Peru: Wooden Furniture Treatments Market 2024

Wooden Furniture Treatments Market Size in Peru

The Peruvian wooden furniture treatments market reduced to $X in 2022, waning by -8% against the previous year. In general, consumption continues to indicate a deep setback. Wooden furniture treatments consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wooden Furniture Treatments Production in Peru

In value terms, wooden furniture treatments production reduced slightly to $X in 2022 estimated in export price. In general, production continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2021 when the production volume increased by 9.1%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Wooden Furniture Treatments Exports

Exports from Peru

In 2022, overseas shipments of polishes and creams for wooden furniture and floors were finally on the rise to reach X tons after two years of decline. Overall, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 395% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, wooden furniture treatments exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 419% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X tons) was the main destination for wooden furniture treatments exports from Peru, with a 48% share of total exports. Moreover, wooden furniture treatments exports to Chile exceeded the volume sent to the second major destination, Uruguay (X tons), threefold. The third position in this ranking was taken by Ecuador (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile amounted to -11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+14.2% per year) and Ecuador (-5.5% per year).

In value terms, Uruguay ($X) emerged as the key foreign market for polishes and creams for wooden furniture and floors exports from Peru, comprising 41% of total exports. The second position in the ranking was held by Chile ($X), with a 19% share of total exports. It was followed by Ecuador, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Uruguay totaled +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-23.1% per year) and Ecuador (-9.8% per year).

Export Prices by Country

In 2022, the average wooden furniture treatments export price amounted to $X per ton, with a decrease of -14.9% against the previous year. In general, the export price saw a deep downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 24% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Wooden Furniture Treatments Imports

Imports into Peru

In 2022, imports of polishes and creams for wooden furniture and floors into Peru reduced sharply to X tons, declining by -19.7% on the year before. In general, imports saw a mild descent. The pace of growth was the most pronounced in 2021 when imports increased by 64%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, wooden furniture treatments imports contracted sharply to $X in 2022. Over the period under review, imports showed a pronounced reduction. The growth pace was the most rapid in 2021 when imports increased by 55%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Colombia (X tons) constituted the largest supplier of wooden furniture treatments to Peru, accounting for a 57% share of total imports. Moreover, wooden furniture treatments imports from Colombia exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. Chile (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from Colombia stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-10.0% per year) and Chile (+9.1% per year).

In value terms, Colombia ($X) constituted the largest supplier of polishes and creams for wooden furniture and floors to Peru, comprising 51% of total imports. The second position in the ranking was taken by Chile ($X), with a 19% share of total imports. It was followed by Mexico, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Colombia amounted to -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+8.4% per year) and Mexico (-7.6% per year).

Import Prices by Country

The average wooden furniture treatments import price stood at $X per ton in 2022, growing by 2.5% against the previous year. In general, the import price, however, recorded a slight decrease. The growth pace was the most rapid in 2017 an increase of 15%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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