Peru: Unwrought Zinc Alloys Market 2024

Unwrought Zinc Alloys Market Size in Peru

The Peruvian unwrought zinc alloys market fell modestly to $X in 2022, stabilizing at the previous year. In general, consumption enjoyed a prominent increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Unwrought Zinc Alloys Production in Peru

In value terms, unwrought zinc alloys production declined to $X in 2022 estimated in export price. Over the period under review, production saw a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 45%. Unwrought zinc alloys production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Unwrought Zinc Alloys Exports

Exports from Peru

Unwrought zinc alloys exports from Peru reduced remarkably to X tons in 2022, dropping by -15.1% against 2021. Overall, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2013 when exports increased by 104%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, unwrought zinc alloys exports dropped markedly to $X in 2022. Over the period under review, exports showed a perceptible descent. The pace of growth appeared the most rapid in 2013 with an increase of 81% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for unwrought zinc alloys exports from Peru, with a 43% share of total exports. Moreover, unwrought zinc alloys exports to Malaysia exceeded the volume sent to the second major destination, Colombia (X tons), threefold. The third position in this ranking was held by Argentina (X tons), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia stood at +30.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-8.7% per year) and Argentina (+14.5% per year).

In value terms, Malaysia ($X), Colombia ($X) and France ($X) constituted the largest markets for unwrought zinc alloys exported from Peru worldwide, together accounting for 56% of total exports. Argentina, Chile, New Zealand, the United States, Saudi Arabia, Pakistan, Ecuador, Bangladesh, Brazil and Belgium lagged somewhat behind, together comprising a further 36%.

Pakistan, with a CAGR of +42.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average unwrought zinc alloys export price stood at $X per ton in 2022, with a decrease of -8% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, unwrought zinc alloys export price increased by +13.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 32%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 France ($X per ton), while the average price for exports to Belgium ($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 United States (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Unwrought Zinc Alloys Imports

Imports into Peru

In 2022, after three years of growth, there was significant decline in supplies from abroad of unwrought zinc alloys, when their volume decreased by -36.4% to X tons. Over the period under review, imports recorded a noticeable setback. The pace of growth was the most pronounced in 2021 when imports increased by 504%. As a result, imports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, unwrought zinc alloys imports fell significantly to $X in 2022. In general, imports, however, recorded a noticeable increase. The pace of growth was the most pronounced in 2021 when imports increased by 435%. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest supplier of unwrought zinc alloys to Peru, accounting for a 73% share of total imports. Moreover, unwrought zinc alloys imports from Ecuador exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Chile (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ecuador stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.4% per year) and Chile (+40.5% per year).

In value terms, the United States ($X) constituted the largest supplier of unwrought zinc alloys to Peru, comprising 65% of total imports. The second position in the ranking was held by Ecuador ($X), with a 22% share of total imports. It was followed by Chile, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+13.4% per year) and Chile (+56.4% per year).

Import Prices by Country

In 2022, the average unwrought zinc alloys import price amounted to $X per ton, reducing by -6.7% against the previous year. Over the period under review, the import price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 107%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :