Peru: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in Peru

The Peruvian centrifugal clothes-dryer market expanded significantly to $X in 2021, surging by 5.7% 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). In general, consumption saw a mild decrease. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Centrifugal Clothes-Dryer Exports

Exports from Peru

In 2021, approx. X units of centrifugal clothes-dryers were exported from Peru; shrinking by -98.3% on 2020. In general, exports saw a dramatic curtailment. The growth pace was the most rapid in 2020 when exports increased by 1,833% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, centrifugal clothes-dryer exports plummeted to $X in 2021. Over the period under review, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 2,301%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, the United States ($X) remains the key foreign market for centrifugal clothes-dryers exports from Peru, comprising 88% of total exports. The second position in the ranking was taken by Panama ($X), with an 8.4% share of total exports. It was followed by Chile, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-48.1% per year) and Chile (-16.4% per year).

Export Prices by Country

In 2021, the average centrifugal clothes-dryer export price amounted to $X per unit, growing by 9.4% against the previous year. Over the period under review, the export price continues to indicate a perceptible increase. The pace of growth appeared the most rapid in 2013 an increase of 140%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 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 the United States ($X per unit), while the average price for exports to the Dominican Republic ($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 the United States (+19.1%), while the prices for the other major destinations experienced a decline.

Centrifugal Clothes-Dryer Imports

Imports into Peru

In 2021, purchases abroad of centrifugal clothes-dryers decreased by -6.3% to X units, falling for the second year in a row after three years of growth. In general, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 232% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, centrifugal clothes-dryer imports amounted to $X in 2021. Overall, imports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 232% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

South Korea (X units), the United States (X units) and Sweden (X units) were the main suppliers of centrifugal clothes-dryer imports to Peru, with a combined 91% share of total imports. Japan, China and Spain lagged somewhat behind, together accounting for a further 7.1%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +32.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of centrifugal clothes-dryers to Peru, comprising 54% of total imports. The second position in the ranking was held by the United States ($X), with a 26% share of total imports. It was followed by Sweden, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from South Korea stood at +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-9.2% per year) and Sweden (+24.2% per year).

Import Prices by Country

In 2021, the average centrifugal clothes-dryer import price amounted to $X per unit, increasing by 17% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 53% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :