Peru: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Peru

In 2021, the Peruvian market for tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by -44.7% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, recorded resilient growth. As a result, consumption reached the peak level of $X, and then reduced rapidly in the following year.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports from Peru

In 2021, shipments abroad of tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by -89.9% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 when exports increased by 6,458% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone declined significantly to $X in 2021. Overall, exports showed a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of 4,006% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Chile (X kg) was the main destination for exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Peru, with a 85% share of total exports. Moreover, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone to Chile exceeded the volume sent to the second major destination, the United States (X kg), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Chile stood at -13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-32.5% per year) and Ecuador (+5.5% per year).

In value terms, Chile ($X) remains the key foreign market for tiles, flagstones and similar articles of cement, concrete or artificial stone exports from Peru, comprising 72% of total exports. The second position in the ranking was held by the United States ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Chile stood at +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-27.1% per year) and Ecuador (+4.4% per year).

Export Prices by Country

The average export price for tiles, flagstones and similar articles of cement, concrete or artificial stone stood at $X per ton in 2021, with an increase of 20% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2016 when the average export price increased by 201%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+17.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports into Peru

In 2021, overseas purchases of tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by -59.2% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 130% against the previous year. As a result, imports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone soared to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +17.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 34% against the previous year. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Free Zones (X tons), China (X tons) and Mexico (X tons) were the main suppliers of imports of tiles, flagstones and similar articles of cement, concrete or artificial stone to Peru, with a combined 71% share of total imports. Italy and Portugal lagged somewhat behind, together comprising a further 5.5%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to Peru, comprising 47% of total imports. The second position in the ranking was taken by Italy ($X), with a 6% share of total imports. It was followed by Free Zones, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.2% per year) and Free Zones (+1.7% per year).

Import Prices by Country

The average import price for tiles, flagstones and similar articles of cement, concrete or artificial stone stood at $X per ton in 2021, surging by 186% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Portugal ($X per ton), while the price for Free Zones ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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