Peru: Winding Wire Market 2025

Winding Wire Market Size in Peru

In 2022, after two years of growth, there was significant decline in the Peruvian winding wire market, when its value decreased by -21.2% to $X. Over the period under review, consumption recorded a deep slump. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Winding Wire Exports

Exports from Peru

In 2022, overseas shipments of winding wire for electrical purposes increased by 120% to X tons, rising for the second consecutive year after five years of decline. Over the period under review, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 211%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, winding wire exports soared to $X in 2022. Overall, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 162%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Venezuela (X tons), Chile (X tons) and Panama (X kg) were the main destinations of winding wire exports from Peru, together comprising 78% of total exports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +52.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X) remains the key foreign market for winding wire for electrical purposes exports from Peru, comprising 43% of total exports. The second position in the ranking was taken by Venezuela ($X), with a 17% share of total exports. It was followed by Chile, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia amounted to +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-25.0% per year) and Chile (+32.7% per year).

Export Prices by Country

The average winding wire export price stood at $X per ton in 2022, waning by -10.5% against the previous year. Over the period under review, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 an increase of 3.6%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Venezuela ($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 Guatemala (+63.4%), while the prices for the other major destinations experienced more modest paces of growth.

Winding Wire Imports

Imports into Peru

After two years of growth, supplies from abroad of winding wire for electrical purposes decreased by -24% to X tons in 2022. In general, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of 63% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, winding wire imports declined markedly to $X in 2022. Overall, imports saw a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of 53% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest winding wire supplier to Peru, with a 47% share of total imports. Moreover, winding wire imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The third position in this ranking was taken by Colombia (X tons), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +30.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-10.6% per year) and Colombia (-11.3% per year).

In value terms, the largest winding wire suppliers to Peru were China ($X), Brazil ($X) and the UK ($X), with a combined 67% share of total imports.

The UK, with a CAGR of +82.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average winding wire import price amounted to $X per ton, increasing by 6.6% against the previous year. In general, the import price, however, recorded a slight contraction. The pace of growth was the most pronounced in 2021 when the average import price increased by 31%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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