Peru - Tractors - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTractor Price in Peru - 2021
Contents:
- Tractor Price in Peru (CIF) - 2021
- Tractor Price in Peru (FOB) - 2022
- Tractor Imports in Peru
- Tractor Exports in Peru
Tractor Price in Peru (CIF) - 2021
In April 2020, the average tractor import price amounted to $24,842 per unit, reducing by -47.7% against the previous month. Over the period under review, the import price showed a abrupt slump. The most prominent rate of growth was recorded in March 2020 when the average import price increased by 38% m-o-m. As a result, import price attained the peak level of $47,455 per unit, and then declined remarkably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($97,144 per unit), while the price for China ($2,728 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 the United States (+83.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Tractor Price in Peru (FOB) - 2022
The average tractor export price stood at $52,971 per unit in 2022, jumping by 18% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2019 an increase of 39% against the previous year. Over the period under review, the average export prices hit record highs at $127,124 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($102,222 per unit), while the average price for exports to Guyana ($11,494 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 (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.
Tractor Imports in Peru
In 2022, approx. 6.4K units of tractors were imported into Peru; shrinking by -6.7% on the year before. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 39%. As a result, imports attained the peak of 6.9K units, and then fell in the following year.
In value terms, tractor imports shrank rapidly to $218M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 126% against the previous year. As a result, imports attained the peak of $277M, and then contracted sharply in the following year.
Import of Tractor in Peru (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 39.3 | 26.2 | 96.9 | 72.8 | 22.8% |
Mexico | 78.1 | 30.8 | 74.9 | 54.7 | -11.2% |
China | 10.9 | 10.8 | 25.8 | 20.2 | 22.8% |
Italy | 8.9 | 7.8 | 8.7 | 11.7 | 9.5% |
United States | 25.1 | 7.4 | 14.9 | 10.3 | -25.7% |
Germany | 7.0 | 3.2 | 9.4 | 6.4 | -2.9% |
Sweden | 9.9 | 2.8 | 2.9 | 3.7 | -28.0% |
India | 3.0 | 2.9 | 3.4 | 3.2 | 2.2% |
Japan | 2.0 | 2.7 | 3.5 | 3.1 | 15.7% |
United Kingdom | 1.0 | 0.8 | 1.2 | 1.3 | 9.1% |
Others | 31.8 | 27.2 | 35.5 | 30.3 | -1.6% |
Total | 217 | 123 | 277 | 218 | 0.2% |
Top Suppliers of Tractor to Peru in 2022:
- China (1327.0 units)
- Brazil (833.0 units)
- Mexico (673.0 units)
- United Kingdom (618.0 units)
- Italy (232.0 units)
- Japan (177.0 units)
- United States (118.0 units)
- India (96.0 units)
- Germany (89.0 units)
- Sweden (43.0 units)
Tractor Exports in Peru
In 2022, overseas shipments of tractors increased by 11% to 39 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a dramatic descent. The exports peaked at 86 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, tractor exports skyrocketed to $2.1M in 2022. In general, exports, however, faced a precipitous decline. Over the period under review, the exports reached the peak figure at $5.3M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Tractor in Peru (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bolivia | 271 | 354 | 570 | 753 | 40.6% |
Panama | 888 | 671 | 196 | 622 | -11.2% |
Chile | 614 | 112 | 174 | 237 | -27.2% |
Australia | 103 | 139 | 91.4 | 139 | 10.5% |
Mexico | 213 | 102 | 159 | 102 | -21.8% |
United States | 387 | 116 | 60.7 | 73.6 | -42.5% |
Guyana | 8.7 | 29.6 | 108 | 57.5 | 87.7% |
Ecuador | 185 | 56.9 | 32.3 | 42.8 | -38.6% |
Italy | 2,277 | 294 | 77.4 | 19.1 | -79.7% |
Colombia | 27.2 | 28.4 | 55.8 | 1.0 | -66.7% |
Nigeria | N/A | 69.2 | N/A | N/A | 0% |
Iraq | 324 | N/A | N/A | N/A | 0% |
Others | 2.9 | 46.6 | 42.7 | 19.1 | 87.4% |
Total | 5,301 | 2,018 | 1,568 | 2,066 | -27.0% |
Top Export Markets for Tractor from Peru in 2022:
- Bolivia (14.0 units)
- Panama (11.0 units)
- Chile (6.0 units)
- Guyana (5.0 units)
- Australia (2.0 units)
- Mexico (1.0 units)
- Ecuador (1.0 units)
This report provides an in-depth analysis of the tractor market 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 28301000 - Pedestrian-controlled tractors
- Prodcom 28302100 - New agricultural and forestry tractors, wheeled, of an engine power . .37 kW
- Prodcom 28302200 - New agricultural and forestry tractors, wheeled, of an engine power > .37 kW but . .59 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302330 - New agricultural and forestry tractors, wheeled, of an engine power > .59 kW but . .75 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302350 - New agricultural and forestry tractors, wheeled, of an engine power > .75 kW but . .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302370 - New agricultural and forestry tractors, wheeled, of an engine power > .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302390 - New tractors excluding agricultural/forestry tractors, wheeled, p edestrian-controlled tractors - road tractors for semi-trailers, t rack-laying tractors -tractors used on railway platforms
- Prodcom 28925000 - (Crawler tractors) Track-laying tractors
- Prodcom 29104300 - Road tractors for semi-trailers
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
-
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
This report provides an in-depth analysis of the tractor market in Peru.
This report provides an in-depth analysis of the market for road tractor for semi-trailer in Peru.
This report provides an in-depth analysis of the crawler tractor market in Peru.
This report provides an in-depth analysis of the pedestrian-controlled tractor market in Peru.
This report provides an in-depth analysis of the market for agricultural and forestry tractor in Peru.
This report provides an in-depth analysis of the global tractor market.
This report provides an in-depth analysis of the global market for road tractor for semi-trailer.
This report provides an in-depth analysis of the global crawler tractor market.
This report provides an in-depth analysis of the global pedestrian-controlled tractor market.
This report provides an in-depth analysis of the global market for agricultural and forestry tractor.
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In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
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