Peru: Safety Headgear Market 2024

Safety Headgear Market Size in Peru

For the fifth year in a row, the Peruvian safety headgear market recorded growth in sales value, which increased by 13% to $X in 2021. 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 +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +35.7% against 2013 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the near future.

Safety Headgear Exports

Exports from Peru

In 2021, overseas shipments of safety headgear were finally on the rise to reach X units for the first time since 2015, thus ending a five-year declining trend. Over the period under review, exports saw a resilient increase. The pace of growth appeared the most rapid in 2015 when exports increased by 235%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, safety headgear exports soared to $X in 2021. In general, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 226% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Colombia (X units) was the main destination for safety headgear exports from Peru, with a 98% share of total exports. It was followed by Chile (X units), with a 0.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia amounted to +56.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-35.2% per year) and Bolivia (-13.3% per year).

In value terms, Colombia ($X) remains the key foreign market for safety headgear exports from Peru, comprising 91% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 4.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Colombia totaled +49.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+3.7% per year) and Chile (-25.2% per year).

Export Prices by Country

In 2021, the average safety headgear export price amounted to $X per unit, surging by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Bolivia ($X per unit), while the average price for exports to Colombia ($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 Bolivia (+19.7%), while the prices for the other major destinations experienced mixed trend patterns.

Safety Headgear Imports

Imports into Peru

Safety headgear imports into Peru rose notably to X units in 2021, increasing by 11% on the previous year's figure. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, safety headgear imports totaled $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +38.0% against 2013 indices. The growth pace was the most rapid in 2013 when imports increased by 28% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of safety headgear to Peru, accounting for a 70% share of total imports. Moreover, safety headgear 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 Brazil (X units), with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.9% per year) and Brazil (+17.2% per year).

In value terms, China ($X) constituted the largest supplier of safety headgear to Peru, comprising 81% of total imports. The second position in the ranking was taken by the United States ($X), with a 9% share of total imports. It was followed by Brazil, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.1% per year) and Brazil (+11.8% per year).

Import Prices by Country

In 2021, the average safety headgear import price amounted to $X per unit, rising by 2.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2013 an increase of 16% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Colombia ($X per unit), while the price for Chile ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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