Peru

Ride-sharing platforms such as Uber, Cabify, Easy Taxi and Beat have gained ground in a market in which informal taxi services are quite common. Offering additional services, such as package delivery or Uber Eats, contributed to the growth of these ...

The competitive environment in airlines in Peru is becoming stronger. The development of low-cost alternatives, which not only compete with scheduled airlines but also with other means of transport, was clear in the review period. Thanks to this ...

The growing aspirational nature of travel and the wide information available are encouraging consumers to look for personalised experiences; this has also reached lodging in Peru. A growing number of consumers, especially millennials, are looking for...

Internet penetration in Peru increased rapidly in recent years, leading e-commerce to increase, motivated by greater use of smartphones. The appearance of virtual payment platforms such as Safety Pay, Pago Efectivo and Mercado Pago contributed to ...

Travel continued to see growth in Peru in 2019, with increases in both inbound arrivals and outbound departures, as well as domestic tourism. This led to strong growth for transportation, lodging, car rental and travel intermediaries, which was also ...

2019 was another good year for inbound tourism. One of the main factors bosting arrivals was the different international events held in the country: Dakar 2019, South American Soccer Cup Sub 17 and the Pan American and Parapan American Games 2019. ...

After several years of high economic growth, Peruvian households are about to be tested, as a large inflow of migrant workers and slower economic growth descend on the country. Rural development remains a major focus for the state and a new airport ...

Latin America is the fourth largest region globally for sales of laundry care, and is predicted to be the third fastest growing over 2018-2023. Difficult economic conditions in some markets over 2013-2018 restricted growth, but there are many ...

Recent tax increases continued to result in lower formal consumption and higher demand for illegal products within cigarettes in Peru in 2018. Despite efforts by the authorities to seize illegal products, illicit trade continues to increase. Indeed, ...

In spite of rising regulation around the consumption of tobacco in Peru, including an increase in taxes and prohibition on smoking in enclosed public places, consumption of cigars and cigarillos continues to rise. This can be attributed to the fact ...

Retail volume sales of cigarettes continued to fall during 2018, mainly due to the increase in specific tax on tobacco and consequent rise in prices for consumers. In response, Peruvian smokers have increased consumption of cheaper and illegal ...

Vapor products have positioned themselves among Peruvian consumers as an attractive alternative for those who want to reduce consumption of cigarettes or quit altogether. Additionally, such products have also gained some popularity among younger ...

After a difficult 2017 and beginning of 2018, Peruvians were less willing to spend on products that were not basic needs. As they felt the money they earned had lower value in their visits to stores, they paid closer attention to what they bought and...

There were no sales of cider/perry in Peru at the end of the review period, and there are currently no expectations of any brands entering the market over the forecast period....

After a difficult 2017, expectations were higher for 2018, as it was expected to be a year of stability. However, it was a turbulent year, as political uncertainty worsened, with the final resignation of the president after a strong campaign from ...

May was a particularly difficult month for spirits companies, as in an unexpected decision, the government increased the Selective Tax on Consumption (ISC), the tax that regulates products with negative impacts on the country, such as sugary drinks, ...

In 2018, the Peruvian government increased the Selective Tax on Consumption (ISC), the tax that regulates products with negative impacts on the country, such as sugary drinks, tobacco and alcoholic drinks, amongst others. In the case of wine, the tax...

Peru’s economy continues its healthy momentum. Political uncertainty weighs on non-mining investment and infrastructure spending is decelerating. However, strong credit growth and job creation should support household spending. Magnifying global ...

Relatively rapid population growth in Peru up to 2030 will be propelled by positive natural change as a result of high, yet declining, birth rates. While the ageing process will accelerate, the country will remain comparatively young with over 60% of...

Despite social, economic and political turbulence during the review period, sales of major appliances in Latin America returned to growth in 2018, with further growth expected in the near future. Much depends on Brazil, which, given the size of the ...