Peru: Ceramic Tile Market 2024

Ceramic Tile Market Size in Peru

The Peruvian ceramic tile market shrank slightly to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Ceramic Tile Production in Peru

In value terms, ceramic tile production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 16% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Ceramic Tile Exports

Exports from Peru

In 2022, exports of ceramic tiles from Peru shrank to X square meters, declining by -10.3% compared with the previous year's figure. In general, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 42% against the previous year. The exports peaked at X square meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, ceramic tile exports declined to $X in 2022. The total export value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 37%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X square meters), Ecuador (X square meters) and Colombia (X square meters) were the main destinations of ceramic tile exports from Peru, together comprising 78% of total exports. These countries were followed by the United States, Honduras, Panama and the Dominican Republic, which together accounted for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Honduras (with a CAGR of +54.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) remains the key foreign market for ceramic tiles exports from Peru, comprising 42% of total exports. The second position in the ranking was taken by the United States ($X), with a 21% share of total exports. It was followed by Ecuador, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.5% per year) and Ecuador (+12.6% per year).

Export Prices by Country

The average ceramic tile export price stood at $X per square meter in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, continues to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 when the average export price increased by 13%. As a result, the export price reached the peak level of $X per square meter. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Colombia ($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 the United States (+3.5%), while the prices for the other major destinations experienced a decline.

Ceramic Tile Imports

Imports into Peru

In 2022, imports of ceramic tiles into Peru fell to X square meters, flattening at the year before. In general, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.1% 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 +1.1% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by 56%. Imports peaked at X square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, ceramic tile imports declined slightly to $X in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 43% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest ceramic tile supplier to Peru, accounting for a 45% share of total imports. Moreover, ceramic tile imports from China exceeded the figures recorded by the second-largest supplier, Spain (X square meters), threefold. The third position in this ranking was taken by Brazil (X square meters), with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+14.1% per year) and Brazil (+2.6% per year).

In value terms, China ($X) constituted the largest supplier of ceramic tiles to Peru, comprising 47% of total imports. The second position in the ranking was held by Spain ($X), with a 15% share of total imports. It was followed by Brazil, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+7.6% per year) and Brazil (-3.8% per year).

Import Prices by Country

In 2022, the average ceramic tile import price amounted to $X per square meter, which is down by -2.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 19% against the previous year. The import price peaked at $X per square meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per square meter), while the price for Brazil ($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 India (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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