Peru: Computing Machinery Market 2024

Computing Machinery Market Size in Peru

In 2021, the Peruvian computing machinery market increased by 24% to $X, rising for the fourth consecutive year after four years of decline. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Computing Machinery Exports

Exports from Peru

In 2021, approx. X tons of computing machinery and parts and accessories thereof were exported from Peru; waning by -11% compared with the year before. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 101% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, computing machinery exports rose notably to $X in 2021. Overall, exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 74% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for computing machinery exports from Peru, accounting for a 41% share of total exports. Moreover, computing machinery exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), twofold. The third position in this ranking was held by Colombia (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+9.6% per year) and Colombia (+1.9% per year).

In value terms, the United States ($X) remains the key foreign market for computing machinery and parts and accessories thereof exports from Peru, comprising 51% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 5.2% share of total exports. It was followed by Colombia, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+1.7% per year) and Colombia (-2.4% per year).

Export Prices by Country

The average computing machinery export price stood at $X per ton in 2021, growing by 21% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, computing machinery export price increased by +61.5% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 79%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Computing Machinery Imports

Imports into Peru

In 2021, overseas purchases of computing machinery and parts and accessories thereof increased by 13% to X tons, rising for the fourth year in a row after two years of decline. In general, imports, however, showed a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, computing machinery imports skyrocketed to $X in 2021. Overall, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.2% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of computing machinery to Peru, with a 54% share of total imports. Moreover, computing machinery imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), more than tenfold. Mexico (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+6.9% per year) and Mexico (-3.9% per year).

In value terms, China ($X) constituted the largest supplier of computing machinery and parts and accessories thereof to Peru, comprising 49% of total imports. The second position in the ranking was held by Mexico ($X), with a 6.3% share of total imports. It was followed by the United States, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+0.2% per year) and the United States (-1.6% per year).

Import Prices by Country

In 2021, the average computing machinery import price amounted to $X per ton, surging by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2020 an increase of 11%. The import price peaked in 2021 and is likely to continue growth in years to come.

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 the United States ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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