Peru: Non-Electric Air Heater Market 2023

Non-Electric Air Heater Market Size in Peru

In 2022, the Peruvian non-electric air heater market decreased by -7.8% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption showed a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Electric Air Heater Exports

Exports from Peru

In 2022, non-electric air heater exports from Peru surged to X units, jumping by 35% on 2021 figures. Overall, exports saw a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 446% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, non-electric air heater exports fell to $X in 2022. In general, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2017 with an increase of 357% against the previous year. 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 non-electric air heater exports from Peru, with a 90% share of total exports. Moreover, non-electric air heater exports to Bolivia exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. The Netherlands (X units) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume to Bolivia totaled +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.4% per year) and the Netherlands (-5.4% per year).

In value terms, the largest markets for non-electric air heater exported from Peru were the Netherlands ($X), Bolivia ($X) and Panama ($X), with a combined 95% share of total exports.

The Netherlands, with a CAGR of +22.2%, 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 mixed trend patterns.

Export Prices by Country

The average non-electric air heater export price stood at $X per unit in 2022, shrinking by -29.2% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 an increase of 28% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Bolivia ($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 the Netherlands (+29.2%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Air Heater Imports

Imports into Peru

In 2022, overseas purchases of non-electric air heaters or hot air distributors decreased by -8.4% to X units, falling for the second year in a row after three years of growth. In general, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 304%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, non-electric air heater imports contracted to $X in 2022. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 307%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India (X units), Chile (X units) and Spain (X units) were the main suppliers of non-electric air heater imports to Peru, together comprising 61% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +56.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Chile ($X) and Italy ($X) were the largest non-electric air heater suppliers to Peru, with a combined 51% share of total imports.

In terms of the main suppliers, Chile, with a CAGR of +32.8%, saw the highest rates of growth with regard to 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 non-electric air heater import price stood at $X per unit in 2022, rising by 2.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 23%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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