Peru: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Peru

The Peruvian tow-behind air compressor market dropped markedly to $X in 2022, 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, however, saw a perceptible increase. As a result, consumption reached the peak level of $X, and then shrank significantly in the following year.

Tow-Behind Air Compressor Exports

Exports from Peru

In 2022, overseas shipments of air compressors mounted on a wheeled chassis for towing increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, tow-behind air compressor exports surged to $X in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Colombia (X units) was the main destination for tow-behind air compressor exports from Peru, accounting for a X% share of total exports. Moreover, tow-behind air compressor exports to Colombia exceeded the volume sent to the second major destination, Ecuador (X units), fourfold. The third position in this ranking was taken by Bolivia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Bolivia (X% per year).

In value terms, Colombia ($X) emerged as the key foreign market for air compressors mounted on a wheeled chassis for towing exports from Peru, comprising X% of total exports. The second position in the ranking was held by Bolivia ($X), with a X% share of total exports. It was followed by Ecuador, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (X% per year) and Ecuador (X% per year).

Export Prices by Country

The average tow-behind air compressor export price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 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 Bolivia ($X per unit), while the average price for exports to Cuba ($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 Cuba (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tow-Behind Air Compressor Imports

Imports into Peru

In 2022, the amount of air compressors mounted on a wheeled chassis for towing imported into Peru shrank remarkably to X units, waning by X% compared with the year before. Overall, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then declined rapidly in the following year.

In value terms, tow-behind air compressor imports declined to $X in 2022. Over the period under review, imports recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest tow-behind air compressor supplier to Peru, accounting for a X% share of total imports. Moreover, tow-behind air compressor imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), fivefold. The United States (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and the United States (X% per year).

In value terms, China ($X), the United States ($X) and Belgium ($X) were the largest tow-behind air compressor suppliers to Peru, together accounting for X% of total imports. Brazil, France and Turkey lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Turkey, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average tow-behind air compressor import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, saw a abrupt decrease. The import price peaked at $X per unit in 2012; however, from 2013 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 Belgium ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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