Peru: Market for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) 2022

Market Size for Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows) in Peru

The Peruvian bedding and furnishing article market skyrocketed to $X in 2021, jumping by 26% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +87.5% against 2016 indices. Bedding and furnishing article consumption peaked in 2021 and is expected to retain growth in years to come.

Exports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Exports from Peru

In 2021, exports of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) from Peru soared to X tons, rising by 37% on the previous year. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 82%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, bedding and furnishing article exports surged to $X in 2021. In general, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +10.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for bedding and furnishing article exports from Peru, with a 84% share of total exports. Moreover, bedding and furnishing article exports to the United States exceeded the volume sent to the second major destination, Ecuador (X tons), more than tenfold. Chile (X tons) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-9.4% per year) and Chile (+15.6% per year).

In value terms, the United States ($X) remains the key foreign market for bedding and furnishing article exports from Peru, comprising 79% of total exports. The second position in the ranking was held by Ecuador ($X), with a 5% share of total exports. It was followed by Chile, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-10.2% per year) and Chile (+14.4% per year).

Export Prices by Country

In 2021, the average bedding and furnishing article export price amounted to $X per ton, with an increase of 45% against the previous year. Overall, the export price, however, saw a mild descent. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Colombia ($X per ton), while the average price for exports to Canada ($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 Colombia (+21.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bedding and Furnishing Articles (Quilts, Eiderdowns, Cushions, Pouffes And Pillows)

Imports into Peru

In 2021, overseas purchases of bedding and furnishing articles (quilts, eiderdowns, cushions, pouffes and pillows) increased by 26% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by 29%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, bedding and furnishing article imports skyrocketed to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.3% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of 30% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of bedding and furnishing article to Peru, accounting for a 95% share of total imports. It was followed by Chile (X tons), with a 1.8% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +10.8%.

In value terms, China ($X) constituted the largest supplier of bedding and furnishing article to Peru, comprising 93% of total imports. The second position in the ranking was held by Chile ($X), with a 2.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +9.9%.

Import Prices by Country

In 2021, the average bedding and furnishing article import price amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, saw a slight setback. The pace of growth was the most pronounced in 2014 when the average import price increased by 7.5%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Chile ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+1.8%).

Source: IndexBox Platform