Peru: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Peru

For the fifth consecutive year, the Peruvian market for electro-thermic appliances or domestic purposes recorded growth in sales value, which increased by 54% to $X in 2021. Overall, consumption posted a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from Peru

In 2021, the amount of electro-thermic appliances or domestic purposes exported from Peru surged to X units, rising by 171% compared with the year before. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electro-thermic appliances or domestic purposes exports skyrocketed to $X in 2021. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bolivia (X units) was the main destination for electro-thermic appliances or domestic purposes exports from Peru, with a 57% share of total exports. Moreover, electro-thermic appliances or domestic purposes exports to Bolivia exceeded the volume sent to the second major destination, Colombia (X units), twofold. The third position in this ranking was taken by the Dominican Republic (X units), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to Bolivia amounted to +197.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+68.7% per year) and the Dominican Republic (0.0% per year).

In value terms, Bolivia ($X) emerged as the key foreign market for electro-thermic appliances or domestic purposes exports from Peru, comprising 81% of total exports. The second position in the ranking was held by Colombia ($X), with a 5.4% share of total exports. It was followed by Ecuador, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia amounted to +165.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+45.6% per year) and Ecuador (-5.3% per year).

Export Prices by Country

In 2021, the average export price for electro-thermic appliances or domestic purposes amounted to $X per unit, growing by 74% against the previous year. In general, the export price, however, showed a slight shrinkage. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ecuador ($X per unit), while the average price for exports to the Dominican Republic ($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 Ecuador (+2.7%), while the prices for the other major destinations experienced a decline.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into Peru

Electro-thermic appliances or domestic purposes imports into Peru rose notably to X units in 2021, increasing by 14% compared with the previous year. In general, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +115.9% against 2013 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 27%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, electro-thermic appliances or domestic purposes imports surged to $X in 2021. Over the period under review, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of electro-thermic appliances or domestic purposes to Peru, accounting for a approx. 98% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +7.1%.

In value terms, China ($X) constituted the largest supplier of electro-thermic appliances or domestic purposes to Peru.

From 2012 to 2021, the average annual growth rate of value from China stood at +11.6%.

Import Prices by Country

The average import price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, rising by 50% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electro-thermic appliances or domestic purposes import price increased by +87.8% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +4.2% per year.

Source: IndexBox Platform

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