Peru: Tooth Brush Market 2024

Tooth Brush Market Size in Peru

After six years of growth, the Peruvian tooth brush market decreased by -6.4% to $X in 2022. Over the period under review, consumption, however, posted prominent growth. Over the period under review, the market hit record highs at $X in 2021, and then fell in the following year.

Tooth Brush Exports

Exports from Peru

After three years of decline, overseas shipments of tooth brushes increased by 4.4% to X units in 2022. In general, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 288% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, tooth brush exports soared to $X in 2022. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 320%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Bolivia (X units) was the main destination for tooth brush exports from Peru, with a 54% share of total exports. Moreover, tooth brush exports to Bolivia exceeded the volume sent to the second major destination, Honduras (X units), threefold. The third position in this ranking was taken by Ecuador (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia totaled +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+31.2% per year) and Ecuador (+61.4% per year).

In value terms, Bolivia ($X) remains the key foreign market for tooth brushes exports from Peru, comprising 46% of total exports. The second position in the ranking was held by Ecuador ($X), with a 15% share of total exports. It was followed by Uruguay, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia amounted to +20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+65.3% per year) and Uruguay (+11.3% per year).

Export Prices by Country

In 2022, the average tooth brush export price amounted to $X per unit, jumping by 27% against the previous year. In general, the export price posted a noticeable expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 76%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Uruguay ($X per unit), while the average price for exports to Honduras ($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 Colombia (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tooth Brush Imports

Imports into Peru

In 2022, after two years of growth, there was decline in supplies from abroad of tooth brushes, when their volume decreased by -3.2% to X units. Overall, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +5.8% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 109%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, tooth brush imports fell to $X in 2022. Over the period under review, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 41% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

China (X units), Vietnam (X units) and India (X units) were the main suppliers of tooth brush imports to Peru, together accounting for 91% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +46.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tooth brush suppliers to Peru were China ($X), Vietnam ($X) and Mexico ($X), with a combined 74% share of total imports. Spain and India lagged somewhat behind, together comprising a further 20%.

India, with a CAGR of +46.5%, 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 tooth brush import price amounted to $X per unit, dropping by -4.1% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tooth brush import price increased by +97.9% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 22%. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then shrank slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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