Peru: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Peru

In 2021, the Peruvian walking-sticks and whips market decreased by -18.6% to $X, falling for the second year in a row after three years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Walking-Sticks And Whips Exports

Exports from Peru

In 2021, the amount of walking-sticks, seat-sticks, whips and riding-crops exported from Peru dropped sharply to X kg, waning by -26.2% on 2020. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 4,600%. Over the period under review, the exports attained the peak figure at X kg in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, walking-sticks and whips exports dropped to $X in 2021. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 11,231% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for walking-sticks and whips exports from Peru, with a 69% share of total exports. Moreover, walking-sticks and whips exports to the United States exceeded the volume sent to the second major destination, the UK (X kg), fourfold. The third position in this ranking was held by Ecuador (X kg), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and Ecuador (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for walking-sticks and whips exports from Peru, comprising 61% of total exports. The second position in the ranking was held by the UK ($X), with a 20% share of total exports. It was followed by Ecuador, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +54.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and Ecuador (0.0% per year).

Export Prices by Country

The average walking-sticks and whips export price stood at $X per ton in 2021, rising by 21% against the previous year. Over the period under review, the export price posted a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 138%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Aruba ($X per ton), while the average price for exports to Canada ($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 Aruba (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports into Peru

In 2021, overseas purchases of walking-sticks, seat-sticks, whips and riding-crops decreased by -29.8% to X tons, falling for the second consecutive year after three years of growth. In general, imports saw a pronounced downturn. The pace of growth was the most pronounced in 2015 when imports increased by 70%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, walking-sticks and whips imports fell markedly to $X in 2021. Overall, imports, however, showed modest growth. The most prominent rate of growth was recorded in 2014 with an increase of 48% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of walking-sticks and whips to Peru, with a 94% share of total imports. It was followed by Taiwan (Chinese) (X kg), with a 1.8% share of total imports. Mexico (X kg) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-13.8% per year) and Mexico (0.0% per year).

In value terms, China ($X) constituted the largest supplier of walking-sticks and whips to Peru, comprising 78% of total imports. The second position in the ranking was taken by Italy ($X), with a 6.9% share of total imports. It was followed by Taiwan (Chinese), with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+47.6% per year) and Taiwan (Chinese) (-13.1% per year).

Import Prices by Country

In 2021, the average walking-sticks and whips import price amounted to $X per ton, with an increase of 21% against the previous year. In general, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, walking-sticks and whips import price increased by +69.4% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by 40% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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