Peru: Market for Radiators for Central Heating (not Electrically Heated) 2024

Market Size for Radiators for Central Heating (not Electrically Heated) in Peru

The Peruvian non-electric central heating radiator market soared to $X in 2022, rising 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). Over the period under review, consumption posted a modest increase. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Radiators for Central Heating (not Electrically Heated)

Exports from Peru

In 2022, overseas shipments of radiators for central heating (not electrically heated) increased by X% to X units, rising for the third consecutive year after three years of decline. In general, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, non-electric central heating radiator exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for non-electric central heating radiator exports from Peru, accounting for a X% share of total exports. Moreover, non-electric central heating radiator exports to the United States exceeded the volume sent to the second major destination, Bolivia (X units), eightfold. The third position in this ranking was held by Cuba (X units), with a X% share.

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

In value terms, the United States ($X) emerged as the key foreign market for radiators for central heating (not electrically heated) exports from Peru, comprising X% of total exports. The second position in the ranking was held by Cuba ($X), with a X% share of total exports. It was followed by Bolivia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (X.0% per year) and Bolivia (X% per year).

Export Prices by Country

In 2022, the average non-electric central heating radiator export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($X per unit), while the average price for exports to Chile ($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 Cuba (X.0%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Radiators for Central Heating (not Electrically Heated)

Imports into Peru

In 2022, non-electric central heating radiator imports into Peru soared to X units, rising by X% against 2021. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, non-electric central heating radiator imports reduced notably to $X in 2022. Overall, imports posted a remarkable increase. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest non-electric central heating radiator supplier to Peru, with a X% share of total imports. Moreover, non-electric central heating radiator imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of radiators for central heating (not electrically heated) to Peru, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

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

Import Prices by Country

In 2022, the average non-electric central heating radiator import price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price, however, saw a buoyant expansion. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 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 ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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