Peru: Assembled Parquet Panels Market 2024

Assembled Parquet Panels Market Size in Peru

The Peruvian assembled parquet panels market rose rapidly to $X in 2021, surging by 10% against the previous year. Overall, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.7% against 2019 indices. Assembled parquet panels consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Assembled Parquet Panels Production in Peru

In value terms, assembled parquet panels production rose sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 16%. Assembled parquet panels production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Assembled Parquet Panels Exports

Exports from Peru

In 2021, shipments abroad of assembled parquet panels was finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a pronounced reduction. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, assembled parquet panels exports soared to $X in 2021. Over the period under review, exports, however, recorded a noticeable decline. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for assembled parquet panels exports from Peru, accounting for a 59% share of total exports. Moreover, assembled parquet panels exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), sevenfold. China (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+24.8% per year) and China (+5.1% per year).

In value terms, the United States ($X) remains the key foreign market for assembled parquet panels exports from Peru, comprising 56% of total exports. The second position in the ranking was taken by China ($X), with a 17% share of total exports. It was followed by Mexico, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+17.0% per year) and Mexico (+23.8% per year).

Export Prices by Country

In 2021, the average assembled parquet panels export price amounted to $X per ton, falling by -10.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 11% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+11.4%), while the prices for the other major destinations experienced a decline.

Assembled Parquet Panels Imports

Imports into Peru

Assembled parquet panels imports into Peru expanded markedly to X tons in 2021, increasing by 11% on the year before. Overall, imports, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2019 with an increase of 80% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, assembled parquet panels imports expanded remarkably to $X in 2021. In general, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 136% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of assembled parquet panels to Peru, with a 73% share of total imports. Moreover, assembled parquet panels imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), tenfold. The third position in this ranking was held by Sweden (X tons), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-16.5% per year) and Sweden (+9.3% per year).

In value terms, Germany ($X), China ($X) and Brazil ($X) constituted the largest assembled parquet panels suppliers to Peru, together comprising 76% of total imports. Sweden, Portugal and France lagged somewhat behind, together comprising a further 9.1%.

Among the main suppliers, Portugal, with a CAGR of +28.0%, saw the highest growth rate of 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

In 2021, the average assembled parquet panels import price amounted to $X per ton, increasing by 2.2% against the previous year. Over the period under review, the import price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 31% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+29.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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