Report Update Jan 1, 2025

Peru - Cards Incorporating A Magnetic Stripe - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Magnetic Card Market 2025

Magnetic Card Market Size in Peru

The Peruvian magnetic card market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption saw a precipitous shrinkage. Magnetic card consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Magnetic Card Exports

Exports from Peru

In 2021, overseas shipments of cards incorporating a magnetic stripe were finally on the rise to reach X units after five years of decline. Over the period under review, exports, however, continue to indicate a significant curtailment. The growth pace was the most rapid in 2014 with an increase of 200%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, magnetic card exports stood at $X in 2021. In general, exports, however, continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 243% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (X units) was the main destination for magnetic card exports from Peru, accounting for a 68% share of total exports. Moreover, magnetic card exports to Chile exceeded the volume sent to the second major destination, Colombia (X units), fourfold. Argentina (X units) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to Chile amounted to +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-14.9% per year) and Argentina (-0.1% per year).

In value terms, Chile ($X) remains the key foreign market for cards incorporating a magnetic stripe exports from Peru, comprising 61% of total exports. The second position in the ranking was held by Colombia ($X), with an 11% share of total exports. It was followed by Argentina, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile stood at +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-14.3% per year) and Argentina (-17.5% per year).

Export Prices by Country

The average magnetic card export price stood at $X per unit in 2021, dropping by -5.4% against the previous year. In general, the export price showed a pronounced contraction. The most prominent rate of growth was recorded in 2013 an increase of 20%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+32.7%), while the prices for the other major destinations experienced mixed trend patterns.

Magnetic Card Imports

Imports into Peru

For the fourth consecutive year, Peru recorded decline in purchases abroad of cards incorporating a magnetic stripe, which decreased by -1.6% to X units in 2021. Over the period under review, imports recorded a sharp decline. The pace of growth appeared the most rapid in 2017 with an increase of 34%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, magnetic card imports soared to $X in 2021. Overall, imports continue to indicate a abrupt shrinkage. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Spain (X units) and Colombia (X units) were the main suppliers of magnetic card imports to Peru, together comprising 67% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of -2.2%), while purchases for the other leaders experienced a decline.

In value terms, the largest magnetic card suppliers to Peru were China ($X), Colombia ($X) and India ($X), with a combined 65% share of total imports. These countries were followed by Brazil, Chile, Spain, the United States, Argentina and Mexico, which together accounted for a further 23%.

Among the main suppliers, Spain, with a CAGR of +0.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average magnetic card import price stood at $X per unit in 2021, rising by 25% against the previous year. Over the period under review, the import price recorded a prominent increase. The pace of growth was the most pronounced in 2020 an increase of 83% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for Spain (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cards incorporating a magnetic stripe in the world?

The countries with the highest volumes of magnetic card consumption in 2020 were China, the United States and Spain, with a combined 35% share of global consumption.

What are the largest producers of cards incorporating a magnetic stripe in the world?

China remains the largest magnetic card producing country worldwide, accounting for 27% of total volume. Moreover, magnetic card production in China exceeded the figures recorded by the second-largest producer, Spain, threefold. The third position in this ranking was occupied by the United States, with a 10% share.

What are the leading suppliers of cards incorporating a magnetic stripe to Peru?

In value terms, the largest magnetic card suppliers to Peru were Colombia, the United States and China, together comprising 68% of total imports.

What are the leading importers of cards incorporating a magnetic stripe from Peru?

In value terms, Chile remains the key foreign market for magnetic card exports from Peru.

What is the average export price for cards incorporating a magnetic stripe in Peru?

In 2020, the average magnetic card export price amounted to $0.4 per unit, dropping by -44% against the previous year.

What is the average import price for cards incorporating a magnetic stripe in Peru?

The average magnetic card import price stood at $0.1 per unit in 2020, with an increase of 3.4% against the previous year.

This report provides an in-depth analysis of the magnetic card market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26801400 - Cards incorporating a magnetic stripe

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024