Ceramic Sanitary Ware Markets in Peru

In this article, we'll explore the ceramic sanitary ware market in Peru. We'll discuss Peru's exports, major suppliers, and competitive landscape. And we'll examine the imports from other countries, such as Mexico. This article is a great starting point for those looking to break into this growing market. It covers key facts, such as the number of units exported from Peru in the last five years, as well as the type of sanitary ware that Peru exports.

Exports of Ceramic Sanitary Ware from Peru

The exports of ceramic sanitary ware from Peru in 2022 are expected to be worth millions of dollars. The volume of these wares rose by a significant percentage from the previous year. And, also the overall imports increased in 2022. The largest share of these wares went to China, accounting for a major per cent of the total. In 2021, Peru recorded a record high for this export, and its exports to China and Taiwan (China) followed. And, the country's exports did not decline between 2009 and 2020. Therefore, it is still a promising market for importers.

In terms of price, Chile remained the leading exporter of ceramic sanitary ware in 2022, accounting for a large percentage of the total export value. The second and third-ranked countries were Thailand and Mexico, respectively. While Peru was the third-largest exporter, the price was considerably lower in each of these countries. Despite a decline in prices, the market is expected to remain stable in the near future. In terms of value, Peru's ceramic sanitary ware exports accounted for 5.5% of its overall supplies. These exports are expected to grow by as much as 9% in the next few years. In terms of the number of products that are exported from Peru, sanitary ware accounted for approx 0.5% of total merchandise exports. With the rise in exports, Peru's economy is not experiencing a slump in its economy. The exports of sanitary ware will continue to rise until 2030.

Major Suppliers of Ceramic Sanitary Ware

As of 2022, the average import price of ceramic sanitary ware was a few dollars, increasing by a significant percentage from the previous year. Over the past thirteen years, the ceramic sanitary ware sector has experienced positive growth but has maintained its momentum in recent years. In 2022, exports of ceramic sanitary ware reached a record high level as compared to from 2009 to 2020.

The majority of these products are manufactured by Indian and European firms. Indian and European companies have a reputation for producing high-quality goods at affordable prices. And, Asian manufacturers do not lag behind European companies in terms of research and development innovation. This has resulted in an increment in the middle-market segment.

Ceramic Sanitary Ware Competitive Landscape

The competitive landscape of Ceramic Sanitary Ware markets is expected to remain stable throughout the forecast period, due to increased spending on infrastructure projects and the positive outlook for the tourism industry. The residential segment will continue to grow significantly thanks to the rising demand for luxury ceramic sanitary ware. In addition, major construction projects are currently on hold, but they are expected to resume as soon as the lockdown ends. Moreover, major companies in the ceramic sanitary ware market in Peru include Orient Ceramics.

Globally, the sanitary ware market in Peru has several segments, mainly in terms of shape. Curved sanitary ware is predicted to account for the largest share in 2022. Curved shapes are more suitable for most interior themes, as well as being easy to clean. Furthermore, there are two main types of sanitary ware: white and black. While the latter is popular among consumers, white sanitary wares are the most affordable ones.

Imports of Ceramic Sanitary Ware

In 2022, Peru became one of the top five importers of ceramic sanitary ware in Latin America. The country was followed by Chile, Honduras, and Bolivia. Peru's ceramic sanitary ware imports increased at the fastest rate compared to other major importing countries, rising at a rapid rate each year. Recently, the ceramic sanitary ware market in Peru reached millions of dollars and increased by a significant rate year-over-year from 2018 to 2022. The market grew the fastest during 2020 and 2021. China accounted for the largest share of ceramic sanitary ware imports to Peru, outpacing Colombia by twofold.

In terms of total imports, Peru ranks fifth in the world, trailed only by China. China accounted for 41% of total ceramic sanitary ware imports. It was followed by Mexico, Thailand, and Colombia, which took the second and third places, respectively.

Trends in Ceramic Sanitary Ware Market

The Ceramic Sanitary Ware market in Peru experienced buoyant growth over the past decade. Imports to Peru in 2021 grew by large per cent year-over-year and reached a record high in 2022. In the same period, exports to Colombia and China surpassed those of Peru by almost twofold. From 2017 to 2022, ceramic sanitary ware exports from Peru to China and Colombia accounted for a significant amount of total supplies.

The Bottom Line

The growing hospitality industry in India has also supported the sanitary ware market growth. Governments are spending heavily on the mass construction of public toilets in the country. India's government is spending over USD 10 billion to improve hygiene standards in the country. And the cost of production will not hamper the market growth. Hence, sanitary ware manufacturers must be well-aware of the market dynamics to succeed in the emerging markets.