Peru: Baby Clothes Market 2024

Baby Clothes Market Size in Peru

The Peruvian baby clothes market fell to $X in 2022, reducing by -11% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Baby clothes consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Baby Clothes Production in Peru

In value terms, baby clothes production rose sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.0% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 56% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Baby Clothes Exports

Exports from Peru

Baby clothes exports from Peru skyrocketed to X tons in 2022, rising by 61% compared with 2021. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 87% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, baby clothes exports surged to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 123% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Chile (X tons) and the UK (X tons) were the main destinations of baby clothes exports from Peru, with a combined 83% share of total exports. Sweden, Guatemala, Spain and Bolivia lagged somewhat behind, together accounting for a further 5.3%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +62.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for babies clothing and accessories (not knitted or crocheted) exports from Peru, comprising 59% of total exports. The second position in the ranking was taken by Chile ($X), with a 14% share of total exports. It was followed by the UK, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+4.2% per year) and the UK (+16.9% per year).

Export Prices by Country

The average baby clothes export price stood at $X per ton in 2022, picking up by 25% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, baby clothes export price increased by +42.4% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+50.8%), while the prices for the other major destinations experienced more modest paces of growth.

Baby Clothes Imports

Imports into Peru

In 2022, the amount of babies clothing and accessories (not knitted or crocheted) imported into Peru declined markedly to X tons, shrinking by -77.8% against the previous year's figure. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 59%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, baby clothes imports dropped dramatically to $X in 2022. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2013 when imports increased by 50%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Myanmar (X tons) was the main supplier of baby clothes to Peru, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Myanmar amounted to +228.2%.

In value terms, Myanmar ($X) constituted the largest supplier of babies clothing and accessories (not knitted or crocheted) to Peru.

From 2012 to 2022, the average annual growth rate of value from Myanmar totaled +219.3%.

Import Prices by Country

The average baby clothes import price stood at $X per ton in 2022, rising by 189% against the previous year. In general, the import price posted a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Myanmar.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -1.4% per year.

Source: IndexBox Platform

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