Peru: Transmission Shaft Market 2024

Transmission Shaft Market Size in Peru

The Peruvian transmission shaft market dropped to $X in 2022, falling by -12.2% 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, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Transmission Shaft Exports

Exports from Peru

After three years of decline, overseas shipments of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain increased by 12% to X tons in 2022. Overall, exports posted a measured expansion. The most prominent rate of growth was recorded in 2018 with an increase of 70% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, transmission shaft exports amounted to $X in 2022. In general, exports recorded pronounced growth. The pace of growth was the most pronounced in 2018 when exports increased by 52% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for transmission shaft exports from Peru, accounting for a 48% share of total exports. Moreover, transmission shaft exports to the United States exceeded the volume sent to the second major destination, Chile (X tons), twofold. Bolivia (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+12.8% per year) and Bolivia (+1.5% per year).

In value terms, the United States ($X) remains the key foreign market for transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain exports from Peru, comprising 47% of total exports. The second position in the ranking was taken by Chile ($X), with a 14% share of total exports. It was followed by Bolivia, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+13.8% per year) and Bolivia (+2.0% per year).

Export Prices by Country

The average transmission shaft export price stood at $X per ton in 2022, declining by -8.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2013 an increase of 24%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Chile ($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 (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Shaft Imports

Imports into Peru

After six years of growth, overseas purchases of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain decreased by -11.3% to X tons in 2022. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.3% against 2014 indices. The growth pace was the most rapid in 2021 when imports increased by 28%. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, transmission shaft imports declined to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 31%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of transmission shaft to Peru, accounting for a 56% share of total imports. Moreover, transmission shaft imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.2% per year) and Germany (-3.5% per year).

In value terms, the largest transmission shaft suppliers to Peru were the United States ($X), China ($X) and Germany ($X), together accounting for 61% of total imports. Japan, Italy, Brazil, India and South Korea lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, India, with a CAGR of +8.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average transmission shaft import price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2019 when the average import price increased by 8.9%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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