55% against the previous year. Overall, the export price, however, faced a abrupt descent. The pace of growth was the most pronounced in 2019 an increase of 104% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Bolivia ($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 (+16.6%), while the prices for the other major destinations experienced mixed trend patterns.

Asphalted Paper Imports

Imports into Peru

In 2022, after two years of growth, there was significant decline in supplies from abroad of tarred, bituminised or asphalted paper and paperboard, when their volume decreased by -40% to X tons. Over the period under review, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 563%. As a result, imports reached the peak of X tons, and then contracted notably in the following year.

In value terms, asphalted paper imports declined dramatically to $X in 2022. Overall, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2021 with an increase of 953%. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

Italy (X tons), Austria (X tons) and China (X tons) were the main suppliers of asphalted paper imports to Peru, with a combined 75% share of total imports. The United States, Turkey, Mexico, Argentina and South Korea lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +89.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of tarred, bituminised or asphalted paper and paperboard to Peru, comprising 40% of total imports. The second position in the ranking was held by Argentina ($X), with an 8.2% share of total imports. It was followed by the United States, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria stood at +28.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+96.8% per year) and the United States (+17.5% per year).

Import Prices by Country

The average asphalted paper import price stood at $X per ton in 2022, dropping by -8.8% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, asphalted paper import price increased by +68.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 59% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, 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 South Korea ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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