The industrial gas market in Peru produced total revenues figures of $169m in 2018. This is up from approximately $110m in 2008, indicating an average annual growth rate of 4.5%, over the past decade.
Between 2008 and 2018 GDP grew by an average of 4.9% when adjusted for inflation. Telecommunications and financial services are the main contributors to the Peruvian economy, however the country still has a long way to go until it fully modernizes.
Within the 2018-2023 timeframe, our forecast models predict growth from 3.2% p.a. in a low scenario to 3.3% p.a. in a high scenario. Accordingly, the industry in Peru is expected to achieve revenues of between $198m to $199m by 2023.
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