Peru: Condom Market 2024

Condom Market Size in Peru

The Peruvian condom market rose markedly to $X in 2022, increasing 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, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Condom Exports

Exports from Peru

In 2022, shipments abroad of condoms (sheath contraceptives) decreased by X% to X units, falling for the third year in a row after two years of growth. Overall, exports saw a precipitous setback. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, condom exports fell rapidly to $X in 2022. Over the period under review, exports saw a dramatic decline. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Panama (X units) was the main destination for condom exports from Peru, with a X% share of total exports. Moreover, condom exports to Panama exceeded the volume sent to the second major destination, Cuba (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Panama was relatively modest.

In value terms, Panama ($X) emerged as the key foreign market for condoms (sheath contraceptives) exports from Peru, comprising X% of total exports. The second position in the ranking was taken by Cuba ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Panama was relatively modest.

Export Prices by Country

The average condom export price stood at $X per thousand units in 2022, with a decrease of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per thousand units, and then fell rapidly in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cuba ($X per thousand units), while the average price for exports to Panama stood at $X per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Condom Imports

Imports into Peru

In 2022, imports of condoms (sheath contraceptives) into Peru reduced to X units, remaining constant against the previous year. In general, imports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, condom imports skyrocketed to $X in 2022. Overall, total imports indicated mild growth from 2012 to 2022: its value 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 most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X units), India (X units) and China (X units) were the main suppliers of condom imports to Peru, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Thailand ($X), India ($X) and China ($X) constituted the largest condom suppliers to Peru, together accounting for X% of total imports.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average condom import price stood at $X per thousand units in 2022, rising by X% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price 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, condom import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 India ($X per thousand units), while the price for China ($X per thousand units) was amongst the lowest.

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

Source: IndexBox Platform

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