According to a report released by the Peruvian Ministry of Foreign Trade and Tourism in December 2021, from January to September this year, the total trade volume between China and Peru reached US$23.153 billion, a year-on-year increase of 58.2%, and the cumulative trade surplus between Peru and China was US$4.478 billion. Among them, thanks to the increase in exports of fishery products (fishmeal, fish oil and squid) and mineral products (iron, silver and copper), Peru’s total exports to China increased by 71.1% year-on-year to US$13.816 billion; imports from China were US$9.337 billion, A year-on-year increase of 42.4%. China continues to maintain its status as Peru's largest trading partner. In the past 12 months, China-Peru trade has accounted for 31.5% of Peru's total trade. China is still Peru's largest export destination, Peru's exports to China accounted for 34% of Peru's total exports, and China is still the main destination of Peru's mining and fishery exports. Both accounted for 49% of the industry's total exports.
For the economic development of Peru, Dongqi Crane, as a global crane service provider, has always hoped to open up the Peruvian crane market. In the past 2021, Dongqi Crane has reached a total of 3 crane cooperation projects with Peruvian customers. We believe that with the in-depth understanding of Peru and the high-quality crane service quality, Dongqi Crane will be trusted by more customers. This article will analyze the market development of overhead cranes in Peru in 2022 from multiple perspectives
Before we start discussing the aerial crane market in Peru, we have a few small questions that need to be answered first. Let’s take a look
The Peruvian Overhead Crane Market dropped significantly to $X in 2020, down -X% from the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailer profits, which will be included in the final consumer price). Overall, however, there has been some growth in consumption. In 2014, the growth rate was the fastest, with an increase of X% year-on-year. As a result, consumption reaches a peak level of X dollars. From 2015 to 2020, market growth failed to regain momentum.
In 2020, approximately X fixed-stand overhead cranes were exported from Peru; an increase of X% compared to the previous year. Overall, exports continued to grow significantly. As a result, exports peaked and may continue to grow in the short term.
Overhead crane exports surged to $X in 2020 by value. Overall, exports have grown significantly. The rate of growth was most pronounced in 2018, with an X% increase over the previous year. As a result, exports peaked at X dollars. Export growth failed to regain momentum in 2019-20.
Chile (X units) is the main destination for Peruvian bridge crane exports, accounting for X% of total exports. In addition, five times as many overhead cranes were exported to Chile as to Argentina (X units), the second main destination.
From 2007 to 2020, the average annual growth rate of exports to Chile was +X%. Exports to other major destinations recorded the following average annual export growth rates: Argentina (X% per annum) and Bolivia (+ X% per annum).
In value terms, Chile ($X) remains the leading foreign market for Peruvian bridge crane exports, accounting for X% of total exports. In second place is Bolivia ($X) with X% of total exports.
From 2007 to 2020, the average annual growth in value to Chile totaled +X%. Exports to other major destinations recorded the following average annual export growth rates: Bolivia (+X% per annum) and Argentina (-X% per annum).
In 2020, overseas purchases of fixed-support overhead cranes increased by X% to X units, increasing for the third consecutive year after declining for three consecutive years. During the period under review, imports increased significantly. The fastest pace of growth appears to have been in 2011, when imports increased by X% over the previous year. Imports peaked at X units in 2012; however, from 2013 to 2020, imports have remained low.
2020 Overhead Crane Imports Reduced to $X by Value. Overall, imports rose slightly. The most significant growth rate occurred in 2014, which was an X% increase compared to the previous year. As a result, imports peaked at X dollars. From 2015 to 2020, import growth remained low.
China (X units), Spain (X units) and the Amerika Serikat (X units) are the main suppliers of bridge crane imports to Peru, together accounting for X% of total imports. This is followed by Australia, Prancis, Belgia and Italy, which further increased their purchases by a factor of X from 2007 to 2020, with Belgium achieving the most significant growth rate of purchases among major suppliers (annual + X% ), while other leaders saw more modest growth in imports.
Spain ($X) is the largest supplier of overhead cranes to Peru by value, accounting for X% of total imports. In second place is the United States ($X) with X% of total imports. It is followed by China with an X% share. From 2007 to 2020, the average annual value growth in Spain was +X%. The average annual growth rates of imports for the remaining suppliers are as follows: the United States (+X% per annum) and China (+X% per annum).
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