Peru: Men Swimwear Market 2024

Men Swimwear Market Size in Peru

After four years of growth, the Peruvian men swimwear market decreased by -6.5% to $X in 2021. Over the period under review, consumption, however, enjoyed strong growth. Men swimwear consumption peaked at $X in 2020, and then contracted in the following year.

Men Swimwear Production in Peru

In value terms, men swimwear production reduced sharply to $X in 2021 estimated in export price. Overall, production, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 934%. Over the period under review, production attained the maximum level at $X in 2020, and then contracted significantly in the following year.

Men Swimwear Exports

Exports from Peru

In 2021, the amount of men’s swimwear (excluding of knitted or crocheted textiles) exported from Peru skyrocketed to X units, increasing by 50% against the previous year. Over the period under review, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2016 when exports increased by 396%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, men swimwear exports surged to $X in 2021. In general, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 336% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (X units) was the main destination for men swimwear exports from Peru, accounting for a 64% share of total exports. Moreover, men swimwear exports to Chile exceeded the volume sent to the second major destination, Venezuela (X units), sevenfold. The third position in this ranking was held by Ecuador (X units), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to +28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-16.2% per year) and Ecuador (-18.7% per year).

In value terms, Chile ($X) remains the key foreign market for men’s swimwear (excluding of knitted or crocheted textiles) exports from Peru, comprising 47% of total exports. The second position in the ranking was taken by Venezuela ($X), with a 14% share of total exports. It was followed by Ecuador, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Chile amounted to +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-8.8% per year) and Ecuador (-16.6% per year).

Export Prices by Country

In 2021, the average men swimwear export price amounted to $X per unit, declining by -11.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 17% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Chile ($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 France (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Men Swimwear Imports

Imports into Peru

Men swimwear imports into Peru stood at X units in 2021, with an increase of 14% compared with the year before. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 36%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, men swimwear imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 32%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of men swimwear to Peru, accounting for a 88% share of total imports. It was followed by Bangladesh (X units), with a 2.6% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of men’s swimwear (excluding of knitted or crocheted textiles) to Peru, comprising 72% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 2.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at -3.8%.

Import Prices by Country

The average men swimwear import price stood at $X per unit in 2021, growing by 7.7% against the previous year. Over the period under review, the import price, however, showed a noticeable reduction. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Bangladesh ($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 (-3.6%).

Source: IndexBox Platform

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