Peru: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Peru

In 2022, the Peruvian telephone apparatus market increased by 22% to $X, rising for the second consecutive year after four years of decline. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +72.4% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Telephone Apparatus Exports

Exports from Peru

In 2022, shipments abroad of telephone apparatus increased by 3% to X tons, rising for the third year in a row after two years of decline. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 766%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, telephone apparatus exports expanded remarkably to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 233% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), Hong Kong SAR (X tons) and Chile (X tons) were the main destinations of telephone apparatus exports from Peru, with a combined 52% share of total exports. Mexico, Colombia, Guatemala and Bolivia lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +46.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for telephone apparatus exported from Peru were the United States ($X), Hong Kong SAR ($X) and Chile ($X), with a combined 86% share of total exports. Mexico, Guatemala, Colombia and Bolivia lagged somewhat behind, together comprising a further 38%.

Guatemala, with a CAGR of +83.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average telephone apparatus export price stood at $X per ton in 2021, with a decrease of -1.9% against the previous year. Overall, the export price showed a mild contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 69% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Peru

In 2022, purchases abroad of telephone apparatus increased by 4.2% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 23% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, telephone apparatus imports surged to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +80.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest telephone apparatus supplier to Peru, with a 34% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+65.5% per year) and the United States (-5.1% per year).

In value terms, China ($X) constituted the largest supplier of telephone apparatus to Peru, comprising 70% of total imports. The second position in the ranking was held by Vietnam ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+97.6% per year) and the United States (-8.0% per year).

Import Prices by Country

In 2021, the average telephone apparatus import price amounted to $X per ton, growing by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+19.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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