Peru: Market for Mattresses other than of cellular rubber or plastics 2024

Market Size for Mattresses other than of cellular rubber or plastics in Peru

After three years of growth, the Peruvian market for mattresses other than of cellular rubber or plastics decreased by -11.7% to $X in 2022. Overall, consumption continues to indicate a deep downturn. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Mattresses other than of cellular rubber or plastics

Exports from Peru

In 2022, shipments abroad of mattresses other than of cellular rubber or plastics increased by 0.4% to X units, rising for the third year in a row after two years of decline. In general, exports, however, showed a slight setback. The growth pace was the most rapid in 2016 when exports increased by 96%. Over the period under review, the exports of reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of mattresses other than of cellular rubber or plastics fell to $X in 2022. Overall, exports enjoyed noticeable growth. The most prominent rate of growth was recorded in 2016 when exports increased by 107%. Over the period under review, the exports of reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X units) was the main destination for exports of mattresses other than of cellular rubber or plastics from Peru, with a 87% share of total exports. Moreover, exports of mattresses other than of cellular rubber or plastics to Chile exceeded the volume sent to the second major destination, Canada (X units), more than tenfold. Bolivia (X units) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume to Chile amounted to -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+36.2% per year) and Bolivia (+23.1% per year).

In value terms, Chile ($X) emerged as the key foreign market for mattresses other than of cellular rubber or plastics exports from Peru, comprising 91% of total exports. The second position in the ranking was held by Canada ($X), with a 3.8% share of total exports. It was followed by Bolivia, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile totaled +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+32.3% per year) and Bolivia (+28.9% per year).

Export Prices by Country

The average export price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, waning by -5.4% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for mattresses other than of cellular rubber or plastics increased by +4.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 32% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Colombia ($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 Netherlands (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mattresses other than of cellular rubber or plastics

Imports into Peru

In 2022, after three years of growth, there was significant decline in supplies from abroad of mattresses other than of cellular rubber or plastics, when their volume decreased by -5.5% to X units. Over the period under review, imports, however, continue to indicate a perceptible increase. The pace of growth was the most pronounced in 2013 when imports increased by 59% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of mattresses other than of cellular rubber or plastics reduced remarkably to $X in 2022. Overall, imports saw a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 47% against the previous year. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mattresses other than of cellular rubber or plastics to Peru, with a 83% share of total imports. Moreover, imports of mattresses other than of cellular rubber or plastics from China exceeded the figures recorded by the second-largest supplier, Chile (X units), more than tenfold. The third position in this ranking was held by Malaysia (X units), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-21.4% per year) and Malaysia (+37.5% per year).

In value terms, Chile ($X), China ($X) and Malaysia ($X) appeared to be the largest mattresses other than of cellular rubber or plastics suppliers to Peru, together comprising 49% of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +19.6%, 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 import price for mattresses other than of cellular rubber or plastics stood at $X per unit in 2022, with a decrease of -11.2% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 24%. Over the period under review, average import prices hit record highs 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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