Key Market Indicators
Peruvian electrical equipment imports are projected to surge to approximately $5.45 billion by 2028, up from around $4.86 billion in 2023. This marks an average annual growth rate of 1.8%. Historical data since 1997 indicates that Peruvian demand for electrical equipment has been rising consistently, with an annual increase of 3.1%. On the export front, Peru's electrical equipment market is also set for growth. Exports are expected to reach nearly $119 million by 2028, climbing from $111 million in 2023. This translates to a compound annual growth rate (CAGR) of 1.1%. Since 1997, Peruvian supply in the sector has seen a yearly increase of 1.9%.
