Report Update Nov 1, 2024

Peru - Household Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Peru: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Peru

The Peruvian household sewing machine market skyrocketed to $X in 2021, increasing by 70% 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 enjoyed a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Household Sewing Machine Exports

Exports from Peru

In 2021, the amount of household sewing machines exported from Peru soared to X units, surging by 33% on the previous year. In general, exports, however, saw a dramatic descent. The pace of growth appeared the most rapid in 2017 when exports increased by 5,500% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, household sewing machine exports soared to $X in 2021. Over the period under review, exports, however, faced a sharp downturn. The growth pace was the most rapid in 2017 when exports increased by 2,615%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X units) and Ghana (X units) were the main destinations of household sewing machine exports from Peru. Moreover, household sewing machine exports in Bolivia exceeded the figures recorded by the second-largest exporter, Ghana, twofold.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of 0.0%).

In value terms, Ecuador ($X) remains the key foreign market for household sewing machines exports from Peru, comprising 55% of total exports. The second position in the ranking was held by Bolivia ($X), with a 23% share of total exports. It was followed by Chile, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value to Ecuador totaled -12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-23.3% per year) and Chile (-49.8% per year).

Export Prices by Country

In 2021, the average household sewing machine export price amounted to $X per unit, jumping by 25% against the previous year. Overall, the export price posted a significant expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 347%. As a result, the export price reached the peak level of $X per unit. 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 Ecuador ($X per unit), while the average price for exports to Ghana ($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 Chile (+49.7%), while the prices for the other major destinations experienced more modest paces of growth.

Household Sewing Machine Imports

Imports into Peru

In 2021, the amount of household sewing machines imported into Peru skyrocketed to X units, with an increase of 80% compared with the previous year's figure. In general, imports continue to indicate a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, household sewing machine imports surged to $X in 2021. Over the period under review, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest household sewing machine supplier to Peru, with a 67% share of total imports. Moreover, household sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fivefold. Thailand (X units) ranked third in terms of total imports with a 3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+32.6% per year) and Thailand (+7.7% per year).

In value terms, Vietnam ($X), China ($X) and Taiwan (Chinese) ($X) were the largest household sewing machine suppliers to Peru, with a combined 65% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of +33.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average household sewing machine import price amounted to $X per unit, with a decrease of -7.6% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 7.7%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average 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 Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for household sewing machines in the world?

The country with the largest volume of household sewing machine consumption was Vietnam, accounting for 32% of total volume. Moreover, household sewing machine consumption in Vietnam exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by Taiwan Chinese), with a 5.9% share.

What are the largest producers of household sewing machines in the world?

The countries with the highest volumes of household sewing machine production in 2020 were Vietnam, China and Taiwan Chinese), together accounting for 87% of global production.

What are the leading suppliers of household sewing machines to Peru?

In value terms, the largest household sewing machine suppliers to Peru were Vietnam, China and Taiwan Chinese), with a combined 96% share of total imports.

What are the leading importers of household sewing machines from Peru?

In value terms, Ecuador emerged as the key foreign market for household sewing machine exports from Peru, comprising 94% of total exports. The second position in the ranking was occupied by Bolivia $385), with a 3.4% share of total exports.

What is the average export price for household sewing machines in Peru?

In 2020, the average household sewing machine export price amounted to $91 per unit, which is down by -22.7% against the previous year.

What is the average import price for household sewing machines in Peru?

In 2020, the average household sewing machine import price amounted to $18 per unit, falling by -40.9% against the previous year.

This report provides an in-depth analysis of the household sewing machine market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28944000 - Domestic sewing machines (excluding furniture, bases and covers)

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023