Peru: Hand Stamp Market 2024

Hand Stamp Market Size in Peru

The Peruvian hand stamp market contracted to $X in 2022, dropping by -11.9% 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 prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +15.7% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Hand Stamp Exports

Exports from Peru

Hand stamp exports from Peru soared to X units in 2022, with an increase of 115% against the year before. Overall, exports posted a notable increase. The growth pace was the most rapid in 2016 when exports increased by 870% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hand stamp exports soared to $X in 2022. In general, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 when exports increased by 702% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Costa Rica (X units) was the main destination for hand stamp exports from Peru, accounting for a 49% share of total exports. Moreover, hand stamp exports to Costa Rica exceeded the volume sent to the second major destination, Bolivia (X units), twofold. The third position in this ranking was held by Argentina (X units), with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Costa Rica stood at +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+0.7% per year) and Argentina (+23.1% per year).

In value terms, Argentina ($X), Costa Rica ($X) and the United States ($X) constituted the largest markets for hand stamp exported from Peru worldwide, with a combined 82% share of total exports.

Among the main countries of destination, Argentina, with a CAGR of +52.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average hand stamp export price amounted to $X per unit, rising by 52% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Bolivia ($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 Argentina (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Stamp Imports

Imports into Peru

In 2022, approx. X units of stamps for use in the hand were imported into Peru; which is down by -14.4% compared with 2021. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 50%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, hand stamp imports contracted to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.6% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 91%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Austria (X units) and Taiwan (Chinese) (X units) were the main suppliers of hand stamp imports to Peru, with a combined 95% share of total imports. The United States lagged somewhat behind, comprising a further 1.9%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +19.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest hand stamp suppliers to Peru were Austria ($X), Taiwan (Chinese) ($X) and China ($X), together comprising 90% of total imports. These countries were followed by the United States, which accounted for a further 3.5%.

The United States, with a CAGR of +17.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average hand stamp import price amounted to $X per unit, with an increase of 3.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2014 an increase of 27% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :