Peru: Market for Iron Or Steel Solid Fuel Domestic Appliances 2025

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Peru

The Peruvian metal solid fuel appliances market declined notably to $X in 2022, dropping by -41.9% 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, however, recorded a buoyant expansion. Metal solid fuel appliances consumption peaked at $X in 2021, and then shrank dramatically in the following year.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Peru

In 2022, overseas shipments of iron or steel solid fuel domestic appliances increased by 46% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,047%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal solid fuel appliances exports skyrocketed to $X in 2022. In general, exports showed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 2,580%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Chile (X units) was the main destination for metal solid fuel appliances exports from Peru, with a 60% share of total exports. Moreover, metal solid fuel appliances exports to Chile exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was held by Ecuador (X units), with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume to Chile stood at +35.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+17.5% per year) and Ecuador (-8.8% per year).

In value terms, the United States ($X) remains the key foreign market for iron or steel solid fuel domestic appliances exports from Peru, comprising 40% of total exports. The second position in the ranking was held by Chile ($X), with a 13% share of total exports. It was followed by Italy, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +76.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+33.3% per year) and Italy (-2.4% per year).

Export Prices by Country

The average metal solid fuel appliances export price stood at $X per unit in 2022, with a decrease of -17.9% against the previous year. In general, the export price, however, recorded a prominent expansion. The growth pace was the most rapid in 2017 an increase of 208%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, 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 Italy ($X per unit), while the average price for exports to Bolivia ($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 the United States (+50.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Peru

In 2022, approx. X units of iron or steel solid fuel domestic appliances were imported into Peru; waning by -52.2% compared with the previous year's figure. Overall, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 463%. Imports peaked at X units in 2021, and then declined sharply in the following year.

In value terms, metal solid fuel appliances imports reduced to $X in 2022. In general, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 325%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of metal solid fuel appliances to Peru, accounting for a 59% share of total imports. Moreover, metal solid fuel appliances imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), eightfold. The third position in this ranking was held by Ecuador (X units), with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+87.4% per year) and Ecuador (+33.2% per year).

In value terms, Chile ($X), China ($X) and Germany ($X) were the largest metal solid fuel appliances suppliers to Peru, with a combined 66% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of +68.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal solid fuel appliances import price stood at $X per unit in 2022, jumping by 84% against the previous year. In general, the import price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 125%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+11.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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