Peru: Electric Radiator Market 2025

Electric Radiator Market Size in Peru

The Peruvian electric radiator market surged to $X in 2021, picking up by 45% 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). Over the period under review, consumption showed a slight expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Electric Radiator Exports

Exports from Peru

Electric radiator exports from Peru soared to X units in 2021, with an increase of 329% compared with the previous year's figure. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 16,367%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, electric radiator exports soared to $X in 2021. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 11,000% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bolivia (X units) was the main destination for electric radiator exports from Peru, accounting for a 67% share of total exports. Moreover, electric radiator exports to Bolivia exceeded the volume sent to the second major destination, Chile (X units), fivefold. Canada (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Bolivia totaled -24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-46.6% per year) and Canada (-10.1% per year).

In value terms, the United States ($X) remains the key foreign market for electric radiators and convection heaters exports from Peru, comprising 59% of total exports. The second position in the ranking was held by Chile ($X), with a 16% share of total exports. It was followed by Canada, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-45.1% per year) and Canada (-16.8% per year).

Export Prices by Country

In 2021, the average electric radiator export price amounted to $X per unit, reducing by -64% against the previous year. Over the period under review, the export price showed a slight downturn. The growth pace was the most rapid in 2019 when the average export price increased by 214%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Bolivia ($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 the United States (+51.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Radiator Imports

Imports into Peru

Electric radiator imports into Peru soared to X units in 2021, with an increase of 43% compared with the previous year. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 143% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, electric radiator imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a temperate increase. The pace of growth appeared the most rapid in 2014 with an increase of 88% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main electric radiator supplier to Peru, accounting for a approx. 97% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of electric radiators and convection heaters to Peru.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +2.0%.

Import Prices by Country

The average electric radiator import price stood at $X per unit in 2021, picking up by 1.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 29% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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 +1.3% per year.

Source: IndexBox Platform

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