Report Update: May 1, 2024

Peru - Passenger Cars - Market Analysis, Forecast, Size, Trends And Insights

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Passenger Car Price in Peru - 2021

Passenger Car Price in Peru (CIF) - 2021

The average passenger car import price stood at $10,444 per unit in April 2020, which is down by -21% against the previous month. Over the period under review, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in February 2020 an increase of 5.4% month-to-month. As a result, import price reached the peak level of $13,772 per unit; afterwards, it flattened through to April 2020.

There were significant differences in the average prices amongst the major supplying countries. In April 2020, the country with the highest price was Belgium ($24,979 per unit), while the price for India ($7,319 per unit) was amongst the lowest.

From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by South Korea (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Passenger Car Price in Peru (FOB) - 2022

The average passenger car export price stood at $9,725 per unit in 2022, which is down by -53.8% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2019 an increase of 70% against the previous year. As a result, the export price reached the peak level of $27,192 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($26,200 per unit), while the average price for exports to the UK ($1,638 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 Canada (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Imports in Peru

In 2022, the amount of passenger cars imported into Peru reached 152K units, picking up by 11% against the previous year. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, passenger car imports surged to $1.8B in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Passenger Car in Peru (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	195	174	360	522	38.8%
Brazil	162	107	185	257	16.6%
South Korea	187	81.8	101	182	-0.9%
India	130	99.1	152	175	10.4%
Indonesia	83.7	67.5	124	154	22.5%
Japan	215	111	132	119	-17.9%
Mexico	155	91.8	110	92.3	-15.9%
Others	379	238	285	287	-8.9%
Total	1,507	970	1,449	1,787	5.8%

Top Suppliers of Passenger Car to Peru in 2022:

China (54.4K units)
India (26.9K units)
Brazil (20.8K units)
Indonesia (13.6K units)
South Korea (11.2K units)
Mexico (6.8K units)
Japan (6.3K units)

Passenger Car Exports in Peru

For the fourth year in a row, Peru recorded growth in shipments abroad of passenger cars, which increased by 102% to 248 units in 2022. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, passenger car exports reduced to $2.4M in 2022. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 101%. As a result, the exports attained the peak of $2.6M, and then dropped in the following year.

Export of Passenger Car in Peru (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	N/A	12.0	39.2	1,115	863.9%
Chile	99.8	221	405	216	29.4%
Spain	76.3	115	297	199	37.6%
Ecuador	N/A	N/A	3.1	189	5996.8%
Iraq	N/A	N/A	N/A	111	0%
Venezuela	N/A	N/A	N/A	105	0%
Germany	N/A	N/A	0.6	75.6	12500.0%
Belgium	19.2	20.6	N/A	71.9	55.3%
United Kingdom	N/A	32.2	N/A	13.1	-36.2%
Italy	22.0	N/A	638	11.5	-19.4%
South Korea	101	463	220	N/A	47.6%
South Africa	734	N/A	N/A	N/A	0%
Others	362	421	983	305	-5.6%
Total	1,414	1,285	2,586	2,412	19.5%

Top Export Markets for Passenger Car from Peru in 2022:

United States (127.0 units)
Ecuador (42.0 units)
Germany (16.0 units)
Chile (11.0 units)
Spain (10.0 units)
United Kingdom (8.0 units)
Iraq (6.0 units)
Belgium (4.0 units)
Venezuela (4.0 units)
Italy (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the passenger car market in Peru. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29102100 - Vehicles with spark-ignition engine of a cylinder capacity. 1 .500 cm., new
Prodcom 29102230 - Motor vehicles with a petrol engine > 1 .500 cm. (including motor caravans of a capacity > 3 .000 cm.) (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
Prodcom 29102250 - Motor caravans with a spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1 .500 cm. but . 3 .000 cm.
Prodcom 29102310 - Motor vehicles with a diesel or semi-diesel engine . 1 .500 cm. (excluding vehicles for transporting . .10 persons, s nowmobiles, golf cars and similar vehicles)
Prodcom 29102330 - Motor vehicles with a diesel or semi-diesel engine > 1 .500 cm. but . 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
Prodcom 29102340 - Motor vehicles with a diesel or semi-diesel engine > 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
Prodcom 29102353 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 1 .500 cm. but . 2 .500 cm.
Prodcom 29102355 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 2 .500 cm.
Prodcom 29102400 - Other motor vehicles for the transport of persons (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
Prodcom 29102410 -
Prodcom 29102430 -
Prodcom 29102450 -
Prodcom 29102490 -

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023