Peru: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Peru

The Peruvian plastic household articles market shrank modestly to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Plastic Household Articles Production in Peru

In value terms, plastic household articles production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 12% against the previous year. Plastic household articles production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Plastic Household Articles Exports

Exports from Peru

In 2022, after two years of growth, there was significant decline in shipments abroad of household articles and toilet articles of plastics, when their volume decreased by -7% to X tons. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 16%. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, plastic household articles exports reduced remarkably to $X in 2022. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 65%. As a result, the exports reached the peak of $X, and then contracted sharply in the following year.

Exports by Country

Bolivia (X tons), Chile (X tons) and Ecuador (X tons) were the main destinations of plastic household articles exports from Peru, together comprising 89% of total exports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +11.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic household articles exported from Peru were Chile ($X), Bolivia ($X) and Ecuador ($X), with a combined 89% share of total exports.

Among the main countries of destination, Chile, with a CAGR of +19.0%, saw the highest rates of growth with regard to 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 plastic household articles export price stood at $X per ton in 2022, which is down by -13.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2021 an increase of 42%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Peru

In 2022, purchases abroad of household articles and toilet articles of plastics decreased by -3.7% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +8.7% 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 +100.4% against 2017 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 122%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic household articles imports declined to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +66.7% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of 72% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic household articles to Peru, accounting for a 83% share of total imports. Moreover, plastic household articles imports from China exceeded the figures recorded by the second-largest supplier, Chile (X tons), more than tenfold. Colombia (X tons) ranked third in terms of total imports with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+4.1% per year) and Colombia (+4.2% per year).

In value terms, China ($X) constituted the largest supplier of household articles and toilet articles of plastics to Peru, comprising 77% of total imports. The second position in the ranking was taken by the United States ($X), with a 4.4% share of total imports. It was followed by Colombia, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.4% per year) and Colombia (-1.6% per year).

Import Prices by Country

In 2022, the average plastic household articles import price amounted to $X per ton, which is down by -5.2% against the previous year. Over the period under review, the import price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 20% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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