
Peru - Iron or Steel Gas Domestic Appliances - Market Analysis, Forecast, Size, Trends and Insights
Peru: Metal Gas Appliances Market 2023
Metal Gas Appliances Market Size in Peru
The Peruvian metal gas appliances market soared to $X in 2022, rising by 218% 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). Overall, consumption, however, continues to indicate a slight contraction. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.
Metal Gas Appliances Exports
Exports from Peru
Metal gas appliances exports from Peru skyrocketed to X units in 2022, increasing by 344% compared with the previous year. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 981% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, metal gas appliances exports rose notably to $X in 2022. Over the period under review, exports recorded a strong increase. The growth pace was the most rapid in 2013 when exports increased by 268%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.
Exports by Country
Chile (X units) was the main destination for metal gas appliances exports from Peru, with a approx. 100% share of total exports.
From 2012 to 2022, the average annual growth rate of volume to Chile stood at +51.1%.
In value terms, Chile ($X) emerged as the key foreign market for iron or steel gas domestic appliances exports from Peru.
From 2012 to 2022, the average annual growth rate of value to Chile totaled +38.3%.
Export Prices by Country
The average metal gas appliances export price stood at $X per unit in 2022, waning by -74.2% against the previous year. In general, the export price continues to indicate a significant decline. The pace of growth appeared the most rapid in 2020 when the average export price increased by 989% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Chile.
From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +28.8% per year.
Metal Gas Appliances Imports
Imports into Peru
In 2022, metal gas appliances imports into Peru soared to X units, with an increase of 212% against the year before. Overall, imports showed a notable increase. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.
In value terms, metal gas appliances imports skyrocketed to $X in 2022. Over the period under review, imports posted a buoyant increase. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.
Imports by Country
In 2022, China (X units) was the main metal gas appliances supplier to Peru, accounting for a 92% share of total imports. Moreover, metal gas appliances imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold.
From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +5.8%.
In value terms, China ($X) constituted the largest supplier of iron or steel gas domestic appliances to Peru, comprising 95% of total imports. The second position in the ranking was held by Italy ($X), with a 3.1% share of total imports.
From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +10.4%.
Import Prices by Country
In 2022, the average metal gas appliances import price amounted to $X per unit, surging by 41% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal gas appliances import price decreased by -21.3% against 2016 indices. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Italy totaled $X per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the metal gas appliances 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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