Peru’s Trade Surge: Gin Exports Skyrocket, Falabella Leads Sweater Imports, and Velvet Fabrics Hit $3.9M
In 2024, Peru’s trade landscape shifts with velvet and plush imports hitting $3.9M, Falabella dominating sweater imports, and a 318% spike in gin exports driven by unique Peruvian blends.
Today’s insights:
1. Peru’s Velvet and Plush Imports Reach $3.9M
Key Players in Peru’s Velvet and Plush Market: $3.9M Imported in Q1 2024
Peru imported $3.9 million in velvet and plush fabrics (HS 6001) during the first quarter of 2024. Colortex Perú S.A. is the leading Peruvian importer of this product, followed by:
1. Textimuebles Pasto SAS - $306K
2. Decor Top Retama S.A.C. - $182K
3. Inversiones Tongtex S.A.C. - $169K
4. Toptextil Corporation S.A.C. - $143K
5. Muebleria Lymber Sac - $143K
6. Lino`s Toy S.R.Ltda. - $141K
7. Pelutel S.A.C. - $127K
8. Import & Export Junhong S.A.C. - $109K
9. cueros superior S.A.C. - $105K
2. Falabella Dominates Peru’s $29.9M Sweater and Cardigan Imports
Falabella Leads Peru’s $29.9M Sweaters and Cardigans Import Market for Q1 2024.
Falabella Perú imported $29.9 million in sweaters, cardigans, and knit vests (HS 6110) during the first quarter of 2024, making it the top Peruvian importer. The following companies also made significant imports:
1. Ripley Perú - $4.69M
2. H&M - $3.01M
3. Supermercados Peruanos S.A. - $1.80M
4. Tottus - $1.60M
5. CONFECCIONES VALDITEX SL S.A. (Tommy Hilfiger) - $1.59M
6. Oechsle - $1.59M
7. Trading Fashion Line S.A. (Tdas. Topitop) - $1.28M
8. Iberotex - $902K
9. Cencosud S.A. - $900K
3. Inside Peru’s Cast and Laminated Glass Market
HOUSEMART PERU S.A.C., with a 30% market share, positioned itself as the largest importer of cast or laminated glass (HS 7003) in Peru during the first quarter of 2024.
The other top importers of cast or laminated glass in Peru were:
1. Triplex Inversiones S.A.
2. Vidrieria Limatambo SAC
3. Corporación Cristalum S.A.C.
4. Fk Edificaciones S.A.C.
5. corrales & cia. SAC
6. Distribuciones Vidrios Y Aluminios Romero E.I.R.L.
7. Vidrieria Ferreteria Tintaya E.I.R.L.
8. J.C. Peruvian Import & Export S.A.C.
9. Vidrieria Sarita Colonia S.R.L.
4. Peru’s Explosive Gin Export Growth: 318% Surge in 2024
Highlighting Peru's explosive growth in gin exports, driven by unique blends like Amazonian Gin, Andean Gin, and Gin'ca Berries, each offering a distinct taste from Peru's rich botanical heritage.
Top Exporting Companies for Gin in Peru (2024):
1. Don Michael Andean Distillery S.A.C.: $56K
2. The Inca Distillery SAC: $30K
3. Inti Distillery EIRL: $2K (new in 2024)
4. Jm Importadora Exportadora Y Servicios S.A.C.: $605 (new in 2024)
5. Uchu Wasi S.A.C.: $120 (new in 2024)
From January to July 2024, Peru's gin exports saw an impressive rise of 318%, increasing from $21K in 2023 to $89K. This surge is largely attributed to the popularization of specialty gins such as Amazonian Gin, Andean Gin, and Ginca Berries, which have captured the global market with their unique flavors and premium quality. Don Michael S.A.C. experienced a monumental growth of 1650%, reflecting its success in leveraging Peru’s diverse flora to create gins that resonate well with international palates.
That’s all for today…
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