Peru: Radio Navigation Apparatus Market 2025

Radio Navigation Apparatus Market Size in Peru

The Peruvian radio navigation apparatus market skyrocketed to $X in 2021, picking up by 109% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Radio Navigation Apparatus Exports

Exports from Peru

In 2021, exports of radio navigational aid apparatus from Peru reduced markedly to X tons, with a decrease of -69.9% on the previous year's figure. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 when exports increased by 280%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, radio navigation apparatus exports dropped dramatically to $X in 2021. Over the period under review, exports, however, showed strong growth. The pace of growth appeared the most rapid in 2016 when exports increased by 220% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then dropped markedly in the following year.

Exports by Country

Australia (X kg) was the main destination for radio navigation apparatus exports from Peru, with a 82% share of total exports. Moreover, radio navigation apparatus exports to Australia exceeded the volume sent to the second major destination, Ecuador (X kg), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia amounted to +131.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+20.1% per year) and Kyrgyzstan (+1.1% per year).

In value terms, Australia ($X), Kyrgyzstan ($X) and Ecuador ($X) appeared to be the largest markets for radio navigation apparatus exported from Peru worldwide, with a combined 97% share of total exports.

In terms of the main countries of destination, Australia, with a CAGR of +85.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average radio navigation apparatus export price amounted to $X per ton, waning by -29.5% against the previous year. Overall, the export price continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2018 when the average export price increased by 127% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+82.6%), while the prices for the other major destinations experienced mixed trend patterns.

Radio Navigation Apparatus Imports

Imports into Peru

In 2021, approx. X tons of radio navigational aid apparatus were imported into Peru; growing by 74% against the previous year's figure. In general, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, radio navigation apparatus imports soared to $X in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of radio navigation apparatus to Peru, with a 49% share of total imports. Moreover, radio navigation apparatus imports from China exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+58.3% per year) and Taiwan (Chinese) (-6.2% per year).

In value terms, China ($X), Lithuania ($X) and Taiwan (Chinese) ($X) appeared to be the largest radio navigation apparatus suppliers to Peru, with a combined 67% share of total imports.

In terms of the main suppliers, Lithuania, with a CAGR of +64.9%, saw the highest growth rate of 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 radio navigation apparatus import price stood at $X per ton in 2021, picking up by 14% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Lithuania ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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