Peru: Market for Non-Domestic Percolators and Equipment For Cooking Or Heating Food 2024

Market Size for Non-Domestic Percolators and Equipment For Cooking Or Heating Food in Peru

In 2022, the Peruvian market for non-domestic percolators and equipment for cooking or heating food decreased by -14% to $X, falling for the third year in a row after three years of growth. Overall, consumption saw a abrupt setback. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Exports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Exports from Peru

In 2022, the amount of non-domestic percolators and equipment for cooking or heating food exported from Peru shrank dramatically to X units, with a decrease of -36.4% against the previous year's figure. Overall, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2015 when exports increased by 200%. Over the period under review, the exports of attained the maximum at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of non-domestic percolators and equipment for cooking or heating food fell significantly to $X in 2022. Over the period under review, exports, however, recorded a pronounced increase. The growth pace was the most rapid in 2015 when exports increased by 219%. The exports peaked at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

Chile (X units), Colombia (X units) and the United States (X units) were the main destinations of exports of non-domestic percolators and equipment for cooking or heating food from Peru, with a combined 83% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of +52.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for non-domestic percolators and equipment for cooking or heating food exports from Peru, comprising 67% of total exports. The second position in the ranking was held by Colombia ($X), with a 7.1% share of total exports. It was followed by Mexico, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +51.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+47.7% per year) and Mexico (-23.1% per year).

Export Prices by Country

The average export price for non-domestic percolators and equipment for cooking or heating food stood at $X per unit in 2022, increasing by 12% against the previous year. In general, the export price, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by 164%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Bolivia ($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 Hong Kong SAR (+359.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Imports into Peru

In 2022, overseas purchases of non-domestic percolators and equipment for cooking or heating food decreased by -22.3% to X units, falling for the third year in a row after three years of growth. Overall, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 102% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of non-domestic percolators and equipment for cooking or heating food reached $X in 2022. In general, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 76%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-domestic percolators and equipment for cooking or heating food to Peru, accounting for a 64% share of total imports. Moreover, imports of non-domestic percolators and equipment for cooking or heating food from China exceeded the figures recorded by the second-largest supplier, Italy (X units), eightfold. The United States (X units) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.6% per year) and the United States (-14.8% per year).

In value terms, Italy ($X), Germany ($X) and the United States ($X) were the largest non-domestic percolators and equipment for cooking or heating food suppliers to Peru, with a combined 44% share of total imports. China, Sweden and Brazil lagged somewhat behind, together accounting for a further 17%.

In terms of the main suppliers, China, with a CAGR of +19.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for non-domestic percolators and equipment for cooking or heating food stood at $X per unit in 2022, with an increase of 35% against the previous year. Overall, the import price, however, saw a perceptible decline. The pace of growth was the most pronounced in 2014 an increase of 36%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform