Peru: Wood-Based Panels Market 2024

Wood-Based Panels Market Size in Peru

In 2022, after six years of growth, there was decline in the Peruvian wood-based panels market, when its value decreased by X% to $X. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2015 indices. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Wood-Based Panels Production in Peru

In value terms, wood-based panels production declined slightly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Wood-Based Panels Exports

Exports from Peru

In 2022, approx. X cubic meters of wood-based panels were exported from Peru; which is down by X% on the year before. Overall, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X cubic meters in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, wood-based panels exports shrank rapidly to $X in 2022. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X cubic meters) was the main destination for wood-based panels exports from Peru, with a X% share of total exports. Moreover, wood-based panels exports to Mexico exceeded the volume sent to the second major destination, the Dominican Republic (X cubic meters), more than tenfold. Ecuador (X cubic meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Ecuador (X% per year).

In value terms, Mexico ($X) remains the key foreign market for wood-based panels exports from Peru, comprising X% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with an X% share of total exports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Mexico stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Ecuador (X% per year).

Export Prices by Country

In 2022, the average wood-based panels export price amounted to $X per cubic meter, picking up by X% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wood-based panels export price increased by X% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per cubic meter), while the average price for exports to Chile ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (X%), while the prices for the other major destinations experienced more modest paces of growth.

Wood-Based Panels Imports

Imports into Peru

In 2022, after ten years of growth, there was significant decline in supplies from abroad of wood-based panels, when their volume decreased by X% to X cubic meters. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X cubic meters, and then contracted sharply in the following year.

In value terms, wood-based panels imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

Ecuador (X cubic meters), Brazil (X cubic meters) and China (X cubic meters) were the main suppliers of wood-based panels imports to Peru, together comprising X% of total imports. Chile, Spain and Thailand lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wood-based panels suppliers to Peru were Ecuador ($X), Brazil ($X) and China ($X), with a combined X% share of total imports. Spain, Chile and Thailand lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood-based panels import price stood at $X per cubic meter in 2022, surging by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per cubic meter), while the price for Thailand ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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