Peru: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Peru

In 2022, the Peruvian metal office furniture market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption showed buoyant growth. Metal office furniture consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Metal Office Furniture Exports

Exports from Peru

In 2022, the amount of metal office furniture exported from Peru shrank markedly to X tons, dropping by -31.9% against the year before. Overall, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 373%. The exports peaked at X tons in 2021, and then dropped remarkably in the following year.

In value terms, metal office furniture exports dropped remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 463%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for metal office furniture exports from Peru, with a 80% share of total exports. Moreover, metal office furniture exports to Chile exceeded the volume sent to the second major destination, Bolivia (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Chile totaled +55.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+66.4% per year) and the United States (+13.5% per year).

In value terms, Chile ($X), Bolivia ($X) and the United States ($X) were the largest markets for metal office furniture exported from Peru worldwide.

Bolivia, with a CAGR of +62.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal office furniture export price stood at $X per ton in 2022, growing by 6.3% against the previous year. Over the period under review, the export price, however, continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 87% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 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 the United States ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+18.1%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Office Furniture Imports

Imports into Peru

In 2022, purchases abroad of metal office furniture was finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2019 when imports increased by 190%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, metal office furniture imports skyrocketed to $X in 2022. In general, imports posted noticeable growth. The pace of growth was the most pronounced in 2013 with an increase of 148% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal office furniture supplier to Peru, with a 88% share of total imports. Moreover, metal office furniture imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. South Korea (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+28.8% per year) and South Korea (+14.7% per year).

In value terms, China ($X) constituted the largest supplier of metal office furniture to Peru, comprising 61% of total imports. The second position in the ranking was taken by Spain ($X), with an 18% share of total imports. It was followed by the United States, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+26.5% per year) and the United States (+0.4% per year).

Import Prices by Country

In 2022, the average metal office furniture import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 33% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :