Peru: Hand-Operated Air Pump Market 2024

Hand-Operated Air Pump Market Size in Peru

The Peruvian hand-operated air pump market rose modestly to $X in 2022, with an increase of 4.7% 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, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Hand-Operated Air Pump Exports

Exports from Peru

In 2022, shipments abroad of hand or foot-operated air pumps decreased by -29.2% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 664%. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, hand-operated air pump exports shrank to $X in 2022. In general, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by 549%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Bolivia (X units), Colombia (X units) and Argentina (X units) were the main destinations of hand-operated air pump exports from Peru, with a combined 99.9% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of +81.9%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Argentina ($X) and Bolivia ($X) were the largest markets for hand-operated air pump exported from Peru worldwide, together accounting for 99.9% of total exports.

In terms of the main countries of destination, Argentina, with a CAGR of +46.8%, saw 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

In 2022, the average hand-operated air pump export price amounted to $X per unit, rising by 20% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 169%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Bolivia ($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 Chile (+29.2%), while the prices for the other major destinations experienced more modest paces of growth.

Hand-Operated Air Pump Imports

Imports into Peru

Hand-operated air pump imports into Peru stood at X units in 2022, growing by 3.8% compared with the year before. Over the period under review, imports posted resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 48% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, hand-operated air pump imports rose slightly to $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 12% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hand-operated air pump to Peru, with a 84% share of total imports. Moreover, hand-operated air pump imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+18.9% per year) and the United States (+4.2% per year).

In value terms, China ($X) constituted the largest supplier of hand or foot-operated air pumps to Peru, comprising 80% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 7.6% share of total imports. It was followed by the United States, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+20.9% per year) and the United States (-3.9% per year).

Import Prices by Country

The average hand-operated air pump import price stood at $X per unit in 2022, flattening at the previous year. Overall, the import price, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2015 when the average import price increased by 32%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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