Peru: Vacuum Vessel Market 2025

Vacuum Vessel Market Size in Peru

The Peruvian vacuum vessel market dropped to $X in 2022, waning by -11.8% 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, showed a strong expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced in the following year.

Vacuum Vessel Exports

Exports from Peru

In 2022, shipments abroad of vacuum vessels increased by 9.2% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 100% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, vacuum vessel exports shrank to $X in 2022. Overall, exports, however, saw a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 95% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ecuador (X units) was the main destination for vacuum vessel exports from Peru, with a 64% share of total exports. Moreover, vacuum vessel exports to Ecuador exceeded the volume sent to the second major destination, Chile (X units), fourfold. Panama (X units) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador totaled -8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+15.4% per year) and Panama (+3.1% per year).

In value terms, Ecuador ($X) remains the key foreign market for vacuum vessels exports from Peru, comprising 57% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total exports. It was followed by Chile, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador stood at -10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+18.3% per year) and Chile (+9.7% per year).

Export Prices by Country

In 2022, the average vacuum vessel export price amounted to $X per unit, waning by -13.3% against the previous year. Over the period under review, the export price recorded a mild decrease. The most prominent rate of growth was recorded in 2017 an increase of 33% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (-1.7%), while the prices for the other major destinations experienced a decline.

Vacuum Vessel Imports

Imports into Peru

Vacuum vessel imports into Peru dropped to X units in 2022, with a decrease of -12% against the previous year. Overall, imports, however, enjoyed a measured increase. The pace of growth was the most pronounced in 2017 with an increase of 50% against the previous year. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, vacuum vessel imports fell to $X in 2022. Over the period under review, imports, however, saw buoyant growth. The growth pace was the most rapid in 2017 with an increase of 54% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of vacuum vessel to Peru, accounting for a 96% share of total imports. It was followed by Chile (X units), with a 2.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +4.9%.

In value terms, China ($X) constituted the largest supplier of vacuum vessels to Peru, comprising 90% of total imports. The second position in the ranking was held by Chile ($X), with a 5.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.7%.

Import Prices by Country

In 2022, the average vacuum vessel import price amounted to $X per unit, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2020 an increase of 11%. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.6%).

Source: IndexBox Platform

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