The information technology (IT) market in Peru, like that of telecoms, has grown considerably over the past decade thanks to a fairly developed IT services and hardware market. Peru also has a budding software market and a growing reputation as an outsourcing destination. Moreover, whereas government policy with respect to the development of the...
Car sales in Peru have grown consistently since the early 2000s with more than 190,000 units bought in 2012. This represents year-on-year (y-o-y) growth of 27.9%, meaning the industry booked its best year yet. As of July 2013 the sector was on track for almost 11% y-o-y growth, with 119,808 units sold during the first seven months of the year...
Powerful mudslides in January of 2010 left more than 2500 tourists stranded in Aguas Calientes, the last village before reaching Machu Picchu. The event made international headlines and Peru’s crown jewel for tourism closed for several weeks while reconstruction efforts were carried out. However, these huaycos, as the mudslides are called...
The prime office market is a segment to watch. Even after adding six new buildings with more than 51,000 sq metres to Lima in 2012, the initial vacancy rate for prime office space dropped to 2.2% in 3Q 2013, down from 2.4% in 3Q 2012. Such high demand has limited market options for leading companies doing business in Peru, but it is also laying...
Fishermen in Peru are facing choppy waters as supplies of anchovy, the industry’s prime catalyst, have fallen to one of the lowest levels in the last 20 years. In 2012 more than $2bn in export revenues – 66% of the sector total – was generated by anchovy-based fishmeal, oil and omega-3 supplements, commanding high prices on the international...
In the past decade, Peru’s mobile sector has been dominated by two players: Telefónica under its brand Movistar and America Movil under the Claro brand. Healthy competition exists between the two, while Nextel, which was recently acquired by Chile’s ENTEL in a 100% share transfer from US firm NII Holdings for $410.6m, occupies a small but...
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