Peru: Woven Carpet Market 2025

Woven Carpet Market Size in Peru

The Peruvian woven carpet market dropped sharply to $X in 2022, falling by -19.1% 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 slight increase from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +70.7% against 2016 indices. As a result, consumption reached the peak level of $X, and then shrank sharply in the following year.

Woven Carpet Exports

Exports from Peru

In 2022, approx. X square meters of woven carpets and other woven textile coverings were exported from Peru; with an increase of 10% compared with the previous year. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 98% against the previous year. As a result, the exports reached the peak of X square meters. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, woven carpet exports fell to $X in 2022. Overall, exports, however, recorded a abrupt setback. The growth pace was the most rapid in 2014 when exports increased by 79% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X square meters) was the main destination for woven carpet exports from Peru, accounting for a 66% share of total exports. Moreover, woven carpet exports to the United States exceeded the volume sent to the second major destination, Canada (X square meters), more than tenfold. Chile (X square meters) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+6.1% per year) and Chile (+6.5% per year).

In value terms, the United States ($X) remains the key foreign market for woven carpets and other woven textile coverings exports from Peru, comprising 70% of total exports. The second position in the ranking was held by Chile ($X), with a 7.8% share of total exports. It was followed by France, with a 4% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+8.2% per year) and France (+19.4% per year).

Export Prices by Country

In 2022, the average woven carpet export price amounted to $X per square meter, declining by -15.6% against the previous year. In general, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 56%. Over the period under review, the average export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per square meter), while the average price for exports to Austria ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Woven Carpet Imports

Imports into Peru

In 2022, woven carpet imports into Peru dropped significantly to X square meters, falling by -18.8% on 2021 figures. Over the period under review, imports, however, saw noticeable growth. The pace of growth appeared the most rapid in 2021 with an increase of 58% against the previous year. As a result, imports reached the peak of X square meters, and then contracted dramatically in the following year.

In value terms, woven carpet imports declined sharply to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

Belgium (X square meters), China (X square meters) and Turkey (X square meters) were the main suppliers of woven carpet imports to Peru, together accounting for 58% of total imports. India, Mexico, Egypt and Spain lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +10.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Turkey ($X) and China ($X) appeared to be the largest woven carpet suppliers to Peru, together comprising 44% of total imports. India, Mexico, Spain and Egypt lagged somewhat behind, together accounting for a further 16%.

In terms of the main suppliers, Mexico, with a CAGR of +21.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average woven carpet import price stood at $X per square meter in 2022, standing approx. at the previous year. Over the period under review, the import price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 70%. As a result, import price reached the peak level of $X per square meter. From 2015 to 2022, the average import prices remained at a lower figure.

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 ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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