Peru: Telephone Market 2025

Telephone Market Size in Peru

In 2022, the Peruvian telephone market decreased by -6.9% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, continues to indicate a noticeable curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Telephone Production in Peru

In value terms, telephone production soared to $X in 2022 estimated in export price. In general, production continues to indicate significant growth. The growth pace was the most rapid in 2016 when the production volume increased by 720% against the previous year. Telephone production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Telephone Exports

Exports from Peru

In 2022, telephone exports from Peru skyrocketed to X units, with an increase of 35% against 2021 figures. In general, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of 86% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, telephone exports declined to $X in 2022. Over the period under review, exports, however, showed a deep slump. The growth pace was the most rapid in 2019 with an increase of 250% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X units) was the main destination for telephone exports from Peru, accounting for a 61% share of total exports. Moreover, telephone exports to Chile exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by Ecuador (X units), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to Chile stood at +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+24.6% per year) and Ecuador (+2.0% per year).

In value terms, the United States ($X), Chile ($X) and Ecuador ($X) were the largest markets for telephone exported from Peru worldwide, together accounting for 86% of total exports.

Among the main countries of destination, the United States, with a CAGR of +10.8%, saw the highest growth rate of 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 telephone export price amounted to $X per unit, declining by -30.1% against the previous year. Over the period under review, the export price showed a pronounced reduction. The growth pace was the most rapid in 2019 an increase of 173% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then fell rapidly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Spain ($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 Bolivia (-0.7%), while the prices for the other major destinations experienced a decline.

Telephone Imports

Imports into Peru

In 2022, purchases abroad of telephones and videophones decreased by -15.2% to X units, falling for the fourth consecutive year after two years of growth. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 6.3% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, telephone imports rose notably to $X in 2022. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 8%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest telephone supplier to Peru, with a 84% share of total imports. Moreover, telephone imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-16.5% per year) and the United States (+7.0% per year).

In value terms, China ($X) constituted the largest supplier of telephones and videophones to Peru, comprising 47% of total imports. The second position in the ranking was held by the United States ($X), with a 23% share of total imports. It was followed by Malaysia, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.8% per year) and Malaysia (-22.4% per year).

Import Prices by Country

In 2022, the average telephone import price amounted to $X per unit, jumping by 24% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, 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 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 the United States (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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