Peru: Market for Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China 2024

Market Size for Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China in Peru

The Peruvian market for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china contracted to $X in 2022, with a decrease of -8.5% 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 buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -15.0% against 2019 indices. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China

Exports from Peru

In 2022, overseas shipments of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china increased by 4,839% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a significant expansion. Over the period under review, the exports of attained the maximum at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china skyrocketed to $X in 2022. In general, exports showed a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 3,349% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The Dominican Republic (X units) was the main destination for exports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china from Peru, accounting for a 83% share of total exports. Moreover, exports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china to the Dominican Republic exceeded the volume sent to the second major destination, Belize (X units), more than tenfold. The third position in this ranking was held by the United States (X units), with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Dominican Republic amounted to +108.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belize (+54.4% per year) and the United States (+1.3% per year).

In value terms, the Dominican Republic ($X) remains the key foreign market for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china exports from Peru, comprising 83% of total exports. The second position in the ranking was held by Belize ($X), with a 4.5% share of total exports. It was followed by Guatemala, with a 2% share.

From 2012 to 2022, the average annual growth rate of value to the Dominican Republic totaled +113.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belize (+42.4% per year) and Guatemala (+12.0% per year).

Export Prices by Country

In 2022, the average export price for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china amounted to $X per unit, declining by -40% against the previous year. In general, the export price, however, recorded resilient growth. The pace of growth appeared the most rapid in 2020 an increase of 142% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China

Imports into Peru

In 2022, imports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china into Peru reduced slightly to X units, which is down by -3.4% on 2021 figures. Overall, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 66% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china dropped modestly to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 55% against the previous year. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Colombia (X units) and Ecuador (X units) were the main suppliers of imports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china to Peru, with a combined 98% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of +49.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china to Peru, comprising 62% of total imports. The second position in the ranking was taken by Colombia ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+28.7% per year) and Ecuador (-0.6% per year).

Import Prices by Country

In 2022, the average import price for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china amounted to $X per unit, flattening at the previous year. Overall, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 an increase of 10%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 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 China ($X per unit), while the price for Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform