Peru - Hot-Rolled Bars In Bearing Steels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Bearing Steel Bar in Peru - 2021
Contents:
- Price for Hot-Rolled Bearing Steel Bar in Peru (CIF) - 2021
- Price for Hot-Rolled Bearing Steel Bar in Peru (FOB) - 2022
- Imports of Hot-Rolled Bearing Steel Bar in Peru
- Exports of Hot-Rolled Bearing Steel Bar in Peru
Price for Hot-Rolled Bearing Steel Bar in Peru (CIF) - 2021
In April 2020, the average hot-rolled bearing steel bar import price amounted to $624 per ton, remaining relatively unchanged against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2020 when the average import price increased by 8% m-o-m. As a result, import price reached the peak level of $678 per ton. From March 2020 to April 2020, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In April 2020, the country with the highest price was Chile ($621 per ton), while the price for China totaled $616 per ton.
From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by Chile (+0.3%).
Price for Hot-Rolled Bearing Steel Bar in Peru (FOB) - 2022
The average hot-rolled bearing steel bar export price stood at $953 per ton in 2022, with a decrease of -19.5% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 148%. As a result, the export price reached the peak level of $1,782 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Bolivia.
From 2012 to 2022, the rate of growth in terms of prices for Bolivia amounted to -2.2% per year.
Imports of Hot-Rolled Bearing Steel Bar in Peru
In 2022, approx. 245K tons of hot-rolled bars in bearing steels were imported into Peru; shrinking by -8.5% on 2021 figures. In general, imports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year.
In value terms, hot-rolled bearing steel bar imports reduced rapidly to $194M in 2022. Overall, total imports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 80% against the previous year. As a result, imports reached the peak of $249M, and then declined rapidly in the following year.
Import of Hot-Rolled Bearing Steel Bar in Peru (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Chile | 133 | 75.6 | 150 | 119 | -3.6% |
China | 43.9 | 51.6 | 84.9 | 67.3 | 15.3% |
Brazil | 7.3 | 2.6 | 5.0 | 4.0 | -18.2% |
Others | 2.7 | 8.9 | 9.2 | 3.9 | 13.0% |
Total | 187 | 139 | 249 | 194 | 1.2% |
Top Suppliers of Hot-Rolled Bearing Steel Bar to Peru in 2022:
- Chile (147.7K tons)
- China (88.1K tons)
- Brazil (6.1K tons)
Exports of Hot-Rolled Bearing Steel Bar in Peru
In 2022, the amount of hot-rolled bars in bearing steels exported from Peru skyrocketed to 1.5K tons, with an increase of 49% on 2021. In general, exports, however, recorded a dramatic decline.
In value terms, hot-rolled bearing steel bar exports soared to $1.5M in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn.
Export of Hot-Rolled Bearing Steel Bar in Peru (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bolivia | 32.5 | 154 | 45.6 | 1,453 | 254.9% |
Ecuador | N/A | 944 | 174 | N/A | -81.6% |
Colombia | N/A | 364 | 93.1 | N/A | -74.4% |
China | 2,147 | N/A | N/A | N/A | 0% |
Mexico | N/A | N/A | 782 | N/A | 0% |
Brazil | N/A | 145 | 116 | N/A | -20.0% |
Others | N/A | 88.3 | N/A | N/A | 0% |
Total | 2,180 | 1,695 | 1,211 | 1,453 | -12.6% |
Top Export Markets for Hot-Rolled Bearing Steel Bar from Peru in 2022:
- Bolivia (1.5K tons)
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106630 - Hot-rolled bars in bearing steels
Country coverage:
- Peru
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Peru
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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