Peru: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Peru

The Peruvian market for pneumatic or hydraulic hand tools was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Pneumatic or hydraulic hand tool consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Pneumatic Or Hydraulic Hand Tools in Peru

In value terms, pneumatic or hydraulic hand tool production stood at $X in 2021 estimated in export price. Overall, production saw a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 105% against the previous year. Pneumatic or hydraulic hand tool production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Peru

In 2021, pneumatic or hydraulic hand tool exports from Peru soared to X tons, with an increase of 33% on the previous year. Overall, exports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2019 with an increase of 97% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, pneumatic or hydraulic hand tool exports rose markedly to $X in 2021. Over the period under review, exports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of 239% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bolivia (X tons), Colombia (X tons) and Ecuador (X tons) were the main destinations of pneumatic or hydraulic hand tool exports from Peru, together accounting for 70% of total exports. Uruguay, Sweden, the United States, Chile and Brazil lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +76.1%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Bolivia ($X) and the United States ($X) constituted the largest markets for pneumatic or hydraulic hand tool exported from Peru worldwide, together accounting for 69% of total exports. Ecuador, Chile, Sweden, Uruguay and Brazil lagged somewhat behind, together comprising a further 21%.

Among the main countries of destination, Sweden, with a CAGR of +76.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, which is down by -20.8% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 72%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Brazil ($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 (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Peru

In 2021, approx. X tons of pneumatic or hydraulic hand tools were imported into Peru; with an increase of 12% on the year before. Overall, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +104.2% against 2016 indices. The growth pace was the most rapid in 2020 when imports increased by 29%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool imports surged to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 18%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of pneumatic or hydraulic hand tool to Peru, accounting for a 79% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by Mexico (X tons), with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.1% per year) and Mexico (+7.9% per year).

In value terms, China ($X) constituted the largest supplier of pneumatic or hydraulic hand tools to Peru, comprising 47% of total imports. The second position in the ranking was held by Germany ($X), with a 9.4% share of total imports. It was followed by Mexico, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.6% per year) and Mexico (+7.6% per year).

Import Prices by Country

The average import price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, picking up by 4.3% against the previous year. In general, the import price, however, saw a perceptible setback. The growth pace was the most rapid in 2014 an increase of 6.3%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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