Peru’s import of aluminium stranded wire during 2019-20 signifies express growth; 3% growth estimated for 2021
The economic output of Peru indicated that it will grow 10% in 2021 and 4.8% in 2022, supported by a favourable external context. However, these forecasts are strongly conditioned to the maintenance of macroeconomic stability by the new government administration and largely reflect a rebound after the sharp output contraction in 2020.
The South American nation’s import of aluminium stranded wire during 2019-20 was documented at 17,345 tonnes and the revenue expended for the import remained at $32.04 million.
In 2019, the aluminium stranded wire import in Peru was registered at 3856 tonnes and the expenditure occurred for import was $8.97 million, whereas, in 2020, the import signifies an express growth of 249.81%, as the import volume surge to 13,489 tonnes due to rise in demand at the domestic market and the expenditure soars to $23.07.
Peru’s import for 2021 is analysed with further growth of 3.26%, as the import volume is estimated to rise at 13,929 tonnes and the expenditure to stand at $23.87 million.
The major trading destinations for Peru’s import of aluminium stranded wires are China, India, Colombia, Venezuela, etc.
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