Peru: Isolating Switch Market 2025

Isolating Switch Market Size in Peru

The Peruvian isolating switch market soared to $X in 2022, surging by 21% 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). Overall, consumption, however, saw a abrupt downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Isolating Switch Exports

Exports from Peru

In 2022, after two years of decline, there was growth in shipments abroad of isolating switches & make-and-break switches, when their volume increased by 4.2% to X units. Overall, exports, however, continue to indicate a dramatic setback. The growth pace was the most rapid in 2015 with an increase of 560% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, isolating switch exports contracted markedly to $X in 2022. Over the period under review, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 793% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X units), Switzerland (X units) and Chile (X units) were the main destinations of isolating switch exports from Peru, with a combined 67% share of total exports. Canada, the United States, Free Zones, Cuba, Bolivia and Ecuador lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Free Zones (with a CAGR of +29.2%), while the other leaders experienced mixed trend patterns.

In value terms, Switzerland ($X) remains the key foreign market for isolating switches & make-and-break switches exports from Peru, comprising 53% of total exports. The second position in the ranking was taken by Italy ($X), with a 19% share of total exports. It was followed by Chile, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland amounted to -6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-4.2% per year) and Chile (-16.4% per year).

Export Prices by Country

In 2022, the average isolating switch export price amounted to $X per unit, shrinking by -19.7% against the previous year. Overall, the export price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2021 an increase of 95%. As a result, the export price reached the peak level of $X per unit, and then contracted dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to the United States ($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 Ecuador (+35.4%), while the prices for the other major destinations experienced more modest paces of growth.

Isolating Switch Imports

Imports into Peru

Isolating switch imports into Peru soared to X units in 2022, rising by 27% compared with the previous year. In general, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 41% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, isolating switch imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2014 with an increase of 45%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest isolating switch supplier to Peru, accounting for a 32% share of total imports. Moreover, isolating switch imports from Italy exceeded the figures recorded by the second-largest supplier, Mexico (X units), sixfold. The United States (X units) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+18.3% per year) and the United States (-19.3% per year).

In value terms, the largest isolating switch suppliers to Peru were Italy ($X), the United States ($X) and Australia ($X), together accounting for 46% of total imports. South Korea, Mexico, Canada, Sweden, Brazil, Poland, Colombia, China, India and Germany lagged somewhat behind, together accounting for a further 22%.

Canada, with a CAGR of +22.2%, saw the highest rates of growth with regard to the value of imports, among 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 isolating switch import price stood at $X per unit in 2022, shrinking by -5.6% against the previous year. Over the period under review, the import price showed a slight decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per unit), while the price for China ($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 United States (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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