Peru: Ironing Machine Market 2022

Ironing Machine Market Size in Peru

In 2021, after five years of growth, there was significant decline in the Peruvian ironing machine market, when its value decreased by -X% to $X. Overall, consumption, however, enjoyed a buoyant increase. As a result, consumption reached the peak level of $X, and then fell rapidly in the following year.

Ironing Machine Production in Peru

In value terms, ironing machine production fell significantly to $X in 2021 estimated in export price. In general, production, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then contracted significantly in the following year.

Ironing Machine Exports

Exports from Peru

In 2021, shipments abroad of ironing machines and presses decreased by -X% to X units, falling for the second year in a row after two years of growth. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, ironing machine exports soared to $X in 2021. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Bolivia (X units) was the main destination for ironing machine exports from Peru, with a X% share of total exports. Moreover, ironing machine exports to Bolivia exceeded the volume sent to the second major destination, Venezuela (X units), fivefold. Ecuador (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual growth rate of volume to Bolivia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-X% per year) and Ecuador (-X% per year).

In value terms, Venezuela ($X), Bolivia ($X) and Ecuador ($X) appeared to be the largest markets for ironing machine exported from Peru worldwide, together comprising X% of total exports.

Bolivia, with a CAGR of +X%, saw 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 mixed trend patterns.

Export Prices by Country

The average ironing machine export price stood at $X per unit in 2021, growing by X% against the previous year. Overall, the export price posted a strong expansion. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

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

Ironing Machine Imports

Imports into Peru

After two years of decline, supplies from abroad of ironing machines and presses increased by X% to X units in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, ironing machine imports declined to $X in 2021. Overall, imports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of ironing machine to Peru, accounting for a X% share of total imports. Moreover, ironing machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +X%.

In value terms, China ($X) constituted the largest supplier of ironing machine to Peru, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +X%.

Import Prices by Country

In 2021, the average ironing machine import price amounted to $X per unit, declining by -X% against the previous year. Overall, the import price showed a deep reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-X%).

Source: IndexBox Platform

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