Peru: Market for Vacuum Cleaners With Motor 2025

Market Size for Vacuum Cleaners With Motor in Peru

The Peruvian vacuum cleaner with motor market skyrocketed to $X in 2021, growing by 37% 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, consumption continues to indicate a strong expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Exports of Vacuum Cleaners With Motor

Exports from Peru

In 2021, overseas shipments of vacuum cleaners with motor increased by 106% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 375% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, vacuum cleaner with motor exports skyrocketed to $X in 2021. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 312% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Saint Maarten (Dutch part) (X kg), Bolivia (X kg) and Ecuador (X kg) were the main destinations of vacuum cleaner with motor exports from Peru, with a combined 70% share of total exports. These countries were followed by the Dominican Republic, Guatemala, Costa Rica, Chile, Panama, the United States and Honduras, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of +103.0%), while the other leaders experienced more modest paces of growth.

In value terms, Saint Maarten (Dutch part) ($X), Bolivia ($X) and Ecuador ($X) were the largest markets for vacuum cleaner with motor exported from Peru worldwide, with a combined 73% share of total exports. Honduras, Chile, Panama, Guatemala, the United States, the Dominican Republic and Costa Rica lagged somewhat behind, together comprising a further 21%.

Honduras, with a CAGR of +58.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vacuum cleaner with motor export price stood at $X per ton in 2021, declining by -10% against the previous year. Over the period under review, the export price saw a perceptible decrease. The growth pace was the most rapid in 2019 an increase of 40%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to the Dominican Republic ($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 Honduras (+24.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Vacuum Cleaners With Motor

Imports into Peru

In 2021, vacuum cleaner with motor imports into Peru soared to X tons, growing by 31% against the year before. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +42.5% against 2017 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 42% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, vacuum cleaner with motor imports surged to $X in 2021. Overall, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 52%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vacuum cleaner with motor to Peru, accounting for a 76% share of total imports. Moreover, vacuum cleaner with motor imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Chile (X tons) ranked third in terms of total imports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.2% per year) and Chile (-19.9% per year).

In value terms, China ($X) constituted the largest supplier of vacuum cleaners with motor to Peru, comprising 69% of total imports. The second position in the ranking was taken by Germany ($X), with a 5% share of total imports. It was followed by Chile, with a 3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.4% per year) and Chile (-17.2% per year).

Import Prices by Country

The average vacuum cleaner with motor import price stood at $X per ton in 2021, surging by 5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 20%. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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