Peru: Optical Radiation Instruments Market 2025

Optical Radiation Instruments Market Size in Peru

The Peruvian optical radiation instruments market skyrocketed to $X in 2022, with an increase of 80% 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, consumption continues to indicate a buoyant increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Optical Radiation Instruments Exports

Exports from Peru

After two years of decline, shipments abroad of instruments using optical radiations increased by 55% to X units in 2022. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 292% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, optical radiation instruments exports surged to $X in 2022. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 199%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Switzerland (X units) was the main destination for optical radiation instruments exports from Peru, with a 30% share of total exports. Moreover, optical radiation instruments exports to Switzerland exceeded the volume sent to the second major destination, Free Zones (X units), twofold. Colombia (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland totaled +57.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (+87.0% per year) and Colombia (+28.2% per year).

In value terms, Sweden ($X), Bolivia ($X) and Switzerland ($X) appeared to be the largest markets for optical radiation instruments exported from Peru worldwide, with a combined 60% share of total exports. Germany, the United States, Colombia, Free Zones and Ecuador lagged somewhat behind, together comprising a further 17%.

Free Zones, with a CAGR of +60.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average optical radiation instruments export price stood at $X per unit in 2022, shrinking by -18.7% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, optical radiation instruments export price increased by +75.7% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 63%. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then dropped sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Free Zones ($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 Bolivia (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

Optical Radiation Instruments Imports

Imports into Peru

In 2022, the amount of instruments using optical radiations imported into Peru surged to X units, with an increase of 69% on the previous year. Overall, imports enjoyed prominent growth. The growth pace was the most rapid in 2020 with an increase of 220% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, optical radiation instruments imports soared to $X in 2022. Over the period under review, imports showed a strong increase. The growth pace was the most rapid in 2020 with an increase of 194% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X units), the United States (X units) and Japan (X units) were the main suppliers of optical radiation instruments imports to Peru, together comprising 36% of total imports. Germany, the Netherlands, Singapore, Belgium, Italy and Spain lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +60.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest optical radiation instruments suppliers to Peru were China ($X), the United States ($X) and Germany ($X), with a combined 30% share of total imports. The Netherlands, Singapore, Japan, Italy, Belgium and Spain lagged somewhat behind, together comprising a further 18%.

The Netherlands, with a CAGR of +71.1%, recorded 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 optical radiation instruments import price stood at $X per unit in 2022, surging by 7.2% against the previous year. Overall, the import price, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 10%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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