Seals; Mechanical Price in Peru - 2021

Contents:

1. Seals; Mechanical Price in Peru (CIF) - 2021
2. Seals; Mechanical Price in Peru (FOB) - 2022
3. Seals; Mechanical Imports in Peru
4. Seals; Mechanical Exports in Peru

Seals; Mechanical Price in Peru (CIF) - 2021

In April 2020, the average seals; mechanical import price amounted to $12.2 per unit, picking up by 267% against the previous month. In general, the import price saw a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($24.6 per unit), while the price for Sweden ($1.3 per unit) was amongst the lowest.

From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by South Korea (+141.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Price in Peru (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $1.9 per unit, declining by -35.4% against the previous year. Overall, the export price, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2019 an increase of 53%. The export price peaked at $3.3 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($6 per unit), while the average price for exports to Costa Rica ($0.7 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 Saudi Arabia (+31.4%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Imports in Peru

In 2022, the amount of seals; mechanicals imported into Peru dropped slightly to 1.5M units, reducing by -4.2% on the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, imports attained the peak of 1.6M units, and then reduced slightly in the following year.

In value terms, seals; mechanical imports reduced slightly to $11M in 2022. Over the period under review, imports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year. Imports peaked at $12M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Seals; Mechanical to Peru in 2022:

1. China (347.2K units)
2. United States (322.7K units)
3. South Korea (192.6K units)
4. Germany (118.3K units)
5. Spain (90.7K units)
6. Sweden (61.5K units)
7. Brazil (38.3K units)
8. France (36.5K units)
9. Canada (34.2K units)
10. United Kingdom (29.3K units)
11. Czech Republic (26.7K units)
12. Netherlands (26.0K units)
13. Italy (25.4K units)

Seals; Mechanical Exports in Peru

In 2022, seals; mechanical exports from Peru soared to 144K units, increasing by 56% against 2021 figures. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, seals; mechanical exports reached $268K in 2022. The total export value increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 34% against the previous year. As a result, the exports attained the peak of $271K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Top Export Markets for Seals; Mechanical from Peru in 2022:

1. United States (75.1K units)
2. Mexico (13.4K units)
3. Costa Rica (12.4K units)
4. Ecuador (9.7K units)
5. India (7.7K units)
6. El Salvador (6.6K units)
7. Zambia (3.7K units)
8. Chile (0.9K units)
9. Sweden (0.3K units)

Source: IndexBox Market Intelligence Platform