Peru: Wood Tool Market 2025

Wood Tool Market Size in Peru

After three years of decline, the Peruvian wood tool market increased by 35% to $X in 2021. Over the period under review, consumption recorded a buoyant expansion. Wood tool consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Wood Tool Production in Peru

In value terms, wood tool production surged to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. Wood tool production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Wood Tool Exports

Exports from Peru

For the third year in a row, Peru recorded growth in overseas shipments of tools of wood, which increased by 2,250% to X tons in 2021. In general, exports posted a resilient expansion. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, wood tool exports soared to $X in 2021. Overall, exports showed a significant expansion. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X tons) was the main destination for wood tool exports from Peru, accounting for a 81% share of total exports. Moreover, wood tool exports to the Dominican Republic exceeded the volume sent to the second major destination, Mexico (X kg), more than tenfold. Chile (X kg) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Dominican Republic stood at +86.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-11.2% per year) and Chile (+8.5% per year).

In value terms, the Dominican Republic ($X) remains the key foreign market for tools of wood exports from Peru, comprising 65% of total exports. The second position in the ranking was taken by Mexico ($X), with a 5.9% share of total exports. It was followed by Bolivia, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Dominican Republic amounted to +100.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-7.4% per year) and Bolivia (+27.3% per year).

Export Prices by Country

In 2021, the average wood tool export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a tangible expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 42% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Chile ($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 Bolivia (+13.1%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Tool Imports

Imports into Peru

In 2021, overseas purchases of tools of wood increased by 34% to X tons, rising for the second consecutive year after two years of decline. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 1,024% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, wood tool imports surged to $X in 2021. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 896% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of wood tool to Peru, with a 98% share of total imports. It was followed by Chile (X tons), with a 1.3% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +27.2%.

In value terms, China ($X) constituted the largest supplier of tools of wood to Peru, comprising 89% of total imports. The second position in the ranking was held by Chile ($X), with a 4.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +27.4%.

Import Prices by Country

In 2021, the average wood tool import price amounted to $X per ton, waning by -13.2% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 69% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.1%).

Source: IndexBox Platform

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