The Peruvian lifting equipment market surges to $X in 2021, growing by X% year-on-year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailers’ profits, which will be included in the final consumer price). During the period under review, consumption increased significantly. During the period under review, the market reached its highest level in 2021 and is expected to maintain growth in the short term.

The scale of Peru’s lifting equipment exports
In 2021, after a two-year decline, overseas shipments of hoisting equipment saw a significant decline, with sales falling -X% to X units. During the period under review, however, there was a significant increase in exports. The most significant growth rate occurred in 2016, when exports increased by X% over the previous year. Exports peaked at X units in 2020 before shrinking sharply the following year.

In value terms, hoisting equipment exports fell significantly to $X in 2021. But overall, exports showed significant growth. 2020 appears to have seen the fastest growth, with an X% increase over the previous year. Exports peaked at $X in 2017; however, from 2018 to 2021, exports were slightly lower.

Chile (X units) is the main destination for Peruvian hoisting equipment exports, accounting for X% of total exports. It was followed by Ecuador (X units) with X% of total exports.

From 2012 to 2021, the average annual growth rate of exports to Chile is +X%.

By value, the largest markets for Peruvian hoisting equipment exports are Chile ($X) and Ecuador (the main destination country Ecuador, $X, with a CAGR of +X%, the highest value growth rate for exports during the period under review.

Import Scale of Lifting Equipment in Peru
In 2021, approximately X cranes were imported into Peru; an increase of X% compared to 2020 figures. During the period under review, imports increased significantly. The most significant growth rate occurred in 2016, with an increase of X%. During the period under review, imports hit an all-time high in 2021 and are expected to keep growing in the short term.

In 2021, imports of lifting equipment decreased to X dollars in value terms. Overall, imports have grown significantly. The most significant growth rate occurred in 2014, when imports increased by X% over the previous year. As a result, imports peaked at X dollars. Import growth momentum failed to recover from 2015 to 2021.

In 2021, China (X units) is the largest supplier of lifting equipment to Peru, accounting for X% of total imports. In addition, imports of lifting equipment from China were six times higher than the figures recorded by the second largest supplier, Portugal (X units). Belgium (X units) occupies third place in the ranking with an X% share.

From 2012 to 2021, the average annual growth rate of sales from China totals +X%. The average annual growth rates of imports in the remaining supplier countries are as follows: Portugal (+X% per annum) and Belgium (+X% per annum).

By value, the largest lifting equipment suppliers to Peru are Brazil ($X), China ($X) and Italy ($X) with X% of total imports. Brazil, with a CAGR of +X%, had the highest growth in import value among the major suppliers during the review period, while other leaders saw more modest growth in purchases.

Statistics of various crane suppliers in Peru
Brazil, China and Italy appear to be the largest suppliers of lifting equipment to Peru by value, accounting for 55% of total imports.

Chile and Ecuador are the world’s largest markets for Peruvian lifting equipment exports by value.

The average export price of hoisting equipment in 2021 is US$798/unit, down -24.7% from the previous year.

The average import price of hoisting equipment in 2021 is $913 per unit, down -66.1% from the previous year.

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Peru 2022 Lifting Equipment Market Analysis