Peru: Test And Measurement Market 2025

Test And Measurement Market Size in Peru

The Peruvian test and measurement market soared to $X in 2021, picking up by 15% 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 resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +25.5% against 2015 indices. Test and measurement consumption peaked in 2021 and is expected to retain growth in the immediate term.

Test And Measurement Exports

Exports from Peru

Test and measurement exports from Peru contracted to X units in 2021, falling by -13.7% against 2020. Over the period under review, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 171%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, test and measurement exports declined dramatically to $X in 2021. Overall, exports, however, recorded a modest expansion. The growth pace was the most rapid in 2013 when exports increased by 133%. The exports peaked at $X in 2020, and then contracted markedly in the following year.

Exports by Country

Bolivia (X units) was the main destination for test and measurement exports from Peru, accounting for a 63% share of total exports. Moreover, test and measurement exports to Bolivia exceeded the volume sent to the second major destination, Ecuador (X units), threefold. Chile (X units) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume to Bolivia totaled +33.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+4.7% per year) and Chile (+26.5% per year).

In value terms, the United States ($X), Bolivia ($X) and Chile ($X) appeared to be the largest markets for test and measurement exported from Peru worldwide, together comprising 62% of total exports.

Among the main countries of destination, Chile, with a CAGR of +28.5%, 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

The average test and measurement export price stood at $X per unit in 2021, waning by -62.9% against the previous year. In general, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2017 an increase of 143% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

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 Germany (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Peru

In 2021, approx. X units of instruments and apparatus for measuring or checking pressure of liquids or gasses were imported into Peru; with an increase of 11% on the year before. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 82%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, test and measurement imports soared to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +28.4% against 2017 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 67%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

Italy (X units), the United States (X units) and China (X units) were the main suppliers of test and measurement imports to Peru, together comprising 53% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +18.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest test and measurement suppliers to Peru were the United States ($X), China ($X) and Germany ($X), together accounting for 56% of total imports. These countries were followed by Italy, Brazil, Spain, Japan, Poland and Taiwan (Chinese), which together accounted for a further 20%.

Spain, with a CAGR of +25.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average test and measurement import price stood at $X per unit in 2021, growing by 5.4% against the previous year. Over the period under review, the import price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 39%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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