Peru: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Peru

The Peruvian geometrical quantities electronic measurer market dropped to $X in 2022, with a decrease of -13.4% 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). The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then declined in the following year.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Peru

For the third consecutive year, Peru recorded decline in overseas shipments of electronic instruments and machines for measuring geometrical quantities, which decreased by -8.6% to X units in 2022. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2015 when exports increased by 330%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, geometrical quantities electronic measurer exports soared to $X in 2022. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 156%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X units) was the main destination for geometrical quantities electronic measurer exports from Peru, with a 30% share of total exports. Moreover, geometrical quantities electronic measurer exports to Chile exceeded the volume sent to the second major destination, Ecuador (X units), twofold. The third position in this ranking was held by Colombia (X units), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile totaled +27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+15.2% per year) and Colombia (+9.6% per year).

In value terms, the largest markets for geometrical quantities electronic measurer exported from Peru were Ecuador ($X), the United States ($X) and Colombia ($X), with a combined 69% share of total exports. Mexico, Chile, the UK and France lagged somewhat behind, together accounting for a further 23%.

In terms of the main countries of destination, the UK, with a CAGR of +46.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average geometrical quantities electronic measurer export price stood at $X per unit in 2022, jumping by 30% against the previous year. Overall, the export price, however, recorded a mild slump. The pace of growth appeared the most rapid in 2016 an increase of 58%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Peru

Geometrical quantities electronic measurer imports into Peru fell dramatically to X units in 2022, with a decrease of -15% on the year before. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 +28.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51%. As a result, imports attained the peak of X units, and then shrank notably in the following year.

In value terms, geometrical quantities electronic measurer imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 33%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, China (X units) constituted the largest geometrical quantities electronic measurer supplier to Peru, accounting for a 49% share of total imports. Moreover, geometrical quantities electronic measurer imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), fourfold. Mexico (X units) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+16.0% per year) and Mexico (+17.0% per year).

In value terms, the largest geometrical quantities electronic measurer suppliers to Peru were China ($X), the United States ($X) and Germany ($X), together comprising 48% of total imports. Italy, Malaysia, Brazil, Spain, Mexico and Thailand lagged somewhat behind, together accounting for a further 22%.

Malaysia, with a CAGR of +48.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average geometrical quantities electronic measurer import price amounted to $X per unit, surging by 3% against the previous year. Over the period under review, the import price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2019 an increase of 18% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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