Peru: Carpet Market 2024

Carpet Market Size in Peru

The Peruvian carpet market reduced slightly to $X in 2022, falling by X% 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). The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Carpet Exports

Exports from Peru

Carpet exports from Peru declined to X square meters in 2022, shrinking by X% on the year before. Overall, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, carpet exports contracted to $X in 2022. In general, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X square meters) was the main destination for carpet exports from Peru, with a X% share of total exports. Moreover, carpet exports to the United States exceeded the volume sent to the second major destination, Bolivia (X square meters), twofold. The third position in this ranking was taken by Canada (X square meters), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (X% per year) and Canada (X% per year).

In value terms, the United States ($X) remains the key foreign market for carpets and other textile floor coverings exports from Peru, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average carpet export price amounted to $X per square meter, shrinking by X% against the previous year. In general, the export price recorded a mild decrease. The growth pace was the most rapid in 2014 an increase of X%. As a result, the export price reached the peak level of $X per square meter. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Cuba ($X per square meter) was amongst the lowest.

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

Carpet Imports

Imports into Peru

Carpet imports into Peru dropped slightly to X square meters in 2022, remaining relatively unchanged against the year before. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X square meters in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, carpet imports reduced to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of carpet to Peru, accounting for a X% share of total imports. Moreover, carpet imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X square meters), more than tenfold. The Netherlands (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Netherlands (X% per year).

In value terms, China ($X) constituted the largest supplier of carpets and other textile floor coverings to Peru, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average carpet import price amounted to $X per square meter, with a decrease of X% against the previous year. Overall, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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