Peru: Drawing Board Market 2024

Drawing Board Market Size in Peru

The Peruvian drawing board market soared to $X in 2022, growing by 34% 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). Overall, consumption showed a strong expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Drawing Board Exports

Exports from Peru

After two years of decline, shipments abroad of slates and boards with writing or drawing surfaces increased by 275% to X units in 2022. In general, exports, however, continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2014 with an increase of 944% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, drawing board exports soared to $X in 2022. Overall, exports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 1,029% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia (X units), the Dominican Republic (X units) and Panama (X units) were the main destinations of drawing board exports from Peru, with a combined 89% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +32.8%), while shipments for the other leaders experienced a decline.

In value terms, Bolivia ($X) remains the key foreign market for slates and boards with writing or drawing surfaces exports from Peru, comprising 77% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 13% share of total exports. It was followed by Cuba, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value to Bolivia stood at -11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+20.4% per year) and Cuba (-12.1% per year).

Export Prices by Country

In 2022, the average drawing board export price amounted to $X per unit, shrinking by -2.5% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, drawing board export price increased by +37.0% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 34%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to the Dominican Republic ($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 Panama (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Drawing Board Imports

Imports into Peru

In 2022, drawing board imports into Peru soared to X units, jumping by 25% on the previous year's figure. Over the period under review, imports saw a pronounced expansion. The pace of growth appeared the most rapid in 2018 with an increase of 170%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, drawing board imports soared to $X in 2022. Overall, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 when imports increased by 187% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest drawing board supplier to Peru, with a 86% share of total imports. Moreover, drawing board imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), ninefold. The United States (X units) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+0.2% per year) and the United States (-2.3% per year).

In value terms, China ($X) constituted the largest supplier of slates and boards with writing or drawing surfaces to Peru, comprising 91% of total imports. The second position in the ranking was taken by Mexico ($X), with a 4.3% share of total imports. It was followed by the United States, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-10.4% per year) and the United States (-7.1% per year).

Import Prices by Country

The average drawing board import price stood at $X per unit in 2022, increasing by 10% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 19%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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