Peru: Carpet Market 2024

Carpet Market Size in Peru

The Peruvian carpet market dropped slightly to $X in 2022, which is down by X% 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). The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Carpet Exports

Exports from Peru

In 2022, carpet exports from Peru shrank to X square meters, reducing by X% on 2021 figures. In general, exports saw a perceptible decline. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at X square meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, carpet exports shrank to $X in 2022. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of X% 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 carpet exports from Peru, with a X% share of total exports. Moreover, carpet exports to the United States exceeded the volume sent to the second major destination, Bolivia (X square meters), twofold. The third position in this ranking was taken by Canada (X square meters), with an X% share.

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

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

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

Export Prices by Country

The average carpet export price stood at $X per square meter in 2022, shrinking by X% against the previous year. Over the period under review, the export price showed a mild contraction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2015 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 United States ($X per square meter), while the average price for exports to Cuba ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Carpet Imports

Imports into Peru

In 2022, approx. X square meters of carpets and other textile floor coverings were imported into Peru; flattening at 2021 figures. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X square meters in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, carpet imports shrank to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest carpet supplier to Peru, with a X% share of total imports. Moreover, carpet imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X square meters), more than tenfold. The Netherlands (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Netherlands (X% per year).

In value terms, China ($X) constituted the largest supplier of carpets and other textile floor coverings to Peru, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the United States (X% per year).

Import Prices by Country

The average carpet import price stood at $X per square meter in 2022, falling by X% against the previous year. In general, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per square meter in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Turkey ($X per square meter), while the price for China ($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 Egypt (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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