Peru: Market for Tableware And Kitchenware Of Wood 2025

Market Size for Tableware And Kitchenware Of Wood in Peru

The Peruvian wood kitchenware and tableware market surged to $X in 2021, growing by 52% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a significant increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Exports of Tableware And Kitchenware Of Wood

Exports from Peru

In 2021, approx. X tons of tableware and kitchenware of wood were exported from Peru; increasing by 43% against 2020 figures. Overall, exports, however, faced a drastic downturn. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood kitchenware and tableware exports surged to $X in 2021. Over the period under review, exports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 102% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for wood kitchenware and tableware exports from Peru, accounting for a 41% share of total exports. Moreover, wood kitchenware and tableware exports to the United States exceeded the volume sent to the second major destination, Chile (X tons), threefold. The Dominican Republic (X tons) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+25.5% per year) and the Dominican Republic (+43.8% per year).

In value terms, the United States ($X) remains the key foreign market for tableware and kitchenware of wood exports from Peru, comprising 49% of total exports. The second position in the ranking was taken by Turkey ($X), with a 9.3% share of total exports. It was followed by Saudi Arabia, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+0.1% per year) and Saudi Arabia (+22.2% per year).

Export Prices by Country

The average wood kitchenware and tableware export price stood at $X per ton in 2021, surging by 3.1% against the previous year. In general, the export price saw a resilient increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 65%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the Dominican Republic ($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 Saudi Arabia (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tableware And Kitchenware Of Wood

Imports into Peru

Wood kitchenware and tableware imports into Peru soared to X tons in 2021, increasing by 60% on the previous year's figure. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of 135% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, wood kitchenware and tableware imports soared to $X in 2021. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 197%. Imports peaked at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

In 2021, China (X tons) was the main supplier of wood kitchenware and tableware to Peru, accounting for a 91% share of total imports. It was followed by Thailand (X tons), with a 2.2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+16.0% per year) and Brazil (+0.6% per year).

In value terms, China ($X) constituted the largest supplier of tableware and kitchenware of wood to Peru, comprising 85% of total imports. The second position in the ranking was taken by Thailand ($X), with a 4.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+12.4% per year) and Brazil (+6.0% per year).

Import Prices by Country

In 2021, the average wood kitchenware and tableware import price amounted to $X per ton, reducing by -7.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 26% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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