Peru: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Peru

The Peruvian unwrought aluminium alloys market dropped modestly to $X in 2020, shrinking by -X% 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). Overall, consumption saw a noticeable reduction. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. from 2011 to 2020, the growth of the market remained at a lower figure.

Unwrought Aluminium Alloys Exports

Exports from Peru

In 2020, shipments abroad of unwrought aluminium alloys decreased by -X% to X tons, falling for the sixth consecutive year after three years of growth. In general, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at X tons in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, unwrought aluminium alloys exports shrank sharply to $X in 2020. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons) was the main destination for unwrought aluminium alloys exports from Peru, with a X% share of total exports. Moreover, unwrought aluminium alloys exports to Mexico exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was occupied by South Korea (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Mexico totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and South Korea (+X% per year).

In value terms, Mexico ($X) remains the key foreign market for unwrought aluminium alloys exports from Peru, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Mexico totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and South Korea (+X% per year).

Export Prices by Country

The average unwrought aluminium alloys export price stood at $X per ton in 2020, falling by -X% against the previous year. Over the period under review, the export price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2010 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2008; however, from 2009 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2020, the countries with the highest prices were South Korea ($X per ton) and Ecuador ($X per ton), while the average price for exports to the UK ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced a decline.

Unwrought Aluminium Alloys Imports

Imports into Peru

Unwrought aluminium alloys imports into Peru declined to X tons in 2020, reducing by -X% against 2019 figures. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

In value terms, unwrought aluminium alloys imports contracted to $X in 2020. Overall, imports recorded a deep setback. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

The United Arab Emirates (X tons), Mexico (X tons) and Vietnam (X tons) were the main suppliers of unwrought aluminium alloys imports to Peru, together accounting for X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (+X% per year), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X), Mexico ($X) and Vietnam ($X) constituted the largest unwrought aluminium alloys suppliers to Peru, with a combined X% share of total imports.

Among the main suppliers, Vietnam (+X% per year) 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 mixed trend patterns.

Import Prices by Country

The average unwrought aluminium alloys import price stood at $X per ton in 2020, falling by -X% against the previous year. Overall, the import price saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2010 an increase of X% against the previous year. The import price peaked at $X per ton in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Mexico ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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