Peru: Seat Market 2024

Seat Market Size in Peru

The Peruvian seat market fell slightly to $X in 2021, shrinking by -3.4% against the previous year. Overall, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.3% 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 +62.3% against 2015 indices. Over the period under review, the market hit record highs at $X in 2020, and then reduced modestly in the following year.

Seat Production in Peru

In value terms, seat production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% 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 18% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Seat Exports

Exports from Peru

For the sixth year in a row, Peru recorded decline in shipments abroad of seats, which decreased by -9.2% to X tons in 2021. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 11%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, seat exports surged to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons) was the main destination for seat exports from Peru, accounting for a 319% share of total exports. Moreover, seat exports to Chile exceeded the volume sent to the second major destination, Bolivia (X tons), more than tenfold. The third position in this ranking was taken by Ecuador (X tons), with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to +65.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-5.0% per year) and Ecuador (-2.9% per year).

In value terms, Chile ($X) emerged as the key foreign market for seats exports from Peru, comprising 132% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 39% share of total exports. It was followed by Ecuador, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value to Chile totaled +37.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-4.7% per year) and Ecuador (-8.0% per year).

Export Prices by Country

The average seat export price stood at $X per ton in 2021, jumping by 83% against the previous year. Overall, the export price posted a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Chile ($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 Colombia (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Seat Imports

Imports into Peru

Seat imports into Peru surged to X tons in 2021, jumping by 24% compared with the previous year's figure. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +77.2% against 2012 indices. The most prominent rate of growth was recorded in 2019 with an increase of 27% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, seat imports skyrocketed to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +9.4% 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 seat supplier to Peru, accounting for a 68% share of total imports. Moreover, seat imports from China exceeded the figures recorded by the second-largest supplier, Ecuador (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +4.5%.

In value terms, China ($X) constituted the largest supplier of seats to Peru, comprising 86% of total imports. The second position in the ranking was held by Ecuador ($X), with a 0.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +12.2%.

Import Prices by Country

In 2021, the average seat import price amounted to $X per ton, rising by 36% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while the price for Ecuador amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :