Key View: Dutch brewing company, Heineken has entered the Peru market via a two-prong strategy of acquisition and of signing a local partnership distribution. The Fitch Solutions Alcohol Risk Reward Index (a tool to measure a markets investment potential) ranks Peru seventh out of 18 in the Latin America region, with Peru scoring highest within

Key View

• Impact of the Covid-19 pandemic will lead to contractions in growth in 2021 and slower growth over the forecast period.
• Consumables and Diagnostic Imaging to be worst affected product areas.
• Patient Aids to see accelerated 5-year CAGR growth.

Peru’s medical device market is expected to experience slower CAGR growth as a result of

Key View

• We are revising down Peru's copper mine production forecast further from a 4.0% contraction to an 11.5% contraction in 2020 to account for the dismal copper output figures in Q120 and expected lower output in Q220.
• That being said, output will begin to pickup from Q220 lows as phase one of the government's reactivation plan begins.

Key View

• We have revised down our growth forecast for Peru’s construction industry substantially as a result of the Covid-19 pandemic and now forecast the industry will contract by 5.9% y-o-y in 2020, compared to a previous forecast of growth of 3.1% y-o-y and down from growth of 1.5% y-o-y in 2019.
• The sharp reduction in construction

Key View

• Important steps forward for two port projects in Peru point to significant growth in construction investment in the country’s ports over the next several years, building on momentum for several other large-scale port projects.
• Nevertheless, we expect the Covid-19 outbreak to pose challenges for port development in the country

Key View

• Peru presents significant opportunities for retailers with a number of malls set to open over the medium term (2020-2024).
• The investment in new malls will provide spaces for stores to set-up around the concept of ‘retailment’, transforming the traditional use of malls into hubs for entertainment, food services as well as commercial

Key View

• Developments to achieve universal health insurance, expand health infrastructure and increase digitalisation will benefit the Peruvian medical device market.
• Supported by healthcare expansion, Peru’s medical device market will record growth of 6.3% in 2019 despite external headwinds weakening short-term economic growth.

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