Peru: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2025

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in Peru

The Peruvian non-electronic hydro- and hygrometers market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from Peru

Non-electronic hydro- and hygrometers exports from Peru declined markedly to X units in 2021, reducing by -34.1% against the year before. Overall, exports, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 547% against the previous year. As a result, the exports reached the peak of X units, and then shrank notably in the following year.

In value terms, non-electronic hydro- and hygrometers exports declined sharply to $X in 2021. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 427%. As a result, the exports attained the peak of $X, and then reduced sharply in the following year.

Exports by Country

Costa Rica (X units) was the main destination for non-electronic hydro- and hygrometers exports from Peru, accounting for a 53% share of total exports. Moreover, non-electronic hydro- and hygrometers exports to Costa Rica exceeded the volume sent to the second major destination, the Netherlands (X units), fivefold. The Dominican Republic (X units) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to Costa Rica totaled +43.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+173.8% per year) and the Dominican Republic (+7.0% per year).

In value terms, Costa Rica ($X), the Netherlands ($X) and Chile ($X) constituted the largest markets for non-electronic hydro- and hygrometers exported from Peru worldwide, together comprising 24% of total exports.

The Netherlands, with a CAGR of +174.2%, recorded the highest growth rate of 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 non-electronic hydro- and hygrometers export price stood at $X per unit in 2021, falling by -24.7% against the previous year. Over the period under review, the export price saw a deep slump. The most prominent rate of growth was recorded in 2018 an increase of 32%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Austria ($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 Mexico (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into Peru

In 2021, purchases abroad of non-electronic hydro-, hygro-, psychrometers was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-electronic hydro- and hygrometers imports surged to $X in 2021. Overall, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 68%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest non-electronic hydro- and hygrometers supplier to Peru, accounting for a 49% share of total imports. Moreover, non-electronic hydro- and hygrometers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was taken by Mexico (X units), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.0% per year) and Mexico (+9.6% per year).

In value terms, China ($X), the United States ($X) and Brazil ($X) constituted the largest non-electronic hydro- and hygrometers suppliers to Peru, together comprising 52% of total imports. Germany, Italy, Spain, Israel, Mexico and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 16%.

Italy, with a CAGR of +15.0%, saw the highest rates of growth with regard to the value of imports, in terms of 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 non-electronic hydro- and hygrometers import price stood at $X per unit in 2021, waning by -3.6% against the previous year. Over the period under review, the import price continues to indicate a pronounced descent. The growth pace was the most rapid in 2015 an increase of 7.8%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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